Shipbuilding
China Ocean cuts losses
China Ocean Shipbuilding Industry trimmed its losses to HK$542.6m ($69.9m) last year, compared to HK $867.4m in 2010, due to higher revenues and a lack of amortisation costs. According to its annual report, the Hong Kong-listed company recorded re...
2012-04-04 07:48:17
Korea order & export plunge
In early 2012, South Korea's new order and ship export have sharply decreased year-on-year. During January-February period, Korean shipbuilders' cumulative contracts recorded 1.24m cgt, down by 53% on the same period 2011, said 'March Issue of 201...
2012-04-04 07:10:02
Korean S&M "Crash"
Faced with new order drought, many of South Korean small-and-medium shipbuilders have fallen considerable places or hidden away from the global shipyard ranking. According to Clarksons, as of March, on the basis of orderbook, the number of South K...
2012-04-04 07:04:55
Poland yard wins LNG ferry
Det Stavangerske Dampskibsselskab (DSD) of Norway has ordered two LNG-powered car/passenger ferries at Poland’s Remontowa yard. The ships will have capacity for 550 passengers and 165 cars and are set for delivery in the second half of 2013. ...
2012-04-03 07:11:50
China's cancellations surge
This year would face more newbuilding cancellations than 2011, chinese data show. In China during January-February period, orders for 22 vessels of a cumulative 1.18m dwt have been cancelled, which accounts for 0.8% of Chinese orderbook as of the ...
2012-04-03 06:38:32
"3 Years" toward recovery
Chinese shipbuilding industry sees that it would take at least three years for the industry to fully recover. China's national press Takung Pao covered, China's newbuilding price is in decrease amid frozen shipbuilding market. During March 15-30, th...
2012-04-03 06:31:12
Shipbuilding market "Turnaround?"
Shipbuilding market would possibly make a turn-around soon, said Hyundai Securities of South Korea on March 2. According to analyst Bang Jong-Uk, Hyundai, shipping market is likely to rebound, China Containerized Freight Index (CCFI) having increa...
2012-04-02 10:53:57
EXMAR orders 8 LPGCs
EXMAR announced on March 29, 2012 the order at Hyundai Mipo Dockyard of up to 8 LPG vessels of 38,000 m³ capacity. The vessels will be delivered from the first quarter of 2014 onwards. These vessels will be dedicated to strengthen EXMAR's alr...
2012-04-02 07:49:15
Namura bolsters up planning
Namura Shipbuilding of Japan has established a ‘Planning & Development Team’ under Ship/Offshore Design Department, as of April 1. With a goal to enhance product competitiveness, Namura has its planning team under design department stand on it...
2012-04-02 06:58:22
Hyundai to get Aggressive
With the lowest orderbook among other South Korean competitors, Hyundai Heavy Industries would make an aggressive move to win new orders, with an advantage of early delivery slots. Hi Investment & Securities estimated, Hyundai secures about 22 mon...
2012-04-02 06:55:04
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