Shipbuilding
Shipbuilding integrated with IT
South Korean government and shipbuilding companies plan to collaborate in integrating information technology into shipbuilding industry and run away from China further, which aims to catch up with Korea by 2015. The government and shipbuilders wou...
2012-03-28 07:03:36
Daewoo & Samsung stay 'strong'
Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries of South Korea would stay strong based on offshore sector, said Solomon Investment & Securities on March 27, suggesting buying opinions for both shipbuilders. Analyst Jun Yong-...
2012-03-27 11:55:26
Wenchong inks 2,190TEUs
Lomar Shipping has penned its second newbuilding contract in a month. It has booked up to six containerships at China’s Guangzhou Wenchong Shipyard hot on the heels of a pact for half a dozen bulkers at Cosco Corp (Singapore). In a statemen...
2012-03-27 07:19:39
China falls in Jan-Feb
Chinese shipbuilding industry has dropped in all of the main shipbuilding-related indices as well as ship export. In the first two months, Chinese shipbuilders' newbuilding delivery and order contracted decreased to 7.19m dwt and 4.94m dwt, down b...
2012-03-27 06:50:29
S&M Crisis Spreads
There is a growing fears that tornadoes of restructuring would take a toll on small-and-medium sized shipbuilders in South Korea. Samho Shipbuilding is now on a bankruptcy procedure, as having failed to hand in plans on liquidation or rehabilitati...
2012-03-27 06:36:49
STX pens 5,000-cbm LPG pair
STX Offshore & Shipbuilding of South Korea has contracted two 5,000-cbm LPG carriers, valued at KRW 45bn ($39.6m) with a Greek owner Brave Maritime Corporation, announced on March 26. The newbuilding pair, to be constructed at Busan yard, are sche...
2012-03-26 09:19:23
Hyundai cape in resale
Greece’s Tsakos Group is being linked to the resale of a capesize newbuilding at Hyundai Heavy Industries in South Korea. The vessel was originally ordered by collapsed Korea Line Corp (KLC) for delivery at the end of 2012. Efforts have rep...
2012-03-26 07:24:26
Big4 orders to increase 7%
South Korean big 4 shipyards will increase their revenues from new orders by 7% this year but other shipbuilding markets will take a terrible beating, says a newly published report by Paris-based shipbroker, Barry Rogliano Salles. According to the...
2012-03-26 07:06:08
Global Restructuring Looms
While the outlook for the global shipbuilding industry is clouded, massive yard capacity seems unavoidable to go through restructuring with new orders getting reduced. While the global yard capacity has just passed its peak, which still remains hi...
2012-03-26 06:53:46
Avic Dingheng pens gas carriers
Avic Dingheng Shipbuilding of China is about to ink additional pair of 4,500-cbm ethylene carriers from a Dutch owner Anthony Veder. Industry sources say that Avic Dingheng and Veder are finalizing the deal, with newbuildings delivered in the fi...
2012-03-23 12:43:12
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