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Shipbuilding
HMD wins Eco LPGC in Japan
Hyundai Mipo Dockyard of Korea announced today that it has signed a newbuilding contract to build one 35,000-cbm LPG carrier with JX Shipping of Japan. The LPG carrier, 174m in length, 28m in breadth and 18m in height, costs around $49m with deliv...
2012-11-06 11:18:32
AVIC talks for new boxships
China's AVIC Weihai Shipyard is close to win an order for a series boxships from a German owner. An official from AVIC Weihai revealed that the shipyard is now under negotiation with German shipowner to build six mid-sized containerships. Also,...
2012-11-06 06:20:00
Samsung "Most Stable"
Samsung Heavy Industries has made the most stable earnings during a depression, comparing with other domestic shipbuilders. Analyst Jun Yong-Bum of IM Investment Bank said on November 5, "Samsung Heavy Industries recorded 8% of operating margin in...
2012-11-06 06:17:21
Strong Won speeds up order
In case that recently strong won continues, Korean shipbuilders will book more new orders. Analyst Park Mu-Hyun of E*Trade Securities said on November 5, "Despite quite a plenty of newbuilding demand, Korean shipbuilders hesitate to pen on the con...
2012-11-06 06:11:26
1st Shuttle TK built on-land
Sungdong Shipbuilding & Marine Engineering has succeeded in building a Shuttle Tanker on land, not in a dry dock, for the first time in the world. On Sunday, November 4th, the Korean shipbuilding firm of middle standing made a Load-Out, moving the...
2012-11-05 10:01:29
Sumitomo Pens 'Zero'
Japan's Sumitomo Heavy Industries prospected that its Ship & Marine division, which includes ship building and ship repairing, will record JPY 1bn ($12.46m) of operating loss, during April-September of this year. Sumitomo had forecasted JPY 2bn of...
2012-11-05 06:49:56
SHI Drillship Biz 'Twinkle'
Samsung Heavy Industries has made a firm earnings in the third quarter, thanks to its accumulated drillship experiences. Analyst Yum Dong-Eun of HMC Investment & Securities said "Samsung improved on estimated results by HMC and market consensus fo...
2012-11-05 06:45:42
Uncertainty on "Green Ships"
Nikos Papantonopoulos, analyst at Greek broker Intermodal, warned the so-called “Green Ships” could encounter a similar problem to that faced by “Greenfield Shipyards” a couple of years ago. He said “Taking into consideration the newbuil...
2012-11-05 06:32:10
Japanese pen BC quartet
Two Japanese shipyards were awarded orders for a total of four bulkers from Taiwan's Shih Wei Navigation. The four bulkers worth around $120m in total. Namura Shipbuildings is to build two handymaxes, which cost $24m and $21m each. The other...
2012-11-02 07:44:39
Eco Ship to Rise
Investment for newbuilding commercial ship will grow fast from 2013, attracted by fuel-efficiency. Park Mu-Hyun, analyst of E*Trade Securities in Korea, emphasized that 'Fuel efficiency' is the key to forecast future investment activity and said "...
2012-11-02 06:58:47
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