General
Vinashin boss facing punishment
Vietnam Shipbuilding Industry Group, chairman Pham Thanh Binh, is facing punishment from the government for bringing the state-owned company to the brink of bankruptcy. From being a major success story breaking into international shipbuilding, Vi...
2010-07-08 08:16:03
Big 4 new orders surge
Korean 'Big 4' shipbuilders have won more-than-expected new orders in the first half of the year through diversified sales strategies. Hyundai Heavy Industries contracted $7bn worth of new orders in the period for 47 ships and four offshore and in...
2010-07-08 06:39:05
New order? Hijack?
According to Clarkson statistics, the amount of global new orders reached the highest level of 114ship in April since 19 months ago. Clarkson thought the price reduction of Asian shipbuilders was the main power for order increasing. Meanwhile, China ...
2010-07-07 10:08:16
Cosco bulker orders come into effect
Two dry-cargo newbuildings at Cosco Corp (Singapore) have been firmed up after the shipowner paid an initial deposit. The 82,000-dwt vessels which became effective today were part of a $440m haul revealed by the listed yard last month. Gleamr...
2010-07-07 07:24:25
Maersk, HHI & DNV collaborate on CO2
Maersk Tankers, Hyundai Heavy Industries (HHI) and Det Norske Veritas (DNV) have agreed to collaborate on the design and risk assessment of tankers for shipping CO2. Maersk Tankers is already in a partnership with Maersk Oil and Finnish utilities...
2010-07-07 07:10:40
Sri Lanka pension fund buys into yard
Sri Lanka's Employee's Provident Fund, a state-managed pension fund of private citizens, bought into a shipbuilding firm based at Colombo port, the firm said in a stock exchange filing. Colombo Dockyard said the Employee's Provident Fund bought 6....
2010-07-06 08:26:57
Gaddani breaks record 107 ships
The ship-breaking yard at Gaddani broke all previous records where 107 ships having a total light displacement tonnage (LDT) of 852,022 tons were beached for scrap during the current fiscal year. Never in the past, such a large number of vessels ...
2010-07-06 08:11:02
Orders Rebound
Korean shipbuilders in South Jeolla Province, southwestern part of the country, which had won '0' new ship orders last year, have inked 21-ship orders in the first half of this year, signaling a recovery of newbuilding market. During the first six...
2010-07-06 07:07:27
Pipavav appoints new CEO
India’s Pipavav Shipyard has brought in an experienced old hand as its new CEO. The company said that as part of its “strategic corporate restructuring”, former navy commodore M Jitendran will replace Jai Prakash Rai. Rai will become group ...
2010-07-05 08:29:23
POSCO, HHI reinforcing cooperation
POSCO is reinforcing cooperation with its major customer, Hyundai Heavy Industries (HHI). On June 23, POSCO held an IT (information technology) forum with HHI at the headquarters in Pohang for the first time. The participants in the forum present...
2010-07-05 07:23:38
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