Shipbuilding
VLCC price to dip further
Tanker magnate believes VLCC newbuilding prices have further to fall. Frontline CEO Jens Martin Jensen expected the strain of a weak market will be felt more severely in the coming months, and that will open the door for those with the cash to tak...
2012-08-31 07:04:53
Delivery "Below 100m GT"
Mizuho Corporate Bank prospected that global newbuilding delivery for 2012 will fall below 100m gt, according to its recent report '2012: Japan's industrial market forecast'. Statistical data states 131m-gt delivery scheduled this year. However, c...
2012-08-31 06:45:40
Hanjin to return to black
Hanjin Heavy Industries & Construction of Korea saw the red in the second quarter of this year, but it will instantly return to the black from the third quarter. Analyst Lee Kang-Rok, KTB Investment & Securities said, "Increase in Man-Hour by buil...
2012-08-31 06:41:18
Jinhai pens kamsarmax
China's Jinhai Heavy Industry has contracted an order for a pair of 82,000-dwt bulkers with Nisshin Shipping of Japan. Option for two more vessels is added, as well. These kamsarmax bulkers, 229m in length, 32.26m in breadth and 20.05m in heigh...
2012-08-30 14:08:06
Ulstein builds subsea vessel
GC Rieber Shipping, the Norway-based harsh environment shipping specialist, has charged ULSTEIN with developing a high-capacity subsea vessel based on its SX121 design. This NOK 800 million ship, ordered in June 2012, alongside an option for a si...
2012-08-30 06:53:48
Daewoo profit cut 60%
According to Daewoo Shipbuilding & Marine Engineering's regulatory filing reported on August 29, it posted KRW 7.015trn ($6.19bn) of turnover, KRW 295.4bn of operating profit, KRW 180.6bn of net profit, for the first half of 2012. Turnover slightl...
2012-08-30 06:38:20
HMD pens 23 ships
Hyundai Mipo Dockyard saw its turnover and operating profit for the first half of 2012, on consolidated basis, declined by 8.2% and 75.5% to KRW 2.1776trn ($1.9bn) and KRW 65.5bn each, according to its semi-annual report on August 29. Proportions ...
2012-08-30 06:32:36
Havyard pens brand-new PSV
Norway’s Havyard Group has been awarded a PSV newbuilding contract. The order is said to be worth NOK300m ($51m) and the vessel is expected to hit the water in the second quarter of 2014. The shipyard will build the ship based on a second gener...
2012-08-29 06:48:48
Yangzijiang stops expansion
China's Yangzijiang Shipbuilding Holdings plans to suspend expansion of shipbuilding business, amid troubled market. Chief Executive Ren Yuanlin revealed that the company would diversify portfolio by entering into ship financing and demolition bus...
2012-08-29 06:34:28
Qingshan booked 10 ships
Qingshan Shipyard has bagged overall 10 newbuildings totalling around CNY 2bn ($315m) in the first half of 2012. The Chinese shipbuilder, at present, has 32 vessels, around CNY 4.89bn, on order. Meanwhile, Qingshan has recently been placed a ne...
2012-08-29 06:31:09
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