Shipbuilding
Chinese H1 profit fell 24%
During the first half of 2012, operating income of China's shipbuilding-related companies above certain level increased by 2.3% year-on-year to CNY 342.8bn ($54bn). Among them shipbuilding and ship repair businesses declined by 2.4% and 0.1% to CN...
2012-08-24 06:44:44
Chinese Crisis Deepens
Chinese shipbuilding industries are not free from global shipbuilding crisis, as well. According to the China Association of the National Shipbuilding Industry, in the first seven months of this year, Chinese shipyards delivered 35.49m dwt, down b...
2012-08-24 06:41:49
Record-low Lead time
In the year-to-date the average newbuilding contract lead time turns out to have declined to its lowest level since 2001. The 'lead time' for a newbuilding contract is the number of months between the vessel's contract date and its delivery date....
2012-08-24 06:31:32
New Century '0' new order
China's private shipbuilder New Century Shipbuilding has not won any fresh contract by August this year. The company's executive deputy general manager Zhang Yuyong said the yard would run out of work by April or May 2013. Zhang also said the p...
2012-08-23 07:01:55
Japanese orders sink 30%
In July of 2012, Japanese shipbuilding industries' overall export ship contracted is estimated to be a total of 13 vessels of a cumulative 0.48m gt, which brings ship export being under 0.5m gt three months in a row. According to a statistical rep...
2012-08-23 06:55:45
Chinese in a crisis
China's number one shipbuilding province cannot helpdodging clouds upon the shipbuilding industries. According to a recent report from the Jiangsu Economic and Information Technology Commission of China, Jiangsu's newbuilding delivery, order and o...
2012-08-23 06:52:00
Aker Phil inks tankers
Crowley Maritime purchased two new Jones Act tankers from Aker Philadelphia Shipyard. The two 45,800-dwt newbuildings, the Pennsylvania and the Florida, are scheduled for delivery in September 2012 and March 2013. Aker says it will receive $90...
2012-08-22 06:51:41
Hyundai denies VLCC order
There has been a rumor circulating that Norway's John Fredriksen had been linked with a four 320,000-dwt very large crude oil carriers, bound for Frontline 2012, with Hyundai Samho Heavy Industries. However, it turns out to be untrue. Sources s...
2012-08-22 06:37:58
Doldrums 5 years more
While shipbuilding market being under depression with stagnant shipping market, Chief Executive Ren Yuanlin of China's Jiangsu Yangzijiang Shipbuilding forecast that shipbuilding industries should go through another five years of difficulties before ...
2012-08-22 06:35:27
Fredriksen pens VLGC in China
China's Jiangnan Shipyard recently signed for up to six 83,000-cbm very large gas carriers with John Fredriksen’s Frontline 2012. The shipowner will pay $127m for two firm vessels for delivery in 2014, a statement says. A further four options ar...
2012-08-21 10:19:22
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