US’s credit crunch weighs on Japanese vessel finance [Finance]
Japanese ship financial market is reported to have been shrunken stemming from the U.S. financial credit crunch, which has been projected as having a relatively advantageous condition such as financial soundness. According to foreign press source...
2008-07-25 10:17:42
NYK orders two soybean-meal carriers [Shipbuilding]
NYK Line (Nippon Yusen Kaisha) is planning to place order for construction of the ships which will transport only soybean meal, for the first time in the world. NYK Bulkship (Atlantic), NYK’s Belgian subsidiary ordered construction of two ships ...
2008-07-25 10:02:48
POSCO Leaps to No.1 spot in steel plate sector [Equipment]
POSCO leaps to the No.1 spot in the world ranking in the steel plate manufacturing sector by embarking on constructing a steel plate plant in Gwangyang. POSCO embarks on building a 2 million ton-a-year steel plate plant in Gwangyang mill. With th...
2008-07-24 11:56:04
Shipbuilding Industry’s concentrated second half orders [Shipbuilding]
Regarding the shipbuilding industry, a rush of ship-building order is expected to be concentrated in the second half of 2008. Jang Geun-ho, a researcher in Hana Daetoo Securities Co said, “China’s recent delivery delay, amid increasing ship-b...
2008-07-24 11:54:51
DSME Eye Highly Profitable Vessel [General]
Daewoo Shipbuilding & Marine Engineering posted 2625.7 billion won in profits in the second quarter of 2008, up 52 percent from a year earlier, and up 152 percent increase to 189.6 billion won in operating profit during the same period. Its earni...
2008-07-24 11:52:24
Korea Small & Medium Size Shipbuilders advance despite decre... [General]
Korea’s small and medium size shipbuilders appear to make advancement in the ranking of backlog of orders despite the ongoing decrease in ship-building orders all over the world. According to Clarksons, a leading provider of integrated shipping...
2008-07-24 11:48:01
HHI, no dispute for the 14th consecutive year [General]
Labor and management of Hyundai Heavy Industries(HHI) have provisionally reached an agreement on wage and other clauses, which means they have had “no dispute” for 14 years between them. HHI on July 21 came to an agreement on increasing wage by ...
2008-07-23 23:08:41
WIG, Making a first appearance as of Sept in Shinan [General]
A Wing-In-Ground Effect Ship (WIG Craft) which is commercialized for the first time in the world, makes a first appearance as of September in Shinan South Jeolla Province. The plant for constructing next-generation high speed WIG Craft is to be p...
2008-07-23 11:00:19
STX Shipbuilding, Getting approval to buy remaining stake in... [General]
STX Shipbuilding Co. said in a regulatory filing with Oslo Stock Exchange that STX Shipbuilding gets an approval to acquire a 59.6% stake in STX’s affiliate, Aker Yards ASA of Norway through a tender offer as of July 21st. The tender offer is g...
2008-07-23 10:59:51
Big Three, Surpassing offshore plants goal [General]
Big Three, Surpassing offshore plants goal With the increasing demand for offshore plants stemming from high oil prices, big three shipbuilders are expected to surpass the goal of orders this year. Since the orders are mostly oil drilling ship...
2008-07-23 10:59:29
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