Equipment
Steel consumption to grow
Global steel usage is expected to increase by 5.9% in 2011 to 1.35bnt. The projected increase follows a 13.2% growth in steel usage last year, according to the World Steel Association (WSA). In 2012, world steel demand is forecast to grow by a...
2011-04-22 07:18:26
"Little effect of steel price hike"
Nam Sang-tae, President of Korea's Daewoo Shipbuilding & Marine Engineering and Chairman of the Korea Shipbuilders' Association, stated in a signing ceremony for a 'fair trade and joint development agreement' held on 21st that "The steel prices recen...
2011-04-22 06:38:42
Wartsila profits up
Wartsila’s first-quarter operating profit rose by 21% to EUR 113m, ($162m) compared to the same period a year ago. The Helsinki-listed company said net sales increased by 18% to EUR 1.08bn. The Finnish engineering and services company, whic...
2011-04-21 07:17:41
Daewoo-Napa develop Ship-Operation SW
Korea's Daewoo Shipbuilding & Marine Engineering has developed 'Napa-DSME Power' in cooperation with Finland's Napa Group, a ship-software specialist, and is rolling out earnest sales activities over the new sailing software. The ‘Napa-DSME Pow...
2011-04-21 06:25:20
Wartsila wins two big deals
Finnish company Warstila said it has signed a five-year maintenance supply contract with Royal Carribean Cruises and its subsidiaries. The agreement covers 29 vessels with an option to add more vessels in the future. Wartsila has also won a contr...
2011-04-20 06:46:03
Yards spooked by price hike
Korea's largest steel producer, Posco, has decided to increase the domestic steel plate price by 16.8% from KRW 950,000 ($871) to KRW 1.11m per ton. Regarding the price advance, many express their concerns about the deterioration of shipbuilding ...
2011-04-20 05:49:48
POSCO ups steel prices
POSCO finally announced today that it will hike prices for major steel products such as hot-rolled steel, cold-rolled steel and thick steel plates by KRW 160,000 ($146.4) per ton as of April 22nd orders. As the South Korea's largest steel maker de...
2011-04-19 12:28:38
Japanese strong recovery
Japanese export ship orders made a strong recovery in fiscal 2010, which ended on March 31, after sinking at their fastest pace in 17 years in the previous fiscal year. According to figures released by the Japan Ship Exporters' Association, order...
2011-04-19 11:54:18
S&M boxship orders rise
Newbuilding orders for smaller containerships of around 1,800 teu are gaining momentum. London broker Clarksons reported four deals in its weekly Shipping Intelligence Weekly publication. Greece’s Eastern Mediterranean Maritime is understood ...
2011-04-19 07:09:16
New shipbuilding complex in full swing
The shipbuilding industry complex development of Galsa Bay based on Hadong District in Korea, a core complex of Gwangyang Bay Free Economic Zone, seems to be in full swing. A joint project agreement for the development plan was made on 14th. T...
2011-04-18 06:26:41
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