General
Shandong: Bottleneck ahead
According to customs statistics, with global economy turning around, in the past 11 months the ship export value of Shandong Province China was increased by nearly 100%. However, the rising cost, unclear forecast and outdated equipment still bothered...
2010-12-20 14:11:35
Photo exhibition in STX
A photo exhibition of 'Shipbuilder & Chosun (Dynasty)' is to be held in Sungsan Art Hall in Changwon, Korea from 21st to 28th December. The exhibition shows 50 photos taken by Kim Bum-jun, who works for Korea's STX Offshore & Shipbuilding at the ...
2010-12-20 12:46:32
Hanjin plans 2nd massive layoff
Korea's Hanjin Heavy Industries & Construction, which carried out a large-scale restructuring in the beginning of the year, is planning to make another restructuring against 400 employees, creating a strong opposition from its union members. Han...
2010-12-20 07:37:30
NGV Tech & Daewoo win naval vessels
Malaysian shipbuilder NGV Tech has signed a contract with Korea's Daewoo Shipbuilding & Marine Engineering to construct two 250-foot training and patrol vessels for the Malaysian navy. “In the period of 24 months, we will collaborate to design, ...
2010-12-20 07:21:11
Croatian yard Kraljevica sold to local
A local company has won the auction for state-owned Croatian shipbuilder Kraljevica. No price was given for Zagreb-based Jadranska Ulaganja’s acquisition of the struggling yard, which was a key requirement for Croatia being able to join the Eur...
2010-12-20 07:07:40
Rugao eyes No.1 shipbuilding city!
Rugao, a city of Jiangsu province, China, where Rongsheng Heavy Industries Group is located, intends to establish world class low-carbon and green shipbuilding and offshore manufacturing base. In other words, Rugao is ambitious to become China’s...
2010-12-17 15:02:55
Newbuilding Order Boost for 2011
A bulk of newbuilding orders are expected to be placed from the first quarter of next year. Korea's shipbuilders are increasing their expectations of obtaining additional new orders as most of the newbuilding orders would be for the sectors of wh...
2010-12-17 10:55:10
Shipbuilding stocks surge in Korea
Shipbuilding stock prices are soaring in Korea in late 2010. Korea's shipbuilders who underwent severe hardships with few new orders after the financial crisis, nowadays see the shipbuilding stock prices continuously skyrocketing thanks to their e...
2010-12-17 08:49:50
Kogas to buy 15% stake in CBM project
South Korea's Kogas will take a 15% stake in Australia's Gladstone coal bed methane project and sign a 20 year import deal with Santos this week. A South Korean government statement reported by Reuters indicated Kogas would buy 7.5% of the projec...
2010-12-17 08:01:55
OECD talks collapse
The Community of European Shipyards’ Association (CESA) claims the door has been left wide open for unsustainable 'predatory pricing' and some 20 years of efforts to level the global playing field for shipbuilders have come to a “bitter end.” ...
2010-12-17 07:37:40
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