General
Orderbook lasts 2.2 years
South Korean shipbuilders’ order backlogs are decreasing at slower than expected rate. Shipowners are reportedly continuing to postpone newbuilding deliveries after reaching agreement with shipyards. Orderbooks of South Korea’s six listed s...
2009-12-28 06:18:31
STX awarding prizes
South Korea’s STX Business Group said it held a prize-awarding ceremony on December 23rd in Seoul and granted the greatest prize to the task force team which secured a contract of affreightment worth $5.8bn from Brazil’s iron ore major Vale. ...
2009-12-24 12:03:05
Seoul frets over shipbuilders
Policy makers proposed steps to address a plunge in ship orders this year in South Korea, home to seven of the world's 10 largest shipbuilders. But there is little chance the industry here will avoid steep job losses and financial difficulties in...
2009-12-24 07:42:37
STX cape resale rough going
A $61m resale deal for a capesize newbuilding is said to have stalled, foreign media reports. It was reported last month that STX Offshore & Shipbuilding in South Korea sold the 181,000-dwt vessel following an order cancellation. However, sources...
2009-12-24 07:24:57
STX builds €300m wind farms
STX Business Group of South Korea has secured a EUR 300m wind farm development project in just about six months after it made inroads into wind power sector by acquiring STX Windpower (former Harakosan Europe). STX said Wednesday that it has signe...
2009-12-23 11:29:27
Asiasis - Shiptec China cooperation
On December 21st, South Korea’s leading shipbuilding newspaper Asiasis, Inc. has signed a media cooperation agreement with Dalian Xinghai Exhibitions Co., Ltd., the organizer and manager of ‘Shiptec China 2010’ scheduled to be held from 26th to...
2009-12-23 06:32:39
ClassNK opens duo
Japanese ship classification society Nippon Kaiji Kyokai (ClassNK) announced last Friday the establishment of two new offices in Africa and the Middle East this month. The first is a new office in Accra, Ghana, which will officially open on December...
2009-12-22 14:20:18
STX wins $200m housing project
STX Construction said Tuesday that it has signed a $200m deal with Younex Enterprise Corporation for ‘Guam Workforce Housing Project’. Under the contract, STX will construct housing complex and subsidiary facilities on a site of 540,000㎡ in De...
2009-12-22 13:36:54
Hellenic 75% stake sale
Germany’s ThyssenKrupp will sell 75% of its Greek unit Hellenic Shipyards to Middle East shipbuilder Abu Dhabi Mar. The UAE company has been selected as the preferred bidder for the stake. ThyssenKrupp decided to sell the yard earlier this year,...
2009-12-22 07:34:21
Gdynia dock remains unsold
The dry dock at Poland’s Gdynia Shipyard remains unsold after the latest round of asset auctions. Crist, a shipbuilder and repairer from neighboring Gdansk, had originally lined up a PLN 140m ($49m) bid for the massive 380-metre by 70-metre faci...
2009-12-22 07:29:24
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