Shipbuilding
Newbuilds end up delivered
When the shipbuilding bubble burst after 2008 global financial crisis, many thought the massive orderbook would be reduced by cancellations, bankruptcies and slippage, etc. On the other hand, according to Clarksons, the shipyards over the world de...
2012-07-03 07:07:06
Shipbuilding Still 'Clouded'
Shipbuilding and Shipping market would still be unrecovered in the second half of this year, while steel and petrochemistry would also struggle by stagnant demand. In a report 'H2 2012: Korea's major industrial forecast' from Korea Development Ban...
2012-07-03 07:01:17
50% Chinese face bankruptcy
About half of Chinese shipyards are to go bankrupt over the next three years. Recently, many Chinese shipyards are having difficulties in winning new orders amid extended depression of shipping market. China's Securities Daily reported that rec...
2012-07-03 06:55:30
Big3's new order halved
South Korea's Big3 shipbuilders - Samsung Heavy Industries, Hyundai HI and Daewoo Shipbuilding & Marine Engineering - have seen their new orders cut half in the first half of this year. Shipbuilding sources said on July 1 that Big3 contracted $33....
2012-07-02 11:00:58
Mitsubishi & Kawasaki win LNGCs
TOKYO, June 29, 2012 - Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) announced the signing of a long-term contract for two new liquefied natural gas (LNG) carriers with Kansai Electric Power Inc. (President: Makoto Yagi). At the same time, ...
2012-07-02 07:10:44
Daesun inks 1,000TEU boxships
Daesun Shipbuilding & Engineering of South Korean signed a contract for one 1,000-teu boxship with Marshall Island-based ship owner, with one additional option, on June 28. The newbuilding, valued around $19.5m, will be chartered out to Korea Mari...
2012-07-02 06:58:52
Samjin pens 36K Eco BCs
Korea's Samjin Shipbuilding Industries, located in Weihai, China, has signed a contract for two 36,000-dwt eco-friendly bulkers with German owner Oldendorff Carriers, with optional two more. The firm contract is known to have finalized on June 21....
2012-06-29 15:43:58
How to overcome 'dry spell'?
Recently, amid recent shipbuilding crisis of lack of new order and overtonnage, Chinese shipyards are entering into marine equipment or offshore business in order to overcome the troubles. Recently, news about small and mid-sized shipyards in Nantong...
2012-06-29 11:09:18
COSCO to win kamsarmax BCs
Greece's Chartworld Shipping has finally inked a letter of intent to build kamsarmax bulkers. The Kollakis family company has been keen to contract the newbuildings since last year. Initially, the owner planned to order two newbuildings plus fu...
2012-06-29 08:14:17
Green Ship, game changer!
Increasing demand for fuel-efficient and eco-friendly vessels is to boost recovery of commercial ship market. Analyst Park Mu-hyun, E*Trade Securities of South Korea, said on June 28, "With pressures on fuel costs and environmental regulations, de...
2012-06-29 07:17:41
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