General
Elcano scraps handymax
Elcano has reportedly sold a vessel from its Brazilian fleet for demolition in India. Brokers say the Spanish shipowner is earning $348 per ldt for the sale of the 47,300-dwt Castillo de Olivenza (built 1983). With the handymax bulker weighin...
2010-02-18 08:35:46
Korean technology leakage
Korean shipbuilders boasting the best technology in the world show their lack of security management to protect their technologies. Poor security system and moral laxity of some ship designers result in a huge hole in the security for Korea’s c...
2010-02-18 07:18:23
Shipbuilders ‘Revamping’
The recent topic brought up in shipbuilding industry is revamping. Big shipbuilders are trying to secure the competitiveness to overcome the recession through business diversification and small-and medium-sized ones through focusing on specialized sh...
2010-02-18 07:15:56
Pre-certification for new products
Pre-certification system for new shipbuilding products with high technologies will be introduced. The Ministry of Land, Transport & Marine Affairs (MLTM) announced on Feb. 16th that it will revise and proclaim 'The Ships Safety Act Regulations Cod...
2010-02-17 07:38:54
‘Foster renewable energy biz’, ambassadors
As the worldwide efforts, including Korea putting up the banner of ‘Green Growth,’ to foster new renewable energy industry are in full swing, ambassadors from the advanced countries familiar with the renewable energy have set forth their views on...
2010-02-17 07:34:32
Booming on scrapping
Shipowners have proven the most active in scrapping older vessels during January, according to the latest weekly report by shipbrokers and consultants N. Cotzias Shipping Group. In total during the first month of 2010, 87 ships of all types were...
2010-02-16 09:34:02
Rich year for shipbreaking
A frenetic pace turned 2009 into a year of surprises especially on the price front. A bonanza for breaking is probably the best way to describe 2009. The demolition market saw more than 800 vessels sold, aggressive buying by China and Bangladesh a...
2010-02-16 07:43:22
Sungdong secured cape ?
Market rumors have it that German shipowner Reederei M Lauterjung has placed an order for an 180,000-dwt capesize bulker at South Korea’s Sungdong Shipbuilding & Marine Engineering, on the back of a long-term charter to STX Pan Ocean. Contract p...
2010-02-12 15:12:12
China shipbreaking hits new high
Ship demolitions at China’s yards hit a record 3.2m ldt last year due to overcapacity in the global shipping markets, according to China National Shiprecycling Association. A total of 440 vessels comprising 3.2m ldt were scrapped at the country...
2010-02-12 07:36:20
Talks to solve overdue wages
Korean campaign to improve labor environment in southwest provinces will hold a discussion to promote legislation of system improvement at Korean Industrial Complex Corporation's Daebul branch to find a solution for delayed wage payments of employees...
2010-02-12 07:06:04
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