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Shipbuilding
H2: Market forecast
Shipbuilding market will be busy in the second half of 2012, as well, due to investment in offshore project and LNG carrier. Analyst Kwag Min-Jung, BS Investment & Securities of South Korea forecast, "In the second half, offshore project and LNG c...
2012-06-11 11:29:01
Active orders in offshore
In May 2012, overall 29 offshore-related vessels/units were invested - four semi-submersible drilling rigs, two drillships, three jack-up rigs, four FPSO conversion and 13+3 offshore supply vessels. According to Eworldship, during the same month, ...
2012-06-11 09:37:02
DSSC quits newbuilding
DSME Shandong Co (DSSC), the Chinese block-manufacturing wing of Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea, is pulling out of newbuilding business just a year after making its debut. DSSC reveals it is staying away from newbu...
2012-06-11 08:02:52
China fails to win orders
Chinese shipyards are failing to find new work 20 months after Premier Wen Jiabao sought to encourage ordering by pledging $5 billion of loans to Greek vessel owners, who control the world’s biggest merchant fleet, bloomberg reports. The move b...
2012-06-11 07:56:43
LNGC price to rebound?
Newbuilding price for LNG carrier is to maintain current level without any rise for a while. Although its newbuilding price grew from $200m to $210m, up by 5%, due to massive investment last year, new order for LNG carrier would have slightly decr...
2012-06-11 06:54:54
Jinhai to ink MPP quartet
Jinhai Heavy Industries of China has signed a letter of intent (LOI) for four 28,000-dwt MPP newbuildings with a domestic owner. The Zhoushan-based shipyard does not reveal the name of the shipowner, however, sources said the newbuilding MPPs are...
2012-06-08 11:37:00
Oshima builds yard in Vietnam
The southern city of Cam Ranh, a deep-water bay in Vietnam in the province of Khanh Hoa, is to get a new shipyard worth VND 3,780 billion (US$180 million) with the granting of an investment licence to a Japanese firm. The project by Oshima Shipbui...
2012-06-08 08:04:23
China tops new order: May
According to Clarksons on June 7, Chinese shipbuilders contracted 40 vessels of a cumulative 661,000 cgt in May, while South Korean yards booked 18 vessels of a combined 324,000 cgt during the same month. However, Korean shipyards contracted aroun...
2012-06-08 07:17:32
Eco, 'A Big Wave'
Regarding recent news reporting a number of Greek owners blaming eco-design as just a sales gimmick by shipbuilders, an analysis is that it would be just a 'resistance against rapid market change'. Shipbuilding and shipping market analyst Lee Sok-...
2012-06-08 07:12:31
SPP pens 15 Eco MRs
SPP Shipbuilding of South Korea has recently contracted overall 15 MR product tankers (options included), totalling around $525m with three shipowners from Europe and Asia, it revealed on June 7. The contracted newbuildings are recently developed ...
2012-06-07 10:59:32
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