Shipbuilding
Korea exceeds $10bn order
In April, South Korean shipbuilding industries seized over half of new orders in the world and exceeded cumulative order of $10bn. According to Clarksons on May 4, Korean shipbuilders contracted 17 vessels (543,943 cgt) of $2.3bn last month, accou...
2012-05-04 11:59:20
HMD-STX-SPP lead MR market
South Korea's Hyundai Mipo Dockyard (HMD), STX Offshore & Shipbuilding and SPP Shipbuilding are leading medium-range newbuilding market, amid depression in global shipbuilding market due to diminished ship financing and ordering. According to Clar...
2012-05-04 10:46:40
Chinese face severe recession
Qiligang Shipbuilding is one of several troubled shipbuilding firms in the eastern coastal Zhejiang province, the world's largest manufacturing base for small to medium-sized dry docks. According to local media, around 80 percent of shipyards in Z...
2012-05-04 08:12:09
Diana mulls BC order
Diana Shipping plans to continue fleet expansion in the coming quarters with the support of banks and its own cash reserves, according to Simeon Palios. In a conference call with analysts and investors, the New York-listed bulker owner’s chief ...
2012-05-04 07:50:57
New order "Higher" in H2
South Korea would see more orders in the second half this year than the first half. In 2011, $38bn were contracted in H1 and $12.8bn in H2, typically more orders in H1. However, prospected orders for H1 and H2 this year are $20.6bn and $28.2bn each. ...
2012-05-04 07:11:30
Yards "loaded" to win orders
Along with resumed sales of newbuildings and stable raw-material cost, rising shipping indexes, South Korean shipyards' share prices also grew in the morning on May 2. LIG Investment & Securities said that CCFI (China Containerized Freight Index) ...
2012-05-03 10:03:41
Ordering rises, scrapping goes on
New businesses have been reported in the past week, including product carrier, LPG carrier, PCTC, etc., as well as drillship, offshore subsea construction vessel, etc. Clarkson Hellas mentioned, "The newbuilding orderings were concluded across a r...
2012-05-03 08:37:54
Over-10,000TEUs hit the water
Ultra large containerships with capacity of over 10,000 teu accounted for more than 80% of boxship newbuilding deliveries in April, according to figures from Lloyd’s List Intelligence. Of the total 125,709 teu of capacity that hit the water in A...
2012-05-03 08:07:32
Kuwait builds six tankers
Kuwait Oil Tanker Co will start building six oil and gas tankers in 2014 and receive nine others as part of a deal with South Korea's Daewoo Shipbuilding & Marine Engineering, state-run news agency KUNA said on Wednesday, Reuters reports. The new ...
2012-05-03 07:55:30
Hyundai Low-Vibration Design
As the fuel consumption efficiency of a ship is becoming a primary concern for shipowners, the length of the hull and the operating speed of the main engine decrease while the breadth increases. The height of the deckhouse is also increased to pro...
2012-05-02 08:14:29
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