Shipbuilding
Korea vs. China: Neck to Neck
Cutthroat new order award competition between South Korea and China is expected to continue. In 2011, demand for high-value vessel increased, while that for commercial ship was in decrease. Facing with a change in ship demand structure, Korean sh...
2011-12-27 07:08:56
Big3 target $40bn: 2012
Shipbuilders tend to operate the yard rather conservatively, by setting 2012 target similar to or lower than that from 2011, as newbuilding price being in decrease and new order for commercial ship expected to be in depression next year. Therefore...
2011-12-26 14:23:56
“Early recovery hard to expect"
CEO Choe Weon-Gil, Hyundai Mipo Dockyard (HMD), forecast that shipbuilding market would not be recovered in a short period, from HMD's recent news letter. Choe said, "We are watching intently for a possible double dip. Many European banks have tig...
2011-12-26 10:20:15
Sinopec eyes LNG carriers
Sinopec teams up with China Shipping Development Co (CSDC) to build around five LNG carriers. The company said its Hong Kong-based outfit Kantons Investment has formed a joint venture with CS LNG, a CSDC subsidiary. CS LNG will hold a controlling ...
2011-12-26 07:39:35
Hyundai Mipo inks 52K PC
Scorpio Tankers announced on Dec 22 that it has signed a contract with Hyundai Mipo Dockyard of South Korea ("HMD") to construct a 52,000 DWT MR product tanker for approximately $36.4 million ("sixth newbuilding"). The shipowner also executed a $9...
2011-12-26 07:33:17
Brunei eyes new LNG carriers
Brunei is starting a search for a pair of LNG carrier newbuildings. The Asian LNG producer is kicking off phase two of its fleet renewal with a tender for two 165,000-cbm newbuildings. Shipyard sources say Brunei has launched a tender for two...
2011-12-23 10:20:08
Running for VLCC tender!
Taiwan's newly-established JV tanker player is now proceeding with a major VLCC tender that will set a new benchmark for VLCC newbuilding values. Global Energy Maritime is looking for a yard to build two VLCCs plus an additional four, reportedly. ...
2011-12-23 09:09:14
Deliveries onto "downhill"
Amid global economic crisis, delivery would sharply decrease from 2012 on, although builders made a record-high delivery this year. Clarksons recently divided global yards into three groups - Mega-yards (orderbook with over 1m cgt), Big-yards (0.5...
2011-12-23 08:02:52
Drillship, "To be continued"
New orders for ultra-deepwater drillship, used to lead newbuilding market in the first half 2011, has slowed down a bit in H2. However, newbuildings would resume to be sealed from the second quarter 2012. Analyst Jun Jae-Chun from Daishin Securiti...
2011-12-23 07:55:00
Wartsila new design for pipelayer
Wärtsilä, the marine industry's leading solutions provider, is to supply the design and propulsors/positioning system for a series of two new flexible pipe laying vessels (PLVs) for advanced operations. The vessels are to be built at th...
2011-12-23 07:20:53
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