Equipment
Samkang in “Dokdo” platform project
South Korea's Samkang M&T has won a KRW 3bn ($2.9m) contract to supply all thick steel pipes needed to build Dokdo marine science platform. Delivery is set by the end of February, 2012. The company specializes in thick steel pipes used in offsh...
2011-07-22 10:24:43
First Rise in Backlog
Global orderbook of newbuildings totalled 6,884 ships, 134m cgt, 270m gt or 429m dwt at the end of the first half of the year, marking the first increase month-on-month since September 2008 in cgt and gt terms. Clarkson Research Services said a hu...
2011-07-22 07:05:35
Hyundai-Steel expand Japanese market
South Korea's Hyundai-Steel is now boosting its profitability of thick plates for ship from Japanese market, which requests for complicated specifications. Hyundai-Steel, which began producing thick plates for ship last April, sealed the contract ...
2011-07-21 15:07:00
Daewoo builds 4G network
South Korea's Daewoo Shipbuilding & Offshore Engineering (DSME) builds LTE (Long Term Evolution)-based mobile office environment in the shipyard for the first time. DSME is now in a process of reexamining feasibility of introducing 4G LTE network ...
2011-07-21 10:30:55
Boxship orders to hit 2m TEU
Containership owners retained the upper hand in the newbuilding market, a far cry from the trend seen in the tanker and bulker arenas. That has left shipbuilders eager to land orders from liner operators who have signed contracts worth billions of...
2011-07-21 06:58:41
Wartsila orders increase
Finnish ship engine maker Wartsila announced its second quarter order intake grew by 5% to EUR 1,170 million. Q2 net sales decreased 8% to EUR 1,036 million, and operating result was EUR 117 million, or 11.3% of net sales. During the first half se...
2011-07-21 06:49:02
DSME, 100% shareholder
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) declared to buy 1.2m shares of its subsidiary, Samwoo Heavy Industries on July 20th. DSME's purchase is a part of securing future-value and investment to expand large propeller business...
2011-07-20 16:10:04
Thick plate imports jump: Korea
South Korea's thick plates imports have massively increased in this year, due to Korean big shipyards' new order boom. In the beginning of 2011, oversupply of thick plates was worrisome by POSCO, Dongkuk Steel and Hyundai-Steel's successive invest...
2011-07-20 10:17:56
Hyundai-Steel inks TMCP
Recently, Hyundai-Steel won an order for Thermo Mechanical Control Process (TMCP) thick plates from Hyundai Heavy Industries. South Korea's Hyundai-Steel said that it has finished developing high-valued TMCP thick plates for ships and started to s...
2011-07-20 09:51:13
Wartsila adds licence agreement
Wärtsilä Corporation, the marine industry's leading solutions provider, and CSSC Guangzhou Marine Diesel Co., Ltd. (GMD), a member of the state-owned China State Shipbuilding Corporation (CSSC) Group, have jointly signed a licence agreement...
2011-07-20 07:37:41
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