General
Pirates attack Torm Ragnhild
Gun-tooting pirates have attacked a Torm chemical tanker in the Gulf of Aden. Six pirates sporting AK47s and rocket propelled grenades launched the assault on the 45,000-dwt Torm Ragnhild but failed to gain control of the ship. NATO says the ...
2010-04-06 08:24:31
Hyundai Exports Technology
Hyundai Heavy Industries of Korea said Monday that it has recently agreed to transfer its self-developed Gas Insulated Switchgear (GIS) technologies to Taiwan's computer and electronic home appliance company Tatung. Hyundai will export the technol...
2010-04-05 13:45:20
UK broker moves HQ to Singapore
London shop Howe Robinson is making a landmark move of corporate base to the Lion City with an eye on Asia's future growth. Howe Robinson, one of the UK's most venerable shipbroking names, moves its corporate headquarters from London to Singapore...
2010-04-05 08:04:34
Pirates hijack Korean VLCC
The South Korean owned VLCC, Samho Dream, has been hijacked in the latest attack by Somali pirates. The 319,000-dwt Samho Dream (built 2002) was laden with a full cargo of Iraqi crude bound for the Gulf of Mexico, when it was seized. Two skiffs...
2010-04-05 07:26:21
Big 4's Respective Order Strategy
Major shipbuilders in South Korea are strengthening competitiveness through differentiating orders intake strategies recently. This trend follows increasing expectancy for solid recovery of newbuilding orders as orders for ships and plants gradua...
2010-04-02 12:25:30
Communards yard wins appeal
A Ukrainian court has overturned a ruling ordering the 61 Communards shipyard to pay compensation for failing to fulfil a newbuilding contract. Mykolaiv regional appeal court reversed an earlier ruling by a London arbitration court ordering the s...
2010-04-02 08:25:56
ADSB to acquire ship-designing firm
Abu Dhabi Ship Building (ADSB) may acquire a firm specialised in designing ships next year, as part of efforts to increase its market share in the Gulf, said Chairman Homaid Al Shemmari. He was speaking at a press conference during the Second Doh...
2010-04-02 08:18:27
HHI builds WT plant in China
South Korea's largest wind turbine (WT) manufacturer Hyundai Heavy Industries enters the wind power generation market of China, the world's largest emerging market in the sector. HHI said on April 1st that it has recently signed a memorandum of un...
2010-04-01 14:36:15
CSSC delivered 46 ships in 2009
China State Shipbuilding Corporation (CSSC), China’s largest shipbuilding group, recently issued annual report of 2009. The group finished 46-unit newbuilding, with 6.66m dwt, rising by 28% against 2008. But the revenue slumped by 6.4%, which w...
2010-04-01 10:24:40
Lindo cuts again
Denmark’s AP Moller-Maersk is laying off another 400 workers at its Lindo shipyard. Yard director Steen Schougaard told Danish television the staff would be given redundancy notices on 13 April. Maersk is winding down operations at the plan...
2010-04-01 08:31:00
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