Shipbuilding
PC over-ordering fear
Orders for new product carriers are swelling, with shipping tycoon John Fredriksen reportedly ordering up to 10 MR product tankers at STX Offshore & Shipbuilding's Jinhae shipyard in South Korea for $32.5m-$33m, fuelling fears that oversupply will we...
2012-02-01 08:13:24
Order slump continues
The first month of the year was rather slow in terms of newbuilding ordering activity. In its weekly report, Clarkson Hellas said that with the Lunar New Year holidays being celebrated in the Far East, the market has remained relatively subdued. H...
2012-02-01 07:56:09
Chinese 50% to "bite the dust"
President Tan Zuojun of China State Shipbuilding Corporation revealed that although Chinese shipbuilders were putting up a good show at present, there would be yards falling behind in two to three years by lack of high-value technology, during a Chin...
2012-02-01 07:13:06
Daewoo inks KOTC Tankers
Daewoo Shipbuilding & Marine Engineering booked New Year's first order. The South Korean shipbuilder announced on 31 January that it contracted a total of five newbuildings, including four VLCCs and one aframax product carrier, from state-owned K...
2012-01-31 09:53:28
Newbuilds make sense!
Despite the over-tonnage plaguing shipping markets, ordering further newbuildings today can “make good business sense”, says Hellenic Chamber of Shipping president George Gratsos. Due to very recent innovation in energy efficiency, new technol...
2012-01-31 08:27:21
Universal-IHIMU merge, finally
JFE Holdings Inc., Japan’s second-largest steelmaker, and IHI Corp. agreed to merge their shipbuilding units to create a builder to compete with South Korean and Chinese rivals. JFE and IHI will each hold 45.93 percent of the merged company whil...
2012-01-31 07:42:41
S&M go the limit
It is suggested that South Korean government should take drastic measures to cope with currently-troubled small-and-medium shipbuilders with lack of work and liquidity shortage. Analyst Yang Jong-Seo, Overseas Economic Research Institute of the Ex...
2012-01-31 07:02:27
New Century delivered 31
New Century Shipbuilding Corporation delivered a total of 31 vessels of 4.21m dwt in 2011, up by 20% y-o-y in deadweight terms. Operating profit and net profit recorded CNY 14.9bn ($2.35bn) and CNY 3.3bn each, in the first 11 months 2011. New Cen...
2012-01-30 11:04:34
China(4): Now & Future
The China Association of National Shipbuilding Industry (CANSI) pointed out that Chinese shipbuilders kept making a steady growth, however, the speed got slower and their orderbook is in decrease with some yards facing bankruptcy. Also, CANSI said...
2012-01-30 07:10:10
LNGC orders soar
Overall 51 fresh orders and additional optional 10 LNG carriers were contracted in 2011. This is about the same contracts from order-boom 2004 and sharply increased from seven+two newbuilding LNG carriers contracted in 2010, caused by owners' spec...
2012-01-30 06:55:51
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