Shipbuilding
Korean S&M pommeled
Small-and-medium shipyards in South Gyeongsang province in Korea are pommeled by severe global shipbuilding market depression. According to a governmental report by Gyeongnam Development Institute, small-and-medium sized shipyards in South Gyeongs...
2012-10-17 07:40:10
Korea Keeps No.1
Korean shipbuilding industries contracted a total of 5.2m cgt ($18.9bn), accounting for 36.3% of global new order, during the first nine months of 2012, and kept its first place. The Ministry of Knowledge Economy analyzed data from Clarkson and Ko...
2012-10-17 07:36:25
Jaya expands Batam yard
Jaya Holdings plans to expand its shipyard in Batam following its tie-up with IHC Merwede. The two companies joined forces in July to combine the Singapore-listed company’s established presence in Asia with the Dutch firm’s engineering prowess...
2012-10-17 05:55:31
Sungdong wins purse seiner again!
Sungdong Shipbuilding & Marine Engineering announced today that it has won an additional order for tuna purse seiner. The Korean shipbuilder signed a newbuilding contract on Monday for one tuna purse seiner with Hansung Enterprise for delivery by ...
2012-10-16 09:37:34
MHI-Imabari joint order award
Tokyo, October 15, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI), jointly with Imabari Shipbuilding Co., Ltd., has received an order to build two next-generation pure car and truck carriers (PCTC) for Nippon Yusen Kabushiki Kaisha (NYK Line). Formal...
2012-10-16 06:38:58
Chinese "most vulnerable"
Danmarks Skibskredit (Danish Ship Finance, DSF) estimates that by the end of 2014 global yard capacity could be back at the 2008 level, and says Chinese private small and midsize shipyards are most vulnerable in that process. Copenhagen-based pur...
2012-10-16 06:19:01
Newbuild prices to fall further
Newbuilding prices are expected to fall further during the next two years. Danmarks Skibskredit (Danish Ship Finance) forecast in its 'October 2012 Shipping Market Review' that prices for less sophisticated ship types could fall around 10%-15% in...
2012-10-16 06:15:54
HMD to reach $3.2bn orders
Hyundai Mipo Dockyard is expected to achieve yearly order target this year. Analyst Jun Jae-Chun of Daishin Securities said "Hyundai Mipo has reached 57% of 2012 order target, having inked a total of $1.83bn (40 vessels) year-to-date." He said ...
2012-10-15 06:46:12
Kouan talks more newbuildings
China's Taizhou Kouan Shipbuilding is said to be in talks with Germany’s Harren & Partner about building more newbuildings. Details on the ship type, size and price are yet to be revealed. The German shipowner recently took delivery of the Pa...
2012-10-15 06:09:20
Yards vie for KOTC tankers
Korean and Chinese shipyards are competing to win three very large gas carriers (VLGCs) from Kuwait Oil Tanker Co (KOTC). Sources say price may not be imperative for KOTC, which is also looking to order four MR tankers by the end of the year. D...
2012-10-15 06:07:51
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