Equipment
Northrop Grumman grabs $480m order
Northrop Grumman Corporation reports that the U.S. Coast Guard has awarded its shipbuilding sector a $480 million fixed-price incentive contract for construction of a fourth National Security Cutter (WMSL 753). Construction and delivery will be p...
2010-12-02 07:44:49
Chinese faces cost rising
China Association of the National Shipbuilding Industry (CANSI) issued monthly report on November 30th that Chinese shipbuilding industry faced severe problems this year such as labor cost rising, CNY appreciation, and material price surging. The ...
2010-12-02 01:10:10
Chinese marry Korean makers
Korean marine equipment manufacturers are rushing into Chinese shipbuilding market. Currently China takes the first place in terms of new orders and output but the localization of marine equipment in China is extremely low. It seems as an opportunity...
2010-11-30 01:11:26
Seminar on 'Offshore Plant Equipment Localization'
The importance of localization of offshore plant equipment is being highlighted these days as there has been an increase in new orders placed at Korea's large shipyards for offshore plants, led by the vitalization of marine resources development worl...
2010-11-29 07:30:18
CSSC and Sinosure cooperate
On November 22nd, China State Shipbuilding Corporation (CSSC) signed strategic cooperation agreement with compatriot China Export and Credit Insurance Corporation (Sinosure). Before the signing ceremony, General Manager Tan Zuojun of CSSC and Gene...
2010-11-29 01:23:20
STX buys ship-block manufacturer
The board of directors of Korea's STX Offshore & Shipbuilding decided to buy the entire shares (321,360) in Hyukshin Machinery, a compatriot ship-block manufacturer, for KRW 39.2bn (about $34m), STX announced in a stock exchange filing on November 23...
2010-11-26 08:45:53
Tiete builds 20 convoys for Petrobras
Petrobras has finalised the terms of a $239m contract tied to the construction of 20 tugboats and 80 barges in Brazil. The state-controlled oil giant's tanker arm, Transpetro, which awarded the deal to the domestic Estaleiro Rio Tiete shipyard ba...
2010-11-25 07:25:25
Korean Uni. sets up Cruiseship Interior major
Recently, Korea's shipbuilding companies have been getting warmed into entering the cruiseship newbuilding market. Taking this atmosphere, Korea's Doowon Technical University College has newly set up a major of Cruiseship Interior in the division...
2010-11-23 08:36:35
Reliance nearing an order for capesizes
Indian utility owner Reliance Power is said to be close to placing an order for capesize bulkers that is bigger than earlier expected. Sources say it will book six capesizes plus options at a Chinese yard. Officials at the Anil Dhirubhai Ambani g...
2010-11-23 07:22:07
Chinese coal player to order more
China's state-owned coal player Guangdong Yudean is set to return to the newbuilding market. Guangdong Yudean aims to control a fleet of 2.11 million gt by the end of 2012, according to local media reports. It currently has a fleet of just over 1...
2010-11-23 07:17:04
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