Equipment
China steelmakers seek Russian ore
It is reported that China steel mills are looking for Russian iron ore mines, in a further bid to diversify from their dependence on the global Big Three miners. There are three or four China steelmakers concerned in the buying of a mine under Al...
2010-05-07 08:08:33
Samsung-Posco develop new WT
Korea's Samsung Heavy Industries and Posco joined forces to develop new concept of wind turbine (WT) tower. The world's No. 4 steelmaker Posco said on Thursday that it signed a framework contract with the major shipbuilder on April 28th to jointly...
2010-05-07 07:07:37
'3S' Need Cooperation
Cooperation and concerted action among shipbuilding, shipping and steel companies are required, Korean industry experts point out. The '3S' industries are backbone of Korean economy. Posco is the world's No. 4 steelmaker, Hyundai Heavy Industries,...
2010-05-07 07:02:11
Fincantieri inks cruiseship duo
Carnival Corporation has finalized contracts with Italy's Fincantieri shipyard for the construction of a previously announced pair of cruiseship newbuildings. The US-based cruise outfit says the two 3,600-pasenger ships will be operated by its s...
2010-05-06 07:30:09
Samkang inks offshore WT jacket
Korea’s steel pipe manufacturer Samkang M&T, which is aggressively seeking to advance into offshore plant market, said on Tuesday that it has signed a contract with compatriot Doosan Heavy Industries & Construction to supply ‘jackets’ to be ins...
2010-05-04 11:53:11
HHI joins KSP acquisition bid
Korea's and world's largest shipbuilder Hyundai Heavy Industries is reportedly planning to acquire KSP, compatriot ship engine valve manufacturer. KSP had announced on April 26th that it would launch a competitive open bid for its paid-in capital ...
2010-05-04 10:11:42
SBM wins WT vessel design
SBM Offshore N.V.'s subsidiary SBM-GustoMSC has signed a contract with Dubai based Lamprell Energy for the design of two wind turbine installation jack-up vessels. Additionally SBM-GustoMSC received orders from the shipyard for the supply of the...
2010-05-04 08:55:27
'Bottom Fishing' Era Passed
Far Eastern shipyards are calling time on a run of price discounting in response to a significant upturn in steel costs. It now seems that shipowners looking to pick up cheap newbuildings from reputable yards have missed the boat. South Korea...
2010-05-04 07:33:22
Korea ship exports hit $4.23bn
The Ministry of Knowledge Economy of Korea said Monday that the nation's exports in April jumped by 31.5% year-on-year to $39.88bn while imports soared by 42.6% to $35.47bn. Korean economy's April trade surplus stood at $4.41bn, which is higher th...
2010-05-04 06:32:03
"Nuclear-driven boxships coming"
Nuclear-powered deepsea containerships that would only need re-fuelling every five years or so could eventually replace today’s conventional oil-dependent vessels. “The day will come,” Germanischer Lloyd’s executive board member Hermann K...
2010-05-03 08:34:38
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