Shipbuilding
Samsung tipped to meet target
Korea's Samsung Heavy Industries seems highly possibly to achieve its new order target for this year, $14.2bn. Analyst Yum Dong-Eun of HMC Investment & Securities takes a positive view on Samsung, winning $14.2bn of orders. The Geojae-based shipbu...
2013-01-17 06:55:40
Shipbuilding Market Forecast <4>
Due to tonnage oversupply and overdue market recovery, boxship market is likely to see another year of low charter rates in 2013. However boxship fundamental would get better, while tonnage demand-supply would slowly move towards balance from 2014...
2013-01-17 06:50:50
Hyundai seals 14,000TEU deal
Hyundai Heavy Industries has fired a flare of the first order of 2013, having contracted ultra-large boxship series ordered for the first time this year. The Korean shipbuilder announced today it signed a newbuilding contract with Seaspan of Canad...
2013-01-16 11:17:17
Samsung mulls overseas yard
There was a coverage that Samsung Heavy Industries was in review of building a shipyard in South East Asia. Yoo Jae-Hoon, analyst from Woori Investment & Securities said "It is not certain whether Samsung will proceed the project or not, however, ...
2013-01-16 07:50:15
Jiangnan Changxing inks VLCCs
Shanghai Jiangnan Changxing Shipbuilding is said to have won an order to build a series VLCCs from compatriot China Merchants Energy Shipping. It is suggested the three firm and three optional tankers are priced at $85m each. The first firm ve...
2013-01-16 07:38:34
Shipbuilding Market Forecast <3>
Market professionals prospected that product carrier and chemical tanker segments would continue to pick up, while crude carrier will see protracted stagnancy in 2013. Crude carrier, in particular, could keep struggling from harsh business environ...
2013-01-16 07:26:50
Chinese double-digit fall
Chinese shipbuilding industries marked all decreases in delivery, new order and orderbook in the full 2012, amid aggravated global shipbuilding market. The Ministry of Industry and Information Technology of China (MIIT) reported on January 14 that...
2013-01-16 07:23:23
Koreans aim $58.8bn
Korean shipbuilders contracted overall 7.5m cgt totalling $30bn newbuildings in 2012 and maintained the first place in new order, which accounting for 35% shares and Top 10 local shipyards aimed at overall $58.8bn of orders for 2013, 9% more than $54...
2013-01-15 07:14:30
Shipbuilding Market Forecast <2>
While BDI posted annual average of 920 points in 2012 and hit the lowest record, bulker market in 2013 is expected to get better gradually, but unable to get out of overall depression. As of early December, 2012, global bulker fleet stood at 675.6...
2013-01-15 07:10:56
DSME plans 60 deliveries
Korea's Daewoo Shipbuilding & Marine Engineering announced that it held 2013's first naming ceremony at its Okpo shipyard on January 12 and it plans to deliver around 60 newbuildings including LNG carriers, ultra-large containerships, FPSOs, drillshi...
2013-01-15 07:04:49
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