Shipbuilding
Oshima pens six Eco BCs
August 16, 2012 - Fednav Limited, the largest international maritime bulk carrier in Canada, today announced the addition of six new vessels to its fleet. In partnership with Sumitomo Corporation and Oshima Shipyard, the environmentally advanced vess...
2012-08-17 06:59:16
Jinling pens more 64K BCs
China's CSC Jinling Shipyard has recently been placed an order for a pair of 64,000-dwt bulkers from Swiss Marine. Deliveries are due in 2013 and the newbuilding price is undisclosed. Jinling, in the last month, also penned four 64,000 dwt bulk...
2012-08-17 06:30:24
GSI wins Eco tankers
China's Guangzhou Shipyard International has won an order for up to six fuel-efficient tankers from Copenhagen-listed Norden. Norden inked two firm handysize tankers at the yard with options for four more. Delivery of the two firm vessels is sl...
2012-08-16 09:50:17
Penglai bags 64K BCs
China's Penglai Zhongbai Jinglu Ship Industry signed a contract to build 2+2 64,000-dwt bulkers with Laskaridis Shipping on August 1. The 64,000-dwt bulker, designed by Shanghai Merchant Ship Design & Research Institute (SADRI), is another major f...
2012-08-16 06:38:24
New orders slow further
It will still not be late to invest in shipbuilders after seeing record-low newbuilding orders. Uhm Kyung-Ah, an analyst at Shinyoung Securities in Korea said, "I won't change 'Neutral' recommendation for shipbuilding industries. Recently shipbuil...
2012-08-16 06:34:50
Majors' profit battered
Korea's large shipyards are facing their earnings having started to get weaker since 2009, as more and more low-margin newbuildings are reflected on the revenue. Hyundai Heavy Industries saw its operating profit for the second quarter of 2012 plun...
2012-08-16 06:32:22
Petrobras fixes 9 drillships
Petrobras has completed its 21 deep-sea drilling rig newbuilding program with a final order for nine drillships. The Brazilian state-owned energy giant has signed the contracts with Sete Brasil, Odebrecht and Etesco to charter and operate the vess...
2012-08-14 06:54:06
Samsung Q2 margin falls
Samsung Heavy Industries announced its earnings for the second quarter of 2012 on August 13. According to its regulatory filing, the Korean shipyard saw increase in turnover, up by 6.0% year-on-year to KRW 3.3524trn (around $3bn). However, its op...
2012-08-14 06:36:21
Hantong hunt low-price orders
Jiangsu New Hantong Ship Heavy Industry in China is giving all its strength to hunt orders, even low-priced ones. Hantong's turnover for the first half of 2012 increased by 8% year-on-year to CNY 748m ($117.6m), while net profit and tax exceeded C...
2012-08-14 06:33:28
CCSIC pens chemical tankers
China Shipbuilding Industry Co (CSIC)-affiliated Chongqing Chuandong Shipbuilding Industry Co (CCSIC) signed a Letter of Intent to build four stainless chemical tankers for Shanghai Sanhan Shipping on August 10. CCSIC has delivered overall 41 stai...
2012-08-14 06:32:02
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