Equipment
Hyundai-Steel boosts plate production
As Korea's Hyundai-Steel has lifted its production target of shipbuilding steel plates for this year to 1.5m tons from 1m tons of last year, the market, which has been dominated by two steel giants, Posco and Dongkuk Steel Mill, is being reorganized ...
2011-01-06 07:35:49
Road map for plants localization
A concrete road map to raise competitiveness in the global market to a higher level by localizing core plant equipment has come out in Korea. Ministry of Knowledge Economy (MKE) established and announced 'countermeasures for strengthening the com...
2011-01-06 07:30:11
Happy 2010 for Chinese
2010 was definitely a happy year for most Chinese shipbuilders. Jiangsu Yangzijiang Shipbuilding was one of them. In the first eleven months of 2011, Yangzijiang delivered 45 ships while the output of Jiangsu Province reached 19.86m dwt, which ex...
2011-01-05 10:13:35
Blohm+Voss opens Singapore unit
Blohm + Voss Industries has opened its own sales and service branch in Singapore at the beginning of 2011. This expansion into the Asian market proves that the manufacturer of ship components recognizes the strong growth potential in this region. ...
2011-01-05 08:34:13
Korean retake No.1
Many raise a prospect that Korean shipbuilders, which have been quantitatively no match for Chinese yards, would beat Chinese counterparts to take the world No.1 position with future environment regulations being enhanced and high oil prices continui...
2011-01-05 07:07:29
Doosan Engine surges on KRX debut
Doosan Engine, the world's second-largest marine engine maker, surged on its trading debut in Seoul today as increasing world trade stokes demand for new ships. The company gained as much as 33% from the sale price of 19,300 won and traded at 24,0...
2011-01-04 12:31:31
Hellas owners reclaim No. 1 in S&P
Eased ship financing environment coupled with low ship prices resulted in a busy year in terms of secondhand vessel acquisitions in 2010. After a one-year break during 2009, Hellenic shipowners regained the number one status of ship investors, surpas...
2011-01-04 08:39:03
MAN powers new Chinese rescue ships
In a prominent contract involving two large rescue ships, MAN Diesel & Turbo is to supply two twin-screw complete propulsion packages based on its latest MAN L48/60CR engines, Renk RSHL reduction gears and newly designed Alpha Mk 5 propellers. The tw...
2011-01-04 07:03:27
GS won't acquire Daewoo
Korea's GS Group uncovered on 30th December 2010 that some alleged rumors of its acquiring Daewoo Shipbuilding & Marine Engineering are groundless. One official from GS said, "we do not internally examine taking over Daewoo at all." "Instead, we w...
2011-01-03 12:36:02
Demolition volume falls
The number of old ships sold for demolition is set to end 2010 well down on 2009, says EBM Shipbroking. Its records show that by mid-December 2010 a total of 748 vessels of 25.58m dwt and 6.64 m ldt have been sold. This compares with EBM’s ...
2011-01-03 07:09:52
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