General
Builders getting greener
Shipbuilders are increasingly developing brand new eco-friendly ships and marine propulsion systems. Promptly responding to IMO's tightening regulations and adding more competitive edge, Hyundai Heavy Industries recently developed the HiMSEN H35G,...
2010-05-31 06:45:32
Indian Jones Act
India's shipyards are lobbying for oil and gas companies to only charter only offshore support ships made and flagged in India. The issue was discussed at a board meeting of the Indian National Shipowners’ Association (Insa), local media reporte...
2010-05-28 07:51:29
Samjin accelerates delivery
South Korean emerging shipbuilder Samjin Shipbuilding Industries (SSI), located in Weihai, Shandong, China, held a naming ceremony on May 25th for a pair of 33,500-dwt bulkers. The ships christened CMB Weihai and CL Antwerp are the first two of 10...
2010-05-28 07:12:12
POSCO inks deal to buy Daewoo Int'l
Korea's POSCO said on Tuesday it had signed a preliminary agreement to buy Daewoo International, in what could become its biggest acquisition to date as the steelmaker looks to secure raw materials and boost overseas sales. POSCO beat retail-focus...
2010-05-27 08:13:01
New VLCC resale price hits $125m
A Deal to sell four newbuilding very large crude carriers for $125m each — a 30% rise in prices from three months ago — is reportedly in the final stages of negotiations. London shipbroker Galbraith’s reported news of the VLCC en-blo...
2010-05-26 06:53:45
Idle tonnage at 17-month low
Containerships are being pulled out of lay-up at breakneck speed, with the idle fleet down to a 17-month low as services are reactivated on both the transpacific and Asia-Europe trades. Almost 1m teu of unemployed capacity has been put back to wor...
2010-05-26 06:51:55
Croatia promotes yard privatisation
The Croatian government set up special commissions to oversee the sale of majority stakes in three state-owned shipyards -- Rijeka's "3. maj", Brodogradjevna Industrija Split and Brodotrogir of Trogir. The tender process for the privatisation of ...
2010-05-26 06:47:55
STX enters Malaysia solar market
Korea's SK Energy said Tuesday that it has singed a memorandum of understanding (MOU) on May 22nd with Malaysia's SHTP to construct solar power plant and solar battery/module factory in Malaysia. The signing ceremony was also attended by Malaysia'...
2010-05-25 11:31:24
Tebma future looks dicey
India’s Tebma Shipyard faces an uncertain future after losing two key contracts while orders drought continues. Only a year ago, Tebma was looking to expand its facilities to become the top builder of offshore vessels in India but it is now desp...
2010-05-25 08:14:25
Orders hit 15-month high
New ship ordering activity continued to strengthen last month with new orders reaching 15-month high in April. According to Clarkson Research Services' monthly report released last week, April new ship contracts came up to 114 ships (69 bulkers an...
2010-05-25 06:52:54
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