General
Overcast prospects on shipbuilding
The Korea Chamber of Commerce & Industry (KCCI) released a forecast on domestic industries in the second quarter. Semiconductor, electronics, textiles, and machinery industry will see a huge improvement in exportation while shipbuilding and construct...
2010-04-22 07:14:17
Chinese Vice-Premier visits STX Dalian
Li Keqiang, the First Vice-Premier of China recently visited STX Dalian Shipbuilding Complex to look around production site, and discussed current market conditions and direction of future development with Kang Duk-soo chairman of STX Group of South ...
2010-04-21 13:34:02
Pakistan shipbreakers cash in
Pakistan has taken the top slot in the demolition market, offering rates in the high $400s per ldt as capacity in Bangladesh and India strains under the weight of recent purchases. Gadani breakers were offering deals at $10-$20 above the going rat...
2010-04-21 08:16:16
Giants lead technology exports
Korean shipbuilding giants are targeting another jackpot by exporting technologies, not ships. It is very exceptional to export information based services, as they have not been so free of worries of technology leakage so far. However, shipbu...
2010-04-21 07:14:39
OECD WP6 calls out Korea
The Ministry of Knowledge Economy (MKE) of Korea announced that major shipbuilding countries including Korea, China, Japan, and EU agreed at the 110th OECD Council Working Party on Shipbuilding (WP6) meeting to reopen 'New Shipbuilding Agreement' mee...
2010-04-20 11:41:16
Bulker order rebounds
As is reported earlier, Taiwan’s CSBC Corporation has contracted with compatriot Chinese Maritime Transport Ltd.(CMT) to build two-unit 203,000-dwt Capsize bulk carriers valued at $129m. The group’s President Tan Taiping pointed out that recen...
2010-04-20 09:21:53
Croatia extends yards sale deadline
Croatia has extended its tender to sell off six shipyards by one month. The bidding in the privatisation of the yards was set to end on 19 April, after a failed attempt last year to drum up interest. Only Uljanik Shipyard is profitable, while...
2010-04-20 08:14:32
New orders push prices up
As newbuilding orders and newbuilding prices increase in earnest, views on shipbuilding stocks remained positive. Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI) of Korea were re...
2010-04-20 07:20:34
DSME boss awarded 'CEO of the Year'
Korea Management Association (KMA) announced on Apr. 19th that Nam Sang-tae, president of Daewoo Shipbuilding & Marine Engineering (DSME), Shin Chang-jae, chairman of Kyobo Life Insurance, and Cho Jin-wook, chairman of BASF Korea were selected as the...
2010-04-19 12:36:04
CSBC calls for gov't financial aids
Tan Taiping, General Manager of China Shipbuilding Corporation (CSBC), recently urged that government should offer financial platform for shipowner, promoting growth of shipbuilding industry. Tan pointed out that financial tsunami had ever stormed...
2010-04-19 09:26:44
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