Shipbuilding
China eggs on over-tonnage
Chinese shipyards will continue to construct more newbuildings in the tanker, dry-bulk and container segments although there is a surplus of tonnage in market and the global economic slowdown, said DNB. At the DNB investors conference in Singapore, "...
2012-06-14 09:04:48
H2: Trouble goes on
As economic uncertainty continues, demand for shipbuilding and automobile business is expected to face a severe damage in the second half of 2012. During '2012 H2: Industrial Forecast Seminar', held by the Federation of Korean Industries (FKI) on ...
2012-06-14 07:38:41
Shipbuilders face 'dark clouds'
'Posidonia 2012 (June 4-8)' has been silent with no news of major investment, but just Hyundai Heavy Industries of South Korea's signing ceremony for 1+1 162,000-cbm newbuilding LNG carriers with a Greek owner Tsakos Energy Navigation. Historical...
2012-06-14 07:33:39
Shipbuilders start 2nd restructuring
Shipbuilders will be difficult to recover in the second half, as many of them are expected to go through the second restructuring. However, South Korean shipyards seem to be undervalued than other global competitors. Analyst Sung Ki-Jong, Daewoo ...
2012-06-13 10:39:11
GSI, "Stop price wars"
Chinese state-owned shipyard says margins of new orders are too small for shipbuilders to survive. CSSC-affiliated Guangzhou Shipyard International (GSI)'s General Manager Han Guang-De calls for resistance to price wars between yards to protect ma...
2012-06-13 07:51:56
'Restructuring to last 3 years'
Guangzhou Shipyard International (GSI)'s General Manager Han Guang-De prospected that global shipbuilding industries would have the restructuring period in the next 2-3 years, on June 8 at its shareholders' meeting. He said, newbuilding demand sta...
2012-06-13 07:00:01
HMD benefits from Eco MR
As demand for new high-efficient newbuildings increases amid rising oil price, South Korea's Hyundai Mipo Dockyard is expected to be a huge beneficiary. Analyst Park Mu-Hyun, E*Trade Securities said on June 12, "Global oil price maintains at aroun...
2012-06-13 06:51:00
Maersk buys HMD eco MR
Shipowners are starting to pay a premium for environmentally friendly new tonnage. An affiliate of AP Moller-Maersk is tipped as the buyer of two medium-range tankers under construction at Hyundai Mipo Dockyard in South Korea. Of the 53,000-dw...
2012-06-12 07:56:33
Hanjin Subic wins 5,100TEUs
German shipowner Bernhard Schulte and private equity group JP Morgan has reportedly jointly ordered a series of new 5,100-teu newbuildings. Subic shipyard of HHIC-Phil, the Philippines unit of South Korean Hanjin Heavy Industries & Construction al...
2012-06-12 07:39:33
Spain bailout boosts shipbuilding
On a news that Spain requested for a bailout fund, share prices of South Korean shipyards have shown a strong rise on June 11. On the same day, as Eurozone crisis uncertainty has been relieved by Spain seeking assistance for its ailing bank, shipy...
2012-06-12 07:06:15
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