Shipbuilding
Nam Cheong profits double
Malaysia's Nam Cheong, the specialist builder of offshore support vessels, is to see its net profit double during the next two years, DMG & Partners Research forecast. Nam Cheong posted net profit of MYR93 million ($30 million) in 2011. DMG & Part...
2012-10-30 06:18:57
Sasebo Revamps Business
Sasebo Heavy Industries of Japan announced its plan to reorganize business, on October 25. Preparing for shrinking newbuilding demand, Sasebo is to change from existing business majored in shipbuilding and marine crankshaft. Particularly, as ov...
2012-10-29 06:01:45
Crisis Continues
Major shipbuilders from five countries, Japan, Europe, China, Korea (South) and the US, held a 'JECKU Top Executive Meeting‘ last month in San Diego, the US. Some 70 officials in shipyards from five countries agreed that current crisis in shipbu...
2012-10-29 05:57:53
HMD negotiates LPGC order
Korea's Hyundai Mipo Dockyard is in talks with Exmar to build four more midsize LPG/ammonia carriers. The Belgian shipowner has penned 4+4 38,000CBM LPG carriers earlier this year. And the owner has extended options by two months in August. ...
2012-10-29 05:36:05
RCCL close to cruiseship order
Royal Caribbean Cruise Lines is to order a newbuilding Oasis-type cruiseship soon. RCCL said the proposed newbuilding would be delivered in 2016, and would be built at lower cost per berth and with better energy efficiency. RCCL chief executive...
2012-10-26 10:33:03
Half to be empty-handed
Around 45% of global shipyards will run out of orders after 2012, Deutsche Bank forecasts. At present global commercial ship newbuilding orderbook stands at only 17% of the existing fleet, way down from 47% at the peak in 2008. Deutsche Bank ex...
2012-10-26 07:10:43
Chinese Doldrums Continue
In September, China's total delivery of civilian steel ship declined by 34.1% year-on-year and by 5.3% month-on-month and total delivery from January to September dropped by 12.8% comparing with the same period of last year. During the first eight...
2012-10-26 06:45:26
Larger Ships 'Hit Harder'
Amid extremely depressed global newbuilding commercial ship market, particularly orders for larger ships seem to be struggling harder. According to Clarkson, a total of 14 newbuilding capesize bulkers of a combined 2.7m dwt were contracted during ...
2012-10-26 06:41:19
CSSC builds icebreaker
The detail design of China's second icebreaker will be conducted by China State Shipbuilding Corporation (CSSC), said the Polar Research Institute of China. The institute signed a cooperative agreement regarding the detail design with CSSC. "...
2012-10-25 10:19:13
KIAMCO mulls leaseback
KDB Korea Infrastructure Investments Asset Management Co (KIAMCO) is reportedly in talks with Taiwan’s Wisdom Marine for a potential bulker sale and leaseback deal. Wisdom Marine intends to sell one secondhand handysize bulker, three supramax bu...
2012-10-25 07:04:51
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