Austal’s fifth vessel for French Polynesia
Austal Limited (ASX:ASB) announced on December 28, 2017 that long-standing client and French Polynesia’s leading commercial ferry operator, SNC Aremiti (part of the Groupe Degage), has awarded a AU$30 million contract to Austal to design and bu...
"Share price down, ship price up"
While share prices in Korean shipbuilding industry are plummeting amid mammoth shipbuilders' decision on paid-in capital increase, an industrial expert in the country announced that this is a similar situation to a decade before. Park Mo...
DSIC developing smart crude carrier
It turned out that China's Dalian Shipbuilding Industry Co (DSIC) is developing smart crude carrier for the first time in the country. Guan Yinghua, Deputy Technical Director at DSIC, announced via a local press that the 'smart ship 1.0 ...
Samkang commissioned to build patrol vessel
Samkang M&T, a Korean manufacturer of heavy wall pipes, marine equipment and newbuildings, announced on December 28, 2017, that it won one new patrol combatant (1,500 tons) from the Korea Coast Guard (KCG) at KRW 61bn (approximately $57m). ...
CDB FL orders 208K BC quintet
China Development Bank Financial Leasing (CDB FL), a subsidiary of China Development Bank (CDB), turns out to have placed orders at two of its compatriot shipbuilding factories for five Newcastlemax bulkers at the end of December, 2017. Accord...
[Feature] Wrapping up 2017
In 2017, many Korean shipbuilders have achieved its performance goal set at the beginning of the year, indicating a kind of turnaround from 2016’s severe order drought. Korean shipbuilders have led global tanker newbuilding market, signing a...
Korean 'Big3' elevated order targets
Korean 'Big3' shipbuilders have set their 2018 order goals higher than 2017's. Hyundai Heavy Industries Group set the 2018 target as $13.2bn for shipbuilding and $1.6bn for offshore, reflecting a strong confidence in market recovery. ...
Vitol lengthens VLGC series at HHI?
Vitol has reportedly increased its newbuilding tally of VLGCs at Hyundai Heavy Industries. The energy company was said to have inked two 84,000-cbm Very Large Gas Carriers at HHI in August 2017, followed by two more orders in October. And now,...
STX: shorter payroll, thicker orderbook
STX Offshore & Shipbuilding announced on December 28 that 66 of its employees will voluntarily retire on December 31. The company has accepted a demand for additional lay off in exchange for Refund Guarantee for seven vessels it had been awar...
Korean minister visits Sungdong & STX
The Ministry of Trade, Industry and Energy (MOTIE) announced on December 28 that minister Paik Un-Gyu visited Sungdong Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding to had conversation with labor union and management. ...
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