General
Grand China buys shipyard
Titan Petrochemicals is selling its 95% stake in Titan Quanzhou Shipyard to Grand China Logistics, the company confirmed Monday. Grand China Logistics has agreed to pay CNY1.8bn ($280m) for the yard in which Japan’s K Line owns the remaining 5%....
2010-12-14 08:18:03
Utkilen scraps chem-tanker
Norway’s Utkilen has pulled in $2.7m from the demolition of an ageing chemical-tanker, brokers said Monday. The 8,693-dwt Vikstraum (built 1981), the oldest vessel in the privately-held owner’s fleet of chemical and oil carriers, fetched $782...
2010-12-14 08:14:44
Samsung & Daewoo exports hit $20bn
Geoje customs of Korea Customs Service revealed last Thursday that the shipyards located in Geoje, Gyeongsangnam-do, Korea set a $20bn record for the combined exports by the end of November this year. The accumulated exports of the two major yard...
2010-12-13 08:25:17
Big 4 all to hit $10bn orders
Korea's big four - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME) and STX Offshore & Shipbuilding (STX O&S) - are each expected to achieve new orders of $10bn for this year. As all of t...
2010-12-13 08:00:13
Samsung & Daewoo lead technology revamp
Korea's Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) won the special prize and the bronze prize for developing the technology of LNG-FPSO and eco-friendly ultra-large containership respectively in the '2010 Korea...
2010-12-13 07:54:38
China: Restructuring inevitable
In the second half of last year, global shipbuilding industry seemed to have passed financial crisis. However, overcapacity was becoming serious. According to official statistics, about 80% of shipyards in the worlds still gained ‘zero’ order sin...
2010-12-10 10:25:25
ClassNK co-op with NMRI
Japan’s National Maritime Research Institute (NMRI) and ClassNK, Japan's shipping classification society, signed an extensive cooperation agreement at a press conference in Tokyo earlier this week. The comprehensive agreement commits the two organi...
2010-12-10 07:08:00
Vinashin should pay its own debts
A Vietnamese minister said state-owned Vietnam Shipbuilding Industry Group, known as Vinashin, should make a $60 million debt payment on its own as the government offers to help the company become profitable. “They will have to pay on their own...
2010-12-10 07:04:30
MOU between KTS and KOMERI
Korea Testing Laboratory (KTL) with president Lee Yu-jong and Korea Marine Equipment Research Institute (KOMERI) with president Kim Jeong-gyun signed a MOU last Tuesday to enhance Korea's competitiveness in the shipbuilding, shipping and related indu...
2010-12-09 12:37:51
KOR-NOR to enhance conciliation for green growth
'The 19th Korea-Norway Economic Cooperation Committee' was held in the headquarters of DNV in Oslo, Norway last Tuesday. The committee was hosted by The Federation of Korean Industries (FKI) and The Confederation of Norwegian Business and Industr...
2010-12-09 11:47:15
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