Equipment
Wartsila seeks lay-offs
Finnish ship engine maker Wartsila is temporarily laying off up to 900 workers as demand wanes. The jobs will go at its Vaasa plant as it seeks to cut production levels. The company said it would start negotiations about the redundancies on Tuesd...
2010-04-13 08:28:42
How iron ore price hike will affect?
How much effect the rise in raw materials prices, particularly iron ore, will have on newbuilding prices in the future is becoming an issue in the industry. According to related industry sources on Apr. 11th, POSCO of Korea and Nippon Steel Corpor...
2010-04-13 07:15:37
'Hope' found: Korea marine suppliers
Shipbuilding equipments manufacturing companies and shipbuilding equipments specialized export trading corporations of Korea met together for the first time and held an export fair to find the hope of 'symbiosis'. 'Shipbuilding Equipments Export F...
2010-04-13 07:13:42
Daeyang moves HQ to Dalian
Korea’s Daeyang Shipping has located its headquarters in Dalian, China. A signing ceremony was held recently in Dalian. This is the first ‘headquarter’ lying in Jinzhou New District area. This event will push the Dalian’s establishment...
2010-04-12 14:14:24
Hyundai Steel rolls out first shipbuilding plate
Hyundai Steel, South Korea's No. 2 steelmaker following Posco, said Monday that it has started commercial production of heavy steel plates for shipbuilding at its new plant in Dangjin, South Chungcheong Province, South Korea. The new plant in Dan...
2010-04-12 13:43:08
Jingsui to win boat orders from Chile
"The Chilean government urgently ordered 150 boats from China after earthquake broke out. We are among candidates to share," said a representative from Jingsui Group on April 10th 2010. As is reported earlier, an 8.8 earthquake hit Chile on Februa...
2010-04-12 12:37:37
Samho orders hatch covers from MacGregor
In February this year Samho Shipbuilding of Korea confirmed an order with Cargotec for a series of folding weatherdeck hatch covers for six 32,000-dwt bulk carriers. This follows a contract from December 2009 for 24 MacGregor cranes on the same ve...
2010-04-09 15:45:48
SHI to secure more green patents
Samsung Heavy Industries of Korea recently said it will acquire about 1,000 more patents by investing 500 billion won (445 million U.S. dollars) in the development of eco-friendly shipbuilding technologies by 2015. The company holds 1,000 patent ...
2010-04-09 08:15:30
Iron clash sparks dry concerns
Bulker rates are falling under pressure this week as Chinese steel groups push for a two-month boycott on iron ore imports, an analyst said Wednesday. China Iron and Steel Association (CISA) and the China Chamber of Commerce and Metals (CCCMC) ha...
2010-04-08 08:39:12
Rise in steel prices uplifts yards
Increasing steel price is expected to act as a bullish factor for shipbuilding industry's stocks in the future. Lee Seok-jae researcher of Seoul-based MiraeAsset Securities said, "Increasing price of steel and iron ore is the most favorable factor...
2010-04-07 07:12:22
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