Equipment
MPI pens wind farm vessels
Dutch shipowner Vroon’s offshore wind turbine installation subsidiary MPI Workboats has inked another two vessels. The company said a firm contract for a wind farm support aluminium catamaran has been signed, with an option for a sister vessel ...
2010-05-25 08:12:07
Delivery delays to persist in China
The delivery delay situation that has hit China’s shipyards is not expected to improve in the short term given the persistence of excessive tonnage in the market and shipowners’ continued liquidity woes. In a statement released last Saturday, ...
2010-05-25 08:04:25
KOMEA-JASI clinch MOU
During the China International Marine, Port & Shipbuilding (CIMPS) Fair, the Korea Marine Equipment Association (KOMEA) signed a memorandum of understanding (MOU) with the Jiangsu Association of Shipbuilding Industry (JASI) on May 21st in Nanjing, Ji...
2010-05-24 06:34:30
Newbuild Prices Rising
Korean major shipyards are seeking a 10% to 16% increase in prices, signalling an end to a period of heavy discounting to revive the market. The move effectively closes the door on owners hoping to take advantage of rock-bottom prices and runs th...
2010-05-24 06:31:12
New round drought to storm China
Last week, China’s Ministry of Industry and Information Technology (MITT) issued relevant statistics of Chinese shipbuilding industry in the past four month. The output reached 18.6m dwt, rising by 94.9% against last year. The amount of new orders ...
2010-05-24 01:39:15
JFE seeks thick plate price hike: $900/t
Japan's JFE Steel Corp said it is seeking 10-20 percent rises in export prices for the July-September period to take advantage of decent demand for higher-end steel in Asia and to guard against rising material prices. The world's sixth-biggest ste...
2010-05-20 15:39:36
HMD inks 32-ship orders
Hyundai Mipo Dockyard has attained 43.1% of its annual order target this year, by winning 32-ship orders worth $990m by April end. It aims to receive $2.3bn worth of new orders in 2010. The Korean shipbuilder signed newbuilding contracts mostly wi...
2010-05-20 07:05:25
Lithuanian yard hit by slump
Lithuanian shiprepairer Vakaru Laivu Remontas (VLR) has seen its 2009 profit reduced dramatically in tough markets. The subsidiary of Western Shipyard said net profit slumped to LTL 2.06m ($743,000), from LTL 14.8m in 2008. Revenues more than...
2010-05-18 08:26:20
POSCO-CDPPC breaks ground
Korean steel giant POSCO held a groundbreaking ceremony for POSCO-CDPPC, a new plate facility in the Lingang Industrial Zone, which is located on Changxing Island, Dalian, China. "The operation of POSCO-CDPPC will greatly contribute to the competi...
2010-05-18 07:26:11
LR authorized to survey Japan ships
During a ceremony held in Tokyo, Lloyd’s Register was confirmed as the first foreign classification society to be formally authorised by the Japanese government to carry out surveys on ships flying the Japanese flag. Under Japanese legislation, Llo...
2010-05-17 06:57:11
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