Shipbuilding
Big3 fight for LNG-FPSO
South Korea's Big three are known that they are hurriedly commercializing LNG-FPSO. Following the only yard with new order record, Samsung Heavy Industries, Hyundai HI also completed independent model development for LNG-FPSO. Daewoo Shipbuilding ...
2012-01-12 07:16:06
Japan in crisis
2012 will be a critical year for Japanese shipbuilders when they would stand at the crossroads of life and death. Japanese yards are going through a tough time in competitions with Korea and China due to strong yen. If Japan leaves current situati...
2012-01-12 07:09:54
CSSC Chengxi inks two bulkers
CSSC Chengxi Shipyard of China and Ningbo Fonwa Shipping signed a newbuilding contract for two 49,000-dwt bulkers on 30 December 2011. Fonwa Shipping and CSSC Chengxi had previous business relationship of ordering two 53,000-dwt bulkers. It is k...
2012-01-11 12:49:07
Almi converts VLCC to LNG
Almi Tankers may become another Greek player to enter the LNG carrier market if a deal with Daewoo Shipbuilding & Marine Engineering goes ahead. The shipowner is negotiating to convert its two very large crude carrier newbuilding orders at DSME in...
2012-01-11 08:01:53
CSIC sees depression & restructuring
In a local media interview on 9 January, China Shipbuilding Industry Corp. spokesman said that shipbuilding market in China had entered into depression in 2011 and there would be a huge restructuring among Chinese shipbuilders in 2012. This year s...
2012-01-11 07:03:27
Box & LNG orders surged
Major South Korean shipbuilders made an outstanding new order results in 2011, by winning mainly for high-value newbuildings, including ultra-large boxship, LNG carrier, drillship, etc., amid a troubled shipping market. According to statistical da...
2012-01-11 06:57:29
Korea tops new orders
South Korean shipbuilders gained back the first place in new order from China in 2011. According to Clarksons on 10 January, South Korean builders secured 13.554m cgt of new order last year, while Chinese yards remained winning 9.202m cgt. Due ...
2012-01-10 09:58:29
Order adjustments to end by H1
Delivery postponement or newbuilding cancellation in the wake of the European financial crisis would make just a limited impact on shipbuilding market. Chairman Nam Sang-Tae, Korea Shipbuilders' Association said, "Unlike global financial crisis in...
2012-01-10 07:13:42
Delivery preferred in Jan
It is confirmed that January has the largest newbuilding delivery among twelve months in 2012. Owners particularly prefer the beginning of the year to the year-end, with consideration of ship age and second-hand price. Among scheduled 93 newbuild ...
2012-01-10 07:08:01
2012 market clouded
Shipbuilding market would meet a difficult year of decreasing new order by global economic depression and worsening profitability due to deliveries of low-margin newbuildings ordered after financial crisis in 2008. According to Korea Shipbuidlers...
2012-01-09 11:17:17
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