General
Too many newcomers: Overcapacity
Boao Forum for Asia 2010, focusing on green recovery and sustainable growth in Asia, was held during April 9th to April 10th. On April 10th, Wei Jiafu, Chairman of China Ocean Shipping (Group) Company (COSCO), expressed that overcapacity would be...
2010-04-14 10:04:01
HMM in $315m iron ore shipping deal
Korea's Hyundai Merchant Marine and China's ShangDong Far East Marine have signed a $315m contract to ship iron ore to China. The two companies will transport 23m tons of iron ore to China over the next 15 years for Hebei Steel Group. The shi...
2010-04-14 08:17:52
"Spring Flower Fair"
South Korea's Hyundai Heavy Industries, the world's No. 1 shipbuilder, is holding a 'Vernal Flowers Exhibition' at the Hanmaeum Hall square in Ulsan, South Korea. It started on April 10th and will continue until May 9th. Around the 6,000㎡-sit...
2010-04-13 13:37:01
"2010 CIMPS" China Marine Fair Opens
‘The 2010 CIMPS’, China International Marine, Port & Shipbuilding Fair, which is China’s one of leading marine exhibitions, is only a month ahead from now, to be held at the Nanjing International Expo Centre, Nanjing, China during 19-21 May, 20...
2010-04-13 11:46:40
Hanjin-CMA CGM to settle dispute
A long-running dispute between CMA CGM and Hanjin Heavy Industries & Construction over a pair of 6,500 teu ships may soon be settled, enabling the French line to take delivery of the newbuildings. CMA CGM would not comment on the speculation, but i...
2010-04-13 08:20:27
Hanjin pursuing expansion in Philippines
Korea’s giant shipbuilder Hanjin Heavy Industries & Construction Co-Philippines (HHIC-Phils.) has remained interested in pursuing its P8-billion expansion project in the Phividec Industrial Estate in Tagoloan, Misamis, Oriental. Philippine Econ...
2010-04-13 08:16:38
European oppose Attica's funding call
European yards are calling into question the order price and funding being sought by a Greek owner to build at Daewoo Shipbuilding & Marine Engineering of Korea. European shipbuilders have challenged moves by Greece's Attica Group to raise EUR 60m...
2010-04-12 08:30:26
MISC set to list yard unit
MISC plans to list its shipyard Malaysia Marine and Heavy Engineering (MMHE) on Bursa Malaysia. MISC said it was formulating plans for the listing of MMHE and would appoint advisors. “Further details on the proposed IPO will be made known u...
2010-04-12 08:15:35
HHI builds another wind farm
Hyundai Heavy Industries (HHI) of South Korea is planning to build a large wind farm generating 40MW of electricity annually in Muju of North Joella Province, South Korea. North Jeolla Province announced that "Gunsan plant of HHI signed 'sharehol...
2010-04-12 07:27:35
Daesun-Sungdong may sell tankers to Navios
Navios Maritime Acquisition Corp, the special purpose acquisition company of New York-listed Navios Maritime Holdings, has unveiled a massive $457.7m tanker purchase plan that will take the bulker owner into the tanker sector for the first time. ...
2010-04-09 12:24:00
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