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Shipbuilding
Boxship ordering resumes?
As newbuilding price heading for historically lowest point and fleet overtonnage getting relieved, boxship ordering is expected to resume in the near future. In a report, the Baltic & International Maritime Council (BIMCO) said that despite the fa...
2012-06-20 07:14:12
Samsung pens tanker pair
Samsung Heavy Industries of South Korea has reportedly finalized a contract for two special-purpose lightering tankers with Chevron of US. Market sources said that the 150,000-dwt vessels will cost around $97m per vessel. It is believed the duo...
2012-06-19 07:15:22
China signs 1st cruiseship
China's Shanhaishu Group and Xiamen International Cruise signed a contract for China's first self-built cruise ship with Xiamen Shipbuilding Industry on June 17. Shanhaishu and Xiamen International signed an agreement to build 100,000 gt cruise sh...
2012-06-19 07:11:41
Shipbuilding "Double Dip"
After facing financial crisis in 2008, global shipbuilding industry showed some level of rebound in 2010, however, it appears to have a double-dip recession this year, due to Eurozone crisis, overtonnage and troubled shipping market, etc., according ...
2012-06-19 07:08:45
"Rebound in 2014"
Korea's shipbuilding industry will likely begin picking up in 2014 despite the slumping global economy, a report said Sunday. The global shipbuilding market has contracted gradually since 2007, when the shipbuilding business index (SBI) reached 10...
2012-06-18 07:40:25
"Careful, ordering in China"
As a shipowner, you should keep a close eye on the work done by the shipyard if you choose to have your ships built in China, says Torben Janholt, CEO of J. Lauritzen. It takes a sharp focus on the shipyards' work to have ships built in China, but...
2012-06-18 07:13:02
STX-Hanjin, "Price Competitive"
South Korean shipbuilders, which operate overseas yards in the Philippines, China etc., are winning new orders with world's highest price competitiveness. Amid limited newbuilding demand caused by troubled global shipping market and shrinking shi...
2012-06-18 06:55:47
FSG wins 1st offshore vessels
German shipyard Flensburger Schiffbau-Gesellschaft has won an order for two offshore vessels, marking its entry into the area. FSG will build two vessels for WesternGeco to locate and exploit oil and gas reserves, for delivery in 2014. “The s...
2012-06-15 08:13:14
Damen built dredger in Egypt
A Damen Cutter Suction Dredger, type CSD500, has been built under license by Canal Naval Construction for the Egyptian General Authority for Fish Resource Development. The customer, a long term Damen customer, requested local construction which w...
2012-06-15 07:40:26
May orders plummet 62%
Last month has seen a month-on-month increase by 11.2% in new orders to 1.23m cgt, however, compared to May 2011, new order plummeted by 62% last month, which represents a current newbuilding market still under depression. According to Clarkson Re...
2012-06-15 07:05:37
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