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Shipbuilding
New order to rally: 2013
Global investment in newbuilding commercial ship is expected to be around 19.8m cgt in 2012, down by 37% year-on-year, but it may jump by 47% y-o-y to 29.2m cgt next year. Analyst Jun Jae-Chun, Daishin Securities of South Korea explained on May 23...
2012-05-24 07:17:32
COSCO hands over BCs
The Board of Directors of COSCO Corporation (Singapore) Limited wishes to announce that subsidiaries of the Company's 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: 1. COSCO (Guangdong) Shipyard Co., Ltd has delivered ...
2012-05-23 07:38:58
China delivery to increase
China's newbuilding delivery is expected to slightly increase in the second quarter, while its major shipbuilding indexes for Q1 all dropped year-on-year. According to China Association of the National Shipbuilding Industry (CANSI), Chinese shipya...
2012-05-23 07:11:39
New orders 'record-low'
2012 is to see a very small amount of newbuilding orders worldwide, falling below 20m cgt. Also, newbuilding price is hardly expected to rise. Analyst Jung Dong-Ik, Hanwha Securities of South Korea said that 277 vessels of a cumulative 5.15m cgt w...
2012-05-23 07:06:39
Big4 lead LNGC orders
South Korean Big4 shipbuilders - Hyundai Heavy Industries, Samsung HI, Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding - have made a clean sweep of nine newbuilding LNG carriers in the first quarter this year. Over 40 new...
2012-05-22 10:01:01
RWE names windfarm vessel
Bremerhaven, 21 May 2012 - During a festive ceremony in Bremerhaven, RWE Innogy is naming one of its two offshore installation vessels. The vessel "Victoria Mathias" will build the wind farm "Nordsee Ost" around 30 kilometres north of the island of H...
2012-05-22 07:51:36
Signals for recovery
Despite concerns over shipbuilding market amid Eurozone crisis, commercial ship market is getting ready to rebound. Analyst Park Mu-Hyun of E*Trade Financial Corporation said on May 18, "Although many are worrying about commercial ship market gett...
2012-05-22 07:12:19
Universal inks one VLCC
Kyoei Tanker of Japan placed an order for one 318,000-dwt VLCC at a Japanese shipbuilder Universal Shipbuilding, it announced on May 18. The newbuilding VLCC is slated for delivery during January-March in 2014. Kyoei now secures six VLCCs, at p...
2012-05-21 09:47:46
CSIC bags panamax BCs
China's Shenhua Zhonghai Shipping has booked bulker newbuildings at domestic yard. The owner has gone to Shanhaiguan Shipyard, under the control of the northern shipbuilding group China Shipbuilding Industry Corp (CSIC), for a pair of 76,000-dwt ...
2012-05-21 07:31:22
Sungdong confirm Livestock Carrier
On May 15 at Kuala Lumpur, Malaysia, Sundong Shipbuilding & Marine Engineering of South Korea and shipowner Pembangunan Buku Hijau Holdings (PBHH) of Malaysia held a signing ceremony for livestock carrier newbuildings. D. I. Jendol, Chairman PBHH ...
2012-05-21 07:12:51
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