Shipbuilding
China factor to stimulate orders
Expected recovery of China's economy would lead to growing newbuilding investment. Analyst Lee Kang-Rok of KTB Investment & Securities said "China's industrial production has exceeded market consensus in November, by having increased by 10.1% year...
2012-12-13 06:51:34
Five vie for 150K BCs
Korean major shipyards are carrying on a cutthroat competition for nine newbuilding 150,000-dwt bulkers for Korean power generation utility companies, including Korea South East Power, Korea Midland Power, Korea Western Power, Korea Southern Power an...
2012-12-13 06:50:16
Hyundai Mipo seals 10 PCs
Hyundai Mipo Dockyard announced Tuesday evening that it signed a contract on December 10th with Marshall Islands shipowner to build 10 product carriers for around KRW 334.5bn ($309m). The Korean shipyard is scheduled to deliver the tankers by Sept...
2012-12-12 10:10:33
New orders keep rising
Newbuilding order has maintained uptick in November. According to glinfo.com of China, November saw a total of 227 newbuildings contracted, up by 92 vessels month-on-month. Particularly Chinese shipyards' new order has distinctively increased. ...
2012-12-12 07:21:50
Environment regulation boosts order
Newbuilding merchant ship market is now led by environmental regulation and tonnage oversupply and it will be controlled by fuel-efficient Eco-Ship afterwards. Analyst Park Mu-Hyun of E*Trade Securities in Korea said, Tier III standards will becom...
2012-12-12 07:10:46
Orders to grow in H2'13
Korean shipbuilding industry's stock prices are possibly to response in advance as commercial ship market is expected to improve by the second half of 2013. Analyst Yoo Jae-Hoon of Woori Investment & Securities said "I see three things". The fi...
2012-12-12 07:06:07
Korean duo win Eco MRs
SPP Shipbuilding and Hyundai Mipo Dockyard are the winners of Scorpio Tankers' additional Eco newbuilding orders. The tanker owner is to order four MR product carriers at SPP and two at HMD, market sources say. The fuel-efficient MR PCs, worth ...
2012-12-11 09:50:00
Year-end Ordering Rush?
As the end of the year coming, market players are getting interested in shipyards gaining new orders. Besides major Korean shipbuilders, such as Samsung Heavy Industries, Hyundai Heavy Industries, STX Offshore & Shipbuilding, etc., Hyundai Mipo Do...
2012-12-11 07:01:19
Korean new yard drifts longer
South Jeolla Province of Korea is now on the table to cancel the special purpose company Southwest Shipbuilding Industrial Development (SSI)'s rights on the Shinan Shipbuilding Town project, which has been adrift since 2008 by troubled global shipbui...
2012-12-11 06:59:54
HMD to meet target
Hyundai Mipo Dockyard of Korea seems possible to win additional $1bn of orders by the end of 2012. Analyst Lee Sang-Won of KB Investment & Securities said "Hyundai Mipo has already reached 68.8% of its yearly new order target, $3.2bn, by having co...
2012-12-11 06:58:29
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