Shipbuilding
Gap widening to extremes
Along with South Korean Big3 shipbuilders, Hyundai Heavy Industries, Samsung HI and Daewoo Shipbuilding & Marine Engineering, leading LNG carrier, drillship and offshore businesses, a few medium-to-large yards, STX Offshore & Shipbuidling, Hyundai Mi...
2012-03-16 07:07:40
CMES to order 10 tankers
Chinese tanker operator completed private placement program to expand fleet. Shipowner China Merchants Energy Shipping (CMES) is poised for a big VLCC order as oil company Sinopec injects share cash. CMES, one of the largest tanker operators i...
2012-03-15 08:00:25
Newbuild prices at bottom
UOB Kay Hian, securities company in Singapore, says executives at China's Yangzijiang Shipbuilding and JES believe newbuilding prices have bottomed out with margins already in the “low single digits” for a new bulk carrier. Analyst Lawrence L...
2012-03-15 07:53:48
Jan-Feb orders plummet 64%
It is evident that ship owners have scaled back their newbuilding orders, despite lower pricing from many shipyards, amid depressed shipping market and straining owners' balance sheets. In its latest report, Clarkson Hellas noted that during Janu...
2012-03-15 07:04:29
China aims Top by 2015
China's shipbuilding industry may double its scale in the next four years on growth potential in sea transport and marine economy, and Shanghai is expected to play a big role toward meeting the goal. By the end of 2015, the market size of shipbuil...
2012-03-14 07:58:01
MSC contracts STX cruiseship
In Oslo, on 13 March 2012, STX Europe announced that MSC Croisières and STX France has entered into a contract for construction of the 140,000 gt cruiseship 'MSC Preziosa'. The ship was originally ordered by GNMTC with whom the contract had...
2012-03-14 07:53:23
Krasnoye wins tanker order
Russia's Krasnoye Sormovo Shipyard has won another 7,100-dwt tanker order from Turkmenistan. State owner Turkmendenizyollari has contracted its fourth river-sea vessel at the yard. The Nizhny Novgorod-based yard said the ice-class ship will h...
2012-03-14 07:47:09
OSX wins 11 MR PCs
OSX was hired by Kingfish do Brasil Navegacao S/A to build 11 medium range tankers, with 45,000 DWT each, for transportation of oil and clear products. These vessels shall be chartered by Kingfish to Petrobras. The approximate total value of the s...
2012-03-13 07:45:53
Chinese join forces to overcome crisis
Early this month, executives from major eight yards in Jiangsu, China gathered to discuss about decreasing new order, profits, etc., and to come up with measures to overcome recent crisis. President Ren Yuan Lin, Yangzijiang Shipbuilding pointed ...
2012-03-13 07:12:10
2013 expected to recover
Although global shipbuilding indexes show still weakness, after hitting the bottom this year, shipbuilding market would turn around and recover from 2013. Analyst Yum Dong-Eun, HMC Investment Securities reported on March 12, "Low newbuilding price...
2012-03-13 07:07:10
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