Shipbuilding
Strong Won affects NB prices
Won-dollar exchange rate is declining up to near a level, which gives bad impact on Korean shipbuilders' price competitiveness. The exchange rate quoted at 1083.3 can make profits from ship export, according to a recent report by the Korean Chambe...
2012-11-14 07:34:26
CSSC wins VLCC quartet
China State Shipbuilding Corp (CSSC) has officially won an order for four very large crude carriers. The state-owned asset supervision and administration commission announced that state-run shipping company COSCO had inked four tankers at the stat...
2012-11-14 06:21:02
Replacement irrelevant to economy
Even if global economy recovers, shipbuilding and shipping market will find it hard to improve. Park Mu-Hyun, an analyst of E*Trade Securities said "There are some suggestions that recovery of global economy should be based for commercial ship mar...
2012-11-13 07:00:33
Chinese need New Tech
China State Shipbuilding Corporation (CSSC)'s Chairman Hu Wenming forecast that newbuilding order is unlikely to upturn for the next several years, but thanks to demand for naval ships, deep-sea fishing vessel, etc., CSSC will be able to hold out for...
2012-11-13 06:55:32
Hudong signs Chem TKs
Hudong-Zhonghua Shipbuilding reveals it has formally received an order for six stainless steel chemical tankers from Stolt-Nielsen. The Chinese state-owned shipbuilder said it has already concluded the deal of building six 38,000DWT chemical tanke...
2012-11-13 06:30:29
DaeSun delivers MR duo
Korea's DaeSun Shipbuilding & Engineering, which had entered MR tanker newbuilding sector back in 2010, has successfully delivered two 50,000DWT MR tankers in July and November this year respectively. The two MR newbuildings are the first two of s...
2012-11-12 10:27:59
Global orders inch up
October saw global new orders increased by 30 vessels against previous month to 135 vessels, according to China's Glinfo.com. Chinese shipbuilders contracted overall 59 newbuildings during the same month, comparing with 40 vessels contracted in Se...
2012-11-12 07:05:30
Chinese outrun Koreans
Chinese shipbuilding industries take the lead in new order contracted this year, in terms of cgt. According to Clarkson data, Korean shipbuilders have signed 5.67m cgt (181 vessels), totalling $24.57bn, of new orders during the first 10 months of ...
2012-11-12 06:53:52
NB prices hit the bottom
Foreign exchange and steel price pressures will limit further declines in newbuilding prices, says RS Platou Markets. Shipbuilders are already offering up new ships at or below break-even, and RS Platou believes new ship prices have little room fo...
2012-11-12 06:31:45
Samjin inks Eco PCTCs
Weihai, November 8th, 2012, Auto Marine Transport, a tonnage provider created with the assistance of Siem Car Carriers, has signed an agreement with Samjin Shipbuilding Industries Korea Co., Ltd. (Samjin) to build a series of vessels for carrying car...
2012-11-09 15:45:33
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