Equipment
Noreq signs new orders with HHI
The last couple of weeks have been very uplifting for Noreq AS, with several big contracts being signed - worth a total of NOK 22m ($3.6m). In addition to the size of these contracts Noreq has managed to enter new important markets. The Norweg...
2010-09-07 06:58:12
China yacht industry to soar
As Chinese economy grows rapidly, China enters ‘Yacht Time’. If government issues relevant policies, Chinese yacht economy growth will be pushed further. According to international convention, the yacht economy will begin to soar when average ...
2010-09-06 01:07:43
Fluctuation and recovery
Zhang Liang, who is General Manager of COSCO, said on August 30th that personally he kept optimism on the shipping market of 2010. As is summarized by his words, firstly the shipping capacity was increased. Secondly the freight rate fluctuation o...
2010-09-03 01:04:09
Posco boosts plate production
Posco is about to complete new steel plate factory in Gwangyang this month and steel plate supply shortage problem in South Korea is expected to be resolved. Some even worry that over-supply situation could come if new facilities start production ...
2010-09-01 13:02:43
Wartsila wins LNG switch
Wartsila has signed a turnkey contract to convert a Swedish-owned product tanker to LNG propulsion. The Finnish engine builder will also supply the first installation of its LNGPac system for the storage of LNG onboard the ship. The 25,000-dwt Bi...
2010-09-01 08:38:15
Hamworthy wins FPSO pump order
Hamworthy, the marine and offshore fluid handling systems specialist, has secured a key reference in Brazil’s growing offshore market, following the award of the contract to supply pumps and pump systems for the Papa Terra FPSO by BW Offshore. ...
2010-08-31 11:55:45
Japan starts Q4 plate export talks
Japan's integrated steelmakers are expected to start negotiations shortly on their exports of ship plates to South Korea for October to December 2010 quarter shipments. They finished negotiations last week at long last on their ship plate exports...
2010-08-31 08:39:00
China to survive disaster
Chinese shipbuilding industry, which experienced disaster in 2009, faced flourish in 2010. According to statistics, in the first seven months Chinese new orders were the 4.2 times of that in last year. ‘We survived disaster and the orderbook is ...
2010-08-31 01:06:02
Korean yards sew up Japanese steel plate nego
South Korean shipbuilders won the months-long negotiations with Japanese steel makers on shipbuilding steel plate prices for the July-September period. Industry sources say Hyundai Heavy Industries have finalized the negotiations with Nippon Steel...
2010-08-30 12:47:47
STX buys Canadian gas block
South Korea's STX Energy has acquired a 100% stake in Maxhamish gas production block, located in northwest of Canada, for $152m from Canada's EnCana. The gas field's reserve is estimated at 120bn cubic feet. STX Energy expects the block to prod...
2010-08-30 07:23:04
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