General
Daewoo backlog down
Daewoo Shipbuilding & Marine Engineering's order backlog stood at $33.8bn as of the end of December 2010, down $1bn from a year earlier. Newbuilding orders it secured last year came in at 78 vessels worth $10.3bn, the fourth largest level ever. ...
2011-01-13 08:00:10
Hanjin notifies layoff
Korea's Hanjin Heavy Industries & Construction submitted a layoff list including 290 production workers to Busan Ministry of Employment and Labor yesterday morning. It also sent the layoff notice to the 290 workers by mail. The number of 290 ...
2011-01-13 07:30:45
2011 CIMPS Pre-registration Launched
Pre-registration system of 2011 CIMPS has launched on the website, www.china-ship.com. Pre-registration online can enjoy the following: ★ Priority access to information of exhibitors, exhibition related meetings and other events. ★ Get the visit...
2011-01-12 12:43:42
Gov't supports Windfarm industry
The Korean Government has increased various support budget to achieve its target to promote wind power as a 'second shipbuilding industry'. Korea's Ministry of Knowledge Economy (MKE) has announced that it will support KRW 1.0035trn ($900m) for a...
2011-01-12 11:51:34
Press conference over Hanjin's layoff
The citizen measure committee consisting of Korea's four opposition parties and Busan-based 60 civic organizations had a press conference in the city hall square of Busan yesterday to urge the city to make countermeasures while the labor union has be...
2011-01-12 10:23:58
China: To avoid civil war
Generally speaking, it was not realistic to avoid horizontal competition completely. The competition can not only promoted development but also win-win out tome for the whole industry. However, the vicious competition might also trigger tragedy. W...
2011-01-12 10:19:25
Hanjin to resume New yard project
Korea's Hanjin Heavy Industries & Construction (HHIC) is eyeing to resume its suspended $1.9 billion shipyard project in Villanueva, Misamis Oriental, Philippines, local media reports. The project, which has already started laying its groundwork i...
2011-01-12 08:25:57
Shandong buys panamax resale
China's Shandong Shipping, aiming to build up a large bulker fleet, has purchased a panamax resale from a local yard. An official from Penglai Zhongbai Jinglu Ship Industry confirms the deal for the 75,200-dwt bulker. He adds that the privately o...
2011-01-11 08:31:47
SCI plans due diligence for yard deal
State-run Shipping Corp of India expects to start due diligence to acquire a minority stake of 15% in any of the four Indian shipbuilders that had submitted an expression of interest, a top official said. The firm expects to start due diligence in...
2011-01-11 07:56:24
2010: new orders exceed 55m GT
The world's total of new orders from January to September last year was estimated at 1,666 ships totaling 55.55m GT, which was around three times higher than the previous year in terms of GT. According to IHS, bulkers accounted for 60% of the new ...
2011-01-10 11:27:02
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