Shipbuilding industry’s rosy outlook in the mid and long t... [Finance]
Last week, Shipbuilding industry’s slump in earnings and foreign investors’ selling sprees sent shipbuilding industry’s share price tumbling. This can be attributed to the second quarter earnings result’ release reflecting concerns over th...
2008-08-14 09:50:16
Ulsan asks KOSHIPA to assist in preparing WSIF [General]
Joo Bong-Hyun, deputy mayor for political affairs of Ulsan, a metropolitan city in the south-east of South Korea, on 12 visited the Ministry of Knowledge Economy (MKE, a branch of the South Korean government) and the Korea Shipbuilders’ Association...
2008-08-14 09:39:33
Hyundai Samho puts spurs to expanding its facilities [General]
Hyundai Samho Heavy Industries (HSHI) accelerates enlarging its dock facilities in 2H of 2008. The company is expanding its existing two docks, and when the project is completed, its shipbuilding output will increase by more than 50%. HSHI has ...
2008-08-14 09:38:29
Volume of orders crimped sharply - Economic outlook stirs up... [Finance]
Korea shipbuilding industry’s economic outlook ignites controversies. World’s shipbuilding industry’s total volume of order intake in the first half of year plunged sharply compared with the same period of last year. Amid evident signs of...
2008-08-14 09:38:14
K-Line to invest in a Chinese repair shipyard [Finance]
Kawasaki Kisen Kaisha, Ltd. (K-Line, Japan) puts money in a ship repair shipyard in China According to a source, for the considerable amount of ship repairing and maintenance in the future, K-Line has bought 5% stake in the repair shipyard at $25m...
2008-08-14 09:37:20
Rumors that Wonyoung Shipbuilding went into bankruptcy, “G... [General]
Park Bong-Won, president of Wonyoung Shipbuilding, revealed that he has suffered severely from a groundless rumor that the company went into liquidation. He said the rumor has brought losses to his business as well as mental pains to his mind. He ...
2008-08-14 09:35:57
Shanghai Waigaoqiao receives order for 6 VLCCs [Shipbuilding]
Shanghai Waigaoqiao Shipbuilding (SWS) in China, according to a market report, seems to have received an order for the construction of six VLCCs (Very Large Crude-oil Carriers, 316,000dwt) from Ocean Tankers in Singapore. The deliveries of the tan...
2008-08-14 09:34:54
China shipbuilding market analysis in the first half of year [Finance]
China’s shipbuilding industry is analyzed in the first half of 2008 in a way that amid the difficulties such as the revaluation of the yuan renminbi, record snowfall, earthquake and marine transportation market fluctuation etc, it overcomes economi...
2008-08-13 10:13:44
Mid&small sized shipyard shouldering steel plates’ price b... [Equipment]
It appears that mid and small and start-up shipyards suffer from supply shortages and price hikes in steel plates. Since the end of 2007, steel plates for shipbuilding had been climbing up, with no end in sight, and it jumps to 1.5 times of the pr...
2008-08-13 09:54:52
DACOS embarks on a shipyard construction [General]
According to Chinese press media sources, Chinese DACOS, which is the joint venture in collaboration between COSCO Group and NACKS, appears to embark on a shipyard construction operation. In the first phase of construction, an approximate 10 bill...
2008-08-13 09:44:15
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