MOL, newbuilding of 10 container ships [Shipbuilding]
Mitsui O.S.K. Lines (MOL, Japan) decided to place an order for building 10 container ships (5600TEU). Hyundai Samho Heavy Industries (HSHI, Korea) will construct the vessels and the construction will be completed in 2011~2012. Bernhard Shulte (Ger...
2008-08-12 09:21:30
Imabari (Japan) receives an order for two ore carriers [Shipbuilding]
Mitsui O.S.K. Lines (MOL, Japan) decided to place an order for new construction of two ore carriers (320,000dwt) at Imabari Shipbuilding (Japan). The two ships are known to be delivered in 2014. MOL determined to invest in them, expecting an incre...
2008-08-12 09:20:13
CSE (Taiwan) plans to increase its fleet [General]
China Steel Express (CSE), the largest shipping company in Taiwan, is reportedly planning to enlarge its fleet (mainly Capesize bulkers). CSE is a shipping subsidiary of China Steel Corporation (CSC), the biggest iron and steel company. According to ...
2008-08-12 09:18:35
Newbuilding cost continues an upward trend for the consecuti... [Finance]
Lately, despite the seasonal factors coupled with the industry-wide concerns, following a cancellation of shipbuilding order, the newbuilding cost appears to be sustaining an upward trend. With the newbuilding index showing the upward trend for th...
2008-08-11 19:03:27
DSME’s new owner is to be determined in October [Finance]
Daewoo Shipbuilding & Marine Engineering’s takeover process is gaining a momentum. The new owner who is poised to takeover Daewoo Shipbuilding & Marine Engineering is to be determined by forthcoming October this year. Korea Development Bank p...
2008-08-11 19:00:06
Seko Heavy Industries win orders for 16 units of 34K class b... [Shipbuilding]
Seko Heavy Industries is seen to be clinching orders for handy-size bulk carriers one after another. Starting with German MPC Steamship GmbH this year, it is known to be winning total 16 units of 34,000dwt bulker from in and out of countries, the ...
2008-08-11 13:38:35
Shipbuilding Industry strengthening competitive edge with IT [Equipment]
Shipbuilding industry is actively pushing for the introduction of Information Technology (IT) in order to boost production capacity and competitive edge. According to the shipbuilding industry, there are active Information technology (IT) introduc...
2008-08-11 11:59:42
Wärtsilä-Hyundai gets an order for const... [Equipment]
Wärtsilä-Hyundai Engine Company, a joint-venture company between Wärtsilä and Hyundai Heavy Industries, received an order for construction of engines for four vessels. The order calls for 16 Wärtsilä 50DF dual-fuel en...
2008-08-11 09:10:53
KOSHIPA asserts fears that shipbuilding industry is in decli... [General]
“Look at those backlogs that Korean shipyards have bagged. Worries that Korean shipbuilding industry is in decline are groundless,” Han, Jang Sub, full-time vice president of Korean Shipbuilding Association (KOSHIPA) denied the worries, stressing...
2008-08-11 09:09:25
Hanjin reaches wage collective agreement without strike [General]
Labor and management of shipbuilding division of Hanjin Heavy Industries & Construction (HHIC) on August 7 revealed that they had reached wage collective agreement for this year. The labor and management agreed to increase basic pay by KRW 85,000,...
2008-08-11 09:07:55
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