Mid-size tanker price rise
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...
Daehan to ask orderer for financial support
South Korea’s Daehan Shipbuilding is reportedly asking ship-orderer (owner) to pay part of ship price earlier. According to foreign news sources, the yard seems to be having a financial difficulty owing to the increase in ship equipment and mate...
Mounting doubts on HHI
With Hyundai Heavy Industries(HHI)’s emergence in Daewoo Shipbuilding and Marine Engineering(DSME)’s bidding battle as an another hopeful contender in acquiring the majority stake in DSME, a fierce four way battle appears to be entering a more di...
Chinese shipbuilding industry’ s earning rate dwindled sha...
Chinese shipbuilding industry appears to be hit by steel plate price hike and weakening dollars. As a result of a series of Chinese listing shipbuilders’ report of closing accounts for the first half year or fiscal year 2007 result, it shows a d...
HHI to expect synergy effects in LNG carrier and offshore se...
According to a prospect, if Hyundai Heavy Industries (HHI) acquires Daewoo Shipbuilding & Marine Engineering (DSME), South Korean shipbuilding industry’s monopolistic strength on certain types of ships in the world will increase. If HHI buys DSM...
Hyundai Heavy Bid for Majority Stake in DSME
The deadline for letters of intent in the bidding for a majority stake in Daewoo Shipbuilding and Marine Engineering passed 27th. POSCO and the world’s largest shipyard Hyundai Heavy Industries Co., along with energy-and construction-focused conglo...
Shipbuilding industry is in urgent need to restore confidenc...
An analyst at LIG Investment Securities, Kim Hyun said regarding shipbuilding market’s shares, “In my opinion, attributing the negative factors such as the latest stock market’s fluctuations and foreign investors’ selling spree to the shipbui...
Shipbuilding industry is to enter a declining trend in 2010
According to Japanese Iron & Steel newspaper, in light of a large scale of bulk vessel’s construction which transports iron ore, coal and grain, shipbuilding market’s expected downturn, what is called ‘ 2010 crisis’ is looming large. Vesse...
Listed Chinese shipbuilders’ profit drop
Chinese shipbuilding industry appears to post weaker-than-previous earnings due to high oil prices and weakening dollars. According to foreign press, Jiangsu Yangzijiang Shipbuilding Co listed in Singapore stock exchange, sales revenue for the fir...
DSME’s labor union crafted bid contenders’ qualification
All eyes were turned to Daewoo Shipbuilding & Marine Engineering (DSME)’s labor union’s recent movement in drawing up bidding contenders qualifications. In the wake of the state-run Korea Development Bank(KDB)’s public notice of DSME’s sal...
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