Chinese shipping industry plans to order VLCCs in quantity [Shipbuilding]
Chinese shipping companies are reportedly planning to order VLCC (very large crude oil carrier) newbuildings amounting to 65 units by 2012. Now, 90% of the total crude oil imported in China is carried by foreign shipping companies. And the Chinese...
2008-09-02 14:39:09
Shipbuilding & Aviation Industrial Complex to be constructed... [General]
Shipbuilding and aviation industrial complex will be constructed in Sangri myeon, Gosung gun, South Gyeongsang province, South Korea. Gosung county on September 1 signed a contract with a private enterprise, SungGwang co., Ltd. to invest KRW 120.4...
2008-09-02 13:30:57
QJMS to lose an order for four 92K bulkers [Shipbuilding]
Greece’s Vafias Group seems to have cancelled an order for four 92,100-dwt Post-Panamax bulkers at Qingdao Jimo Mastek Shipyard (QJMS), a joint-venture company between South Korea and China, according to foreign news sources. It appears the shi...
2008-09-02 09:54:40
DACOS to operate fully since 2010 [General]
The construction of the shipyard of Dalian COSCO Shipbuilding Industry (DACOS) has begun. DACOS is a joint venture shipbuilding enterprise between China Ocean Shipping (Group) Company (COSCO) and Nantong COSCO KHI Shipping Engineering (NACKS). The...
2008-09-02 09:38:15
Chinese shipbuilding industry entering in medium and long te... [Finance]
With global shipbuilding industry’s boom starting from 2002, the shipbuilding industry has been showing a super cycle, driven by the emerging market, including China. Hanhwa Securities forecasted in a recent report that due to the global market...
2008-09-02 09:37:39
Mid-size tanker price rise [Finance]
Amid a New building price for mid-size tanker is on the rise, tanker freight rate succeeded in turnaround. Jo Yong-jun, a researcher at Shinyoung Securities, made a statement that newbuilding price, especially Aframax cost increased $500,000. T...
2008-09-02 09:35:06
DSME Bid Consortium eyes on Shipping company [General]
Amid Daewoo Shipbuilding & Marine Engineering (DSME)’s bidding race is in full swing, much of attention was drawn to setting up a consortium. Especially, consortium is reported to have included another industrial unit besides financial instituti...
2008-09-02 09:32:36
DSME considering resumption of constructing Panamaxes [Shipbuilding]
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) appears to contemplate resuming the construction of Panamax bulk carriers. According to sources, DSME is considering constructing the ship type at its second dockyard which is now un...
2008-09-02 09:17:52
China’s SWS to receive an order for three Capesizes [Shipbuilding]
Japan’s Kawasaki Kisen Kaisha (K Line) has placed an order for the construction of three Capesize bulkers at China’s Shanghai Waigaoqiao Shipbuilding (SWS). The three 176,000-dwt bulkers will be delivered in the first half of 2012 at two-month...
2008-09-01 14:24:27
Japanese shipbuilding industry is in shortage of steel plate [Equipment]
According to Japanese economy daily, Nippon Steel Corporation and JFE Steel are reported to scramble to coming up with countermeasures over a shortage of steel plates supplies for shipbuilding. Nippon Steel Corporation plans to boost the productiv...
2008-09-01 14:13:38
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