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Shipbuilding
Chinese Deliveries Dropped
Chinese shipyards' steel-ship delivery has dropped in November. According to latest report from National Bureau of Statistics of China, in November, Chinese shipbuilders delivered overall 5.97m dwt of privately-owned newbuilding steel ships in Nov...
2012-12-21 06:58:54
New regime, "Positive for Yards"
Korea Investment & Securities forecasts Park Geun-Hye's election as president would be positive to shipbuilding, oil industries, etc. Particularly, president-elect Park Geun-Hye has made a pledge to build a ship finance corporation, which will giv...
2012-12-21 06:40:46
Japan boosts Eco/Offshore
Shipbuilders' Association of Japan Chairman Kazuaki Kama said "It has been a very difficult year," looking back on 2012. Kama said Japanese shipbuilders had been struggling with low orders, having contracted 3.46m-cgt export ships in the first ele...
2012-12-20 06:18:19
Chengxi inks eight BCs
China's CSSC Chengxi Shipyard has inked orders for bulkers in order. Chengxi is said to have signed a newbuilding contract for four 39,100-dwt bulkers with Singapore-based Swire Shipping on December 7. The newbuildings are slated for delivery f...
2012-12-20 05:46:12
COSCO to miss sales target
COSCO Corp (Singapore), which owns COSCO Shipyard Group in China, is coming up short of full year order target despite its latest deal to build a cylindrical FPSO. Kim Eng Maybank says the $370m contract with a European customer will still leave i...
2012-12-20 05:32:36
'Future for arctic shipping'
The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has issued a new position paper on Arctic shipping. As the Arctic becomes more accessible, ICS has set out some key principles with regard to the futu...
2012-12-19 08:01:42
HVS wins Wilmar's PCs
Hyundai-Vinashin Shipyard has been tipped to have won an order from Wilmar to build a pair of product carriers. The Korean-Vietnamese joint venture has sealed up an order for two 52,000-dwt vessels for delivery in 2014, valued in $31m apiece, acco...
2012-12-19 07:54:20
Hyundai new orders fall
Hyundai Heavy Industries reported a regulatory filing on December 17 that during January-November of 2012, cumulative amount of orders contracted marked around $18.229bn, down by 27.2% year-on-year. Shipbuilding division saw 48.8% decrease compari...
2012-12-19 07:17:30
Hudong wins MPP heavylift duo
Rickmers-Linie has ordered two 20,000dwt newbuildings for delivery in 2015, built at Hudong-Zhonghua Shipbuilding in China. Both of these multi-purpose heavylift vessels will be equipped with two 450-tonne cranes and one 120-tonne crane. The two ...
2012-12-18 09:56:46
Recovery starts Q3 2013
Amid shrinking new orders and dropping newbuilding prices, shipbuilding market is expected to start recovering from the Q3 2013 in a short term and from Q3 2014 in a long term. The Bank of Korea (BOK)'s South Kyungsang Province head office publish...
2012-12-18 07:49:21
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