Shipbuilding
Obama reelection, Good for Koreans?
President Barack Obama of the US' re-election will give positive effects on Korean industries with continued diplomacy and eliminated uncertainties. Particularly, energy field will gain the biggest benefit. Obama administration announced its plans...
2012-11-09 07:33:01
Russia invests in shipbuilding
MOSCOW, Nov 8 - Russian government plans to invest over RUB 600bn ($19bn), including RUB 330bn of budget funds, in shipbuilding industry, said Prime Minister Dmitry Medvedev on Thursday. “The program is aimed at restoring Russia’s position in th...
2012-11-09 07:28:51
Koreans face cancellations
An increasing number of newbuilding orders are being cancelled after the ships have been almost completed, as the buyers find it hard to finish payment amid worsening financing market. Even the world's largest shipbuilders like Hyundai Heavy Indus...
2012-11-09 06:44:23
New orders edge up
Newbuilding orders for commercial ship market appears to pace up with newbuilding enquiries for bulker, containership, etc., being on the march. Guangzhou Shipyard International has recently inked an order to build three firm VLCC tankers with opt...
2012-11-08 07:03:45
Chinese ship export falling
China's ship trading turns out to keep declining by the first nine months of this year. According to the General Administration of Customs of China, during the first three quarters of 2012, China's total value of ship trading decreased by 5.3% yea...
2012-11-08 06:55:06
"Versatile" Yangzijiang
Yangzijiang Shipbuilding, one of China's largest privately-run shipbuilders, is expanding its business portfolio into sectors that seem more promising. The shipbuilder said bulker and containership newbuilding business will continue to be its core...
2012-11-08 06:34:04
Jinling signs 64K BCs
Nov. 5, 2012 - Asia Pacific Shipping Enterprises Pte. Ltd. (APSE), a wholly subsidiary of the Queensland Nickel Group (QN), has signed a ship construction contract for four 64,000-dwt ultramax bulk carriers. The contract has been signed with the F...
2012-11-07 10:06:43
IHI eyes 1st SPB FLNG
Japan's IHI has recently announced its three-year mid-term management plan, to be completed in FY 2015. Also, it revealed that its target revenue, on consolidated basis, of FY 2015 is JPY 1.4trn ($17.5bn), up by 13% comparing with estimated revenu...
2012-11-07 07:05:30
Chinese Majors Falling
China's five major listed shipyards turn out to have seen poor financial records during the first three quarters of 2012. According to China Association of National Shipbuilding Industry (CANSI), the China State Shipbuilding Corporation (CSSC), Gu...
2012-11-07 06:54:26
Korean yards auctioned off
Due to continued recessive global shipbuilding market, Korean shipyards' facilities are successively set up for auctions. A total of 1,203 products with appraised value reaching over KRW 3bn ($2.75m) were put up for auction during January-October ...
2012-11-07 06:46:51
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