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China's steel price 10% up
Chinese steel makers' 2Q supply price for steel plates has come to the end, which would affect Korean and Japanese steel producers playing a bitter tug-of-war with Korean large shipbuilders. According to industry sources released yesterday, Hyun...
2011-03-28 11:22:48
STXHI & KOSPO join forces for Iraq project
Korea's STX Heavy Industries (STXHI) and Korea Southern Power (KOSPO) will advance into Iraq's power project in cooperation. The two parts signed a MOU last Friday to conduct new order activities together for power generation facilities in Iraq. ...
2011-03-28 09:47:22
Cargotec wins Russian order
Cargotec has received an order from National Container Company (NCC), the leading container terminal operator in Russia, for five 7+ generation Kalmar CSC340 straddle carriers. The units will be deployed at First Container Terminal (FCT) located in S...
2011-03-28 06:55:18
IPK paints 2,000 newbuildings
Korea's ship-painter, IPK, has revealed that its 2,000th-painted new ship has been delivered. This record to paint 2,000 new ships has been made for the first time in the world ship-painting industry, and the 2,000th newbuilding is Hanjin Shippin...
2011-03-27 23:03:45
Hyundai-Steel increases production
Korea's Hyundai-Steel plans to steadily increase its market share in the shipbuilding steel plate market. The steel producer, for now, provides only small amount of steel plates to Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipb...
2011-03-25 11:01:35
OceanSaver launches 'Mark II' BWTS
OceanSaver recently announced plans to launch revolutionary next generation ballast water management technology. The Mark II technology realises OceanSaver’s strategy to roll out its high-end technology to different sized vessels. OceanSaver’s Ma...
2011-03-25 07:08:32
World's first Tier-III compliant engine rolls out
MAN Diesel & Turbo confirms that MAN B&W 6S46MC-C8 engine with integrated SCR fulfills the IMO’s strictest emission standards. The engine, an MAN B&W 6S46MC-C8 type capable of an output of almost 7 MW, was constructed in autumn 2010 by Hitachi Z...
2011-03-25 06:53:46
Posco increases production with price up
Korea's largest steel maker, Posco, has decided to increase emergency volume to replace Japanese steel products imported to domestic industry players. Plus, the steel maker seems to advance the price increase of steel products earlier than expec...
2011-03-24 22:06:02
Shipbuilding industry in Red
There are warning sings ahead for the profitability of Korean shipyards since newbuilding prices continuously fall while steel plates are expected to increase dramatically. According to the Clarkson Research Service and shipbuilding industry sour...
2011-03-24 11:27:57
LNG carrier design for ice operations
Class society ABS has been collaborating with South Korea’s Hyundai Heavy Industries (HHI) to evaluate the basic design and containment system parameters for an LNG carrier operating in an Arctic environment. Specifically the carrier would oper...
2011-03-24 08:13:34
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