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Korean ship exports rose in May
Korea posted a trade surplus of $5.3bn (for consecutive 28 months) in May this year as exports declined 0.9% month-on-month to $47.9bn while imports increased 0.3% m-o-m to $42.5bn during the month. The Ministry of Trade, Industry & ...
2014-06-10 17:06:16
Major Chinese NB sales, ‘up’
Since this year, major Chinese yards have inked increasing newbuilding orders. According to the China Association of the National Shipbuilding Industry (CANSI), during the first four months of this year, newbuilding order intakes penned by...
2014-06-02 17:28:19
Chinese yard profits growing
In the year to April, the complete industrial gross production value of the China’s 87 shipbuilding and its related companies which are subject to be monitored were seen to go upwards by 8.6% year-on-year to CNY 116.8bn ($18.7bn). Of w...
2014-06-02 17:25:50
"No future for Korean offshore?
Somewhat aggressive industrial analysis is suggested, “There is no future for Korean offshore industry.” The analysis points out that ‘Long-term investment in a core sector’ is essential for the future of offshore industry and the sect...
2014-06-02 17:24:48
Chinese NB order uptrend
It has turned out that Chinese shipbuilding industry showed uptrends in newbuilding order volume and orderbook with downtrend in newbuilding delivery in this year to April. Its major economic indicators have also experienced stable recovery trend. ...
2014-06-02 17:23:38
"Korea sucks up LPG contracts"
On the back of shale-gas development boom, global demands for newbuild gas carrier are increasing and Korea is said to be dominating a booming newbuilding market for high-value LPG carriers. A total of 115 LPG carriers were newly ordered last ...
2014-06-02 17:22:00
VLCC NB price to fall again?
Having been in uptrend and reached $100m level, newbuilding price of Very Large Crude Carrier (VLCC) is said to seem to fall again. CEO Jens Martin Jensen of New York-listed and large crude tanker operator Frontline said through its 1Q result ...
2014-06-02 17:19:41
Strong growth for 'Subsea Hardware' market
London, UK, 22nd May, 2014, Douglas-Westwood (DW) forecasts global subsea hardware Capex will total $117 billion (bn) between 2014 and 2018 in its 4th edition of the World Subsea Hardware Market Forecast. This represents growth of more tha...
2014-06-02 17:16:53
Chinese yards improvement in 1Q
Amid the recent surge in newbuilding orders, Chinese shipbuilders’performance is also showing improvement. According to data from Securities Daily of China, among listed companies in shipbuilding industry located in Shanghai and Shenzh...
2014-06-02 17:15:00
China eyes to be maritime leader
A research and investigation team led by Sun Gan, a subcommittee director for proposals of Chinese People's Political Consultative Conference (CPPCC) National Committee, turned out to have conducted research and investigated the recent pending pr...
2014-06-02 17:12:55
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