Equipment
Posco freezes domestic prices
Korea's giant steel supplier Posco revealed that it had decided to freeze the prices for domestic goods for the first quarter of next year though the raw material prices, such as iron ore, still remain strong. This is because the cost impact trigg...
2010-12-30 10:31:26
STX orders drillship equip from STEP
STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from South Korea's STX Offshore & Shipbuilding to supply equipment for a new, dynamically positioned ultra-deepwater Globetrotter-class drillship. The owner of the ship is...
2010-12-30 09:16:07
$28.5m boost for Bangladesh shipbuilding
The booming shipbuilding industry in Bangladesh is set to get 2bn taka ($28.5m) refinancing fund as the central bank reviews the scheme at its board meeting. A Bangladesh Bank (BB) official said that the bank was keen to start funding the growing ...
2010-12-29 08:40:06
Chinese plates attack Korean market
Korea's shipbuilders seem to be expanding the imports of steel plates from China as they desperately need to reduce production cost with the ship prices staying in the 60% level of the highest point. Since Chinese steel plates are more than $100 ...
2010-12-29 07:15:53
Rising ship orders boost steel industry
As it is heard that Korean shipbuilders are continuously winning fresh orders for newbuilds, domestic steel manufacturers are making a big smile. The increasing new order intake of shipbuilders helps dispel steel businesses' concerns about overs...
2010-12-28 15:05:07
SAJ urges steel price cut
Takao Motoyama, chairman of the Shipbuilders' Association of Japan (SAJ) and, at the same time, Mitsui Engineering & Shipbuilding, revealed his plan to require price cuts from Japan's large steel companies, in SAJ's regular meeting last Tuesday. ...
2010-12-28 07:21:17
MAN wins propulsion deal in China
MAN Diesel & Turbo won a deal to provide the twin screw propulsion plants for two rescue vessels recently ordered in China. The two ships are building at CSSC GuangZhou HuangPu Shipbuilding for two of the Chinese Ministry of Transport’s rescue b...
2010-12-27 08:45:54
New ship orders jump 70%
The number of newbuilding orders placed this year is estimated to have reached 1,678 compared to just 976 last year. Clarkson Research Services said the higher numbers reflected an increased confidence in the market and only a modest increase in ...
2010-12-27 07:05:42
Korea to localize ship radar systems
Korea's 14 industry, university, institute and government organizations will join forces to develop localization of 'ship radar systems'. The cities of Ulsan and Busan, Hyundai Heavy Industries and several marine specialized universities and resea...
2010-12-24 12:04:24
Komeri signs MOU for cooperation
A memorandum of understanding for mutual cooperation was made Wednesday between the ship electronic equipment testing and certification center of Korea Marine Equipment Research Institute and the smart electronic components technical support center o...
2010-12-24 10:57:53
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