Equipment
IPK awarded 'Workplace Innovation'
South Korea's marine and protective coatings maker, International Paint Korea (IPK) won the great innovated workplace during '2011 Workplace Innovation' held on 11 November. Workplace Innovation has started from 2009 to enhance company competitive...
2011-11-15 11:56:06
Hanjin wins PKG
South Korea's Hanjin Heavy Industries & Construction made public on 14 November that it was chosen as the preferred bidder for newbuilding patrol killer guided missiles (PKG). Three PKGs are newly ordered from Defense Acquisition Program Administrati...
2011-11-15 09:44:27
Vinashin sued on repayment
Vietnamese state-owned shipbuilder Vinashin is facing a lawsuit in London linked to bond repayments. The yard group, which has been restructured after racking up debts of more than $4bn in 2010, is being sued by a company call Elliott VIN Netherl...
2011-11-15 07:27:57
'Smart Ship' new growth
Hyundai Heavy Industries' 'Smart Ship' becomes a new growth engine to winning new order. South Korea's Hyundai already booked 68 smart ships, being integrated IT into ship, and forecasts that a total of over-70 smart ships would newly ordered in ...
2011-11-15 06:58:55
LNG-carrier equipment boom
New order contracts for equipment of LNG carrier begin to increase as well, following large amount of newbuilding order for LNG carrier booked this year. South Korea's FINETEC made noticed on 11 November that it contracted with Hyundai Heavy Indus...
2011-11-14 09:56:48
Macduff provides design for Pella
In November 2011, Macduff concluded a contract with the Leningrad shipyard "Pella" to provide a complete Design & Drawing package for an advanced design 47.5m Autoliner. Featuring a moon pool and a comprehensive processing deck the vessel will be...
2011-11-14 07:17:22
US LNG export profits Korean
Recently contracted LNG export of the US would increase new order for LNG carrier, further benefiting Korean shipbuilders. Shinyoung Securities of South Korea maintained 'overweight' opinion for yards and picked Hyundai Heavy Industries as a prefe...
2011-11-11 12:34:24
Mitsubishi-Imabari tie up
Japan's Mitsubishi Heavy Industries is requested for newbuilding operations from Imabari Shipbuilding. Imabari's two 38,000-dwt newbuilding bulkers inked by Japanese shipping company would be built at Mitsubishi's Shimonoseki yard. It took abou...
2011-11-11 10:24:21
SSC to buy new PCTC
Singapore Shipping Corp is “on the look-out to acquire additional vessels with long-term charters to expand the business,” the company said. In its earnings release the company said: “Principal ship-owning business is stable as our vessels a...
2011-11-11 07:47:05
Kawasaki inks offshore propellers
Kawasaki Heavy Industries of Japan inked orders for controllable pitch propeller, to be equipped in a total of seven vessels, five from Samsung Heavy Industries of South Korea and two for STX Offshore & Shipbuilding. These shuttle tankers, with de...
2011-11-10 11:39:06
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