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GL Focus: New online service
Germanischer Lloyd (GL) has recently introduced a new online service: GL Focus - Regulatory and Technical Update. GL Focus offers comprehensive and timely information on new maritime regulatory developments from the International Maritime Organiza...
2012-01-19 07:10:31
Thick-plate price nego "in pain"
South Korean shipbuilders and steel makers are in a tug-of-war over marine thick-plate price. Standard price for marine thick plate is KRW 1.11m ($964) per ton, at present, while it is known that POSCO sell at KRW 1m, Dongkuk Steel and Hyundai-Ste...
2012-01-18 11:37:01
Samkang offshore beneficiary
South Korea's Samkang M&T would reap the benefit from Big three's rally in new order for offshore plant. Analyst Han Byung-Hwa, Hyundai Securities said on 17 January, "Samkang M&T's profits now turning around by increase in demand for offshore-pl...
2012-01-18 10:36:16
PANASIA record-high BWTS order
South Korea's PANASIA inked its New Year's first ballast water management system for a bulker, to be built at a Japanese yard. PANASIA's BWTS GloEn-Patrol™ recorded new order for 124 vessels and delivery for 35 vessels in 2011. Since commerci...
2012-01-18 10:08:29
Shell lists Korean vendors
Busan, South Korea's second largest metropolis after Seoul, announced on 17 January that the Ministry of Knowledge Economy and Shell of the Netherlands would sign a memorandum of understanding, in early next month, to enroll Korean marine equipment m...
2012-01-17 12:25:15
ONGC tender delayed again
A twice-delayed newbuilding tender put out by India’s state-owned Oil & Natural Gas Corp (ONGC) has been postponed yet again. The tender, which is for the building of a new well-stimulation vessel to replace the 7,880-bhp Samudra Nidhi (built 19...
2012-01-17 07:53:53
POSCO mulls GTT bid
South Korean major steelmaker POSCO said it might consider teaming up with domestic shipbuilders in a 1 billion euro ($1.3 billion) bid for French engineering company GTT, Reuters reports. The takeover of the maker of cargo containment systems fo...
2012-01-17 07:26:40
GTT Consortium: How to invest?
As France's GTT's sell-off is getting heated, South Korean consortium's activity is also attracting market attention. Participated shipbuilders' investment rate and according role in the consortium should all be satisfactorily agreed. Beforehan...
2012-01-16 11:54:55
GTT sale heated
Around 30 parties are understood to have expressed an interest in buying French LNG carrier containment-system designer GTT. Potential buyers in the US, Europe, Asia and the Middle East are said to include both financial bodies, including large p...
2012-01-16 08:02:51
POSCO, "Still far from price cut"
President Choi Jong-Tae, POSCO revealed, "POSCO has no plan to decrease thick-plate price in the first quarter," on 12 January. South Korean shipbuilders requested domestic steel makers, POSCO, Dongkuk Steel, Hyundai-Steel, etc., for price cut, do...
2012-01-13 12:31:13
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