General
Conrad nets new orders
US shipyard Conrad Industries announced that it has secured contracts for the construction of four 16,000-barrel LPG tank barges, six deck barges and a crane barge. The new deals bring Conrad’s backlog to $92.8m, a $6.7m increase compared to fi...
2011-01-10 08:24:01
Korean to win back No.1
Korea's shipbuilding industry is believed to win back the world‘s No.1 position this year after it was defeated by its Chinese rivals in the main three indicators of the shipbuilding industry last year. Chinese yards started to get ahead of Kor...
2011-01-10 07:25:02
China aircraft carrier to use Ukraine parts?
According to news from U.S, China expressed cooperation intention to Ukraine, for the supply of key equipments for Chinese aircraft carrier under construction. As early as Soviet Union time, Ukraine provided a lot of key equipments for Russian ai...
2011-01-10 03:17:26
Sharp Contrast: Hyundai & Hanjin Labors
Korea's two giant shipbuilders - Hyundai Heavy Industries and Hanjin Heavy Industries & Construction - are showing a stark contrast in labor-management culture, attracting many eyes. While Hyundai provides 817 labor union members, who have alread...
2011-01-07 15:32:24
HMD delivered 500th ship
Korea's Hyundai Mipo Dockyard (HMD) achieved a feat of '500 ship deliveries' 13 years after it launched newbuilding business in 1997. HMD uncovered that it named and delivered, on 6th, one unit named EGS Crest (Hull No. 6043, pictured) of the tr...
2011-01-07 11:32:57
Class societies keep expanding
Two of the world’s top classification societies have announced further expansion plans in recent days. Nippon Kaiji Kyokai (ClassNK) officially announced the opening of two new exclusive surveyor offices this week in St. Petersburg, Russia; and Col...
2011-01-07 08:49:29
Chinese weather hard times
China's shipbuilders delivered less than 80 percent of their 2010-scheduled orders in the withering global shipping market, said a report from the China Association of the National Shipbuilding Industry (CANSI). A total of 70 million deadweight to...
2011-01-07 08:44:50
Hyundai expects highest sales
Korea's Hyundai Heavy Industries is seen to hit the KRW 23.399trn ($21bn) mark in sales this year, the highest amount in history. Lee Sang-won, researcher at Seoul-based Hyundai Securities, said, "with back of diversification of its business portf...
2011-01-06 12:11:12
Hanjin's first NEGO over restructuring
On the eve of a large-scale layoff list notice, 4th January, the labor and management of Korea's Hanjin Heavy Industries & Construction sit on a negotiation table, narrowly avoiding a head-on collision. It followed that the management side had ta...
2011-01-06 10:23:10
Don't miss New Year scrap boom
US ship demolition specialist GMS is urging owners to cash in on the recent surge in shipbreaking deals as Asian scrap yards race to cap their New Year quotas. “With reefers and general cargo vessels priced around the USD 450/ldt mark, bulkers ...
2011-01-06 08:52:24
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