Shipbuilding
Sungdong denies livestock order
Sungdong Shipbuilding & Marine Engineering told Asiasis today that the shipyard has not signed any newbuilding order for livestock carriers from PBHH of Malaysia. Yesterday, overseas media reported Sungdong sealed the 10-ship deal and the vessels ...
2012-05-16 11:46:46
STX PO orders heavy-lifter
Seoul and Singapore-listed STX Pan Ocean is to splash around $80m on a semi-submersible heavy-lift carrier newbuilding, a statement says. “The investment in the new carrier is to strengthen the company's diversification into the new business,...
2012-05-16 07:47:14
Sungdong scores new order
Sungdong Shipbuilding & Marine Engineering of South Korea has secured the first newbuilding order since the turn of this year. The shipyard has sealed a newbuilding order for 10 livestock carriers from PBHH of Malaysia. The vessels will be bui...
2012-05-16 07:40:56
Biggest Replacement Cycle Coming!
"Commercial ship market is still suffering from over tonnage and decreasing rate. However, would people do believe that if one says massive ship replacement cycle is coming?" Shipbuilding market specialized analyst Lee Sok-Je cast such a question ...
2012-05-16 06:55:29
China newbuild index drops
The China Newbuilding Price Index (from April 15 to 30) fell 0.4 per cent to 905 points and a four per cent fall compared to 939 points earlier this year, Xinhua reports. The index was first released in July 1 last year with 1,000 points as its ba...
2012-05-15 07:23:33
Global shipyards 'In Crisis'
With the backlog shrinking and newbuilding prices in depression, many shipyards in the world will face serious management crisis in 2012. According to Clarksons, Chinese shipyards' overall orderbook is 146m dwt (43%), while South Korea has 98m dwt...
2012-05-15 06:32:03
"Yards feel the pinch", Daewoo chief
In response to POSCO's CEO Chung Joon-Yang, who recently announced, "Steel industry is far more troubled than shipbuilding", President Ko Jae-Ho of Daewoo Shipbuilding & Marine Engineering said, "Shipbuilding industry is facing crisis just like the s...
2012-05-15 06:21:37
Sainty self-orders 64K BCs
Chinese shipbuilder Sainty Marine has plunged into shipowning with a plan to build six ultramax bulkers that will go on charter to a Greek owner. An executive at Sainty says its Hong kong subsidiary, Shun Gao Shipping, has placed an order for hal...
2012-05-14 07:04:00
Daewoo 18,000TEU steel-cutting
Daewoo Shipbuilding & Marine Engineering of South Korea had a steel-cutting ceremony for the world-largest containership. On May 12, Daewoo held a steel-cutting ceremony at its Okpo yard for a world largest ultra-large 18,000-teu boxship, ordered ...
2012-05-14 06:52:37
Greek pre-emptive ordering
Since global financial crisis in the second half of 2008, it turns out that Greek owners have massively purchased second-hand vessels whenever there has been crisis in the air. As Greek owners, who are known able to analyze shipping and shipbuild...
2012-05-14 06:46:10
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