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Equipment
China's Furture: M&A
‘As is estimated, the newbuilding output of 3,000 to 4,000 Chinese shipbuilders is just as many as that of Korean top 4 yards roughly,’ said Chen Qiang who is Chairman of Rongsheng Heavy Industries Group. ‘The merger and acquisition will be ...
2010-04-06 12:39:47
APM 2010 sets new record
Asia Pacific Maritime (APM) 2010 set another record when it ended on 26 March at the Singapore Expo – attendance registered a 39 per cent growth to 9,821 visitors compared to the previous show in 2008. This came on top of a 25 per cent expan...
2010-04-06 09:13:06
Hamworthy orderbook down 40%
Shares in UK-listed Hamworthy fell by as much as 7% on Thursday after it reported a 40% decline in its orderbook. The UK marine equipment manufacturer said its orderbook at the end of February 2010 was £163m ($249m) against £270m a ye...
2010-04-05 07:30:43
Vale inks quarterly deals
Mining behemoth Vale has signalled a major shift in the dry-bulk market by striking quarterly iron ore pricing contracts with most of its customers. The Brazilian outfit hinted in Thursday’s stock exchange announcement that some of the contract...
2010-04-05 07:28:08
Cruiseship Symposium by Koshipa
Symposium of "Cruise/Passenger Ship Interior Workforce Development Plan" hosted by the Korea Shipbuilders' Association (Koshipa) and sponsored by the Ministry of Labor and Human Resources Development Service of Korea as a part of Innovation Center f...
2010-04-05 07:11:58
Mosvold to cancel giant order
The clock is ticking on the contractual cancellation date of the first of four Mosvold Supply ultra-large anchor-handlers. Mosvold Supply's first ultra-large anchor-handler is all but officially cancelled as the shipowner starts the process of is...
2010-04-02 08:47:08
Synopex to supply KRW2bn engine parts
Synopex Greentech of Korea announced on Mar. 31st that it contracted with Doosan Heavy Industries & Construction (DHIC) to provide ship engine parts for around KRW 2bn (USD 1.77m). Contracted part is crank shaft which is the key component of ship ...
2010-04-02 07:33:33
Steel Price Hike 'Fait Accompli'
Entire industrial circles including shipbuilding is on emergency alert due to a great increase in steel manufactures prices. Korean steel makers are planning to raise its products price along with the recent 90% increase in raw materials prices i...
2010-04-02 07:24:38
MHI Completes "STG System"
Mitsubishi Heavy Industries, Ltd. (MHI) has completed its first unit of the "STG (Super Turbo Generating) System," a marine-use, high-efficiency, combined power generation system that utilizes waste heat and the exhaust gas from diesel engines. I...
2010-04-01 10:29:12
POSCO accepts iron ore price 90%↑
It was reported that Korea's largest steel maker POSCO has temporarily agreed on raising iron ore price by 90% compared to last year with an iron ore giant Vale of Brazil. POSCO also reportedly tentatively agreed to change iron ore pricing period...
2010-04-01 07:27:29
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