Shipbuilding
Japanese lose edge?
Overall Japanese shipbuilders now face stagnant new order by decreased competitiveness. Japan Ship Exporter’s Association (JSEA) reported that Japanese shipbuilders' export ship contract in 2011 plummeted to 8.96m gt, down by 19.6%. Since 199...
2012-01-25 06:58:33
Daewoo's LNG-fueled 14,000TEU
Leading international classification society Bureau Veritas has given approval in principle for the basic design of a 14,000 teu containership to be powered by LNG. The design was developed in a joint industry project between Korea's Daewoo Shipb...
2012-01-20 08:14:31
Korean to sweep $61bn
South Korea's shipbuilders and offshore engineering players are expected to win overall $61.1bn worth of new orders this year, up by 4.8% on 2011, however, big three would dominate the market. On the report for shipbuilding industry, analyst Park ...
2012-01-20 07:08:41
"Korean Eleven" target $54bn
South Korea's 11 major shipbuilders are to progressively work to bear fruits, targeting $54bn of new order for ships and offshore plants in 2012. The Ministry of Knowledge Economy (MKE) and the Korea Shipbuilders' Association (KOSHIPA) revealed on...
2012-01-20 07:00:59
Japan new orders fell 20%
JSEA reveals Japanese shipbuilders saw new ship orders decline 20% last year. The Japan Ship Exporters' Association (JSEA) announced Wednesday that export ship new orders for 2011 totaled 218 ships of 8.96m gt, down by 20% from a year earlier, in ...
2012-01-19 08:18:16
Yangzijiang move applauded
Yangzijiang Shipbuilding could reap long-term benefits from its entry into the shipowning arena, an analyst said. The Chinese shipbuilder has teamed up with Germany’s Peter Dohle to jointly operate four post-panamax bulk carriers that are to hi...
2012-01-19 07:34:58
Koreans need state LNGC
South Korean shipbuilders strongly ask for new order placement for Korean-flagged LNG carriers, amid tactic competition between Korean and China over GTT's acquisition. GTT, holding patents of 'TechniGas MarkⅢ' and 'GT No.96' for its LNG cargo c...
2012-01-19 07:08:11
Euronav cancels Samsung suezmax
Euronav’s bottom line took a beating in the fourth quarter after cancelling a suezmax tanker on order in South Korea. The NYSE Euronext-quoted company posted a net loss of $50.6m in the three months to 31 December, versus a deficit of $17.6m in ...
2012-01-18 08:14:25
Samsung smooth-sailing
Samsung Heavy Industries of South Korea seems to easily achieve its new order target of $12.5bn in 2012. Analyst Sung Gi-Jong, KDB Daewoo Securities said on 17 January, "As projected demand for LNG-FPSO, LNG-FSRU and other specialized vessels is e...
2012-01-18 07:27:29
China ship output up 23%
The gross industrial output of shipbuilding-related enterprises in China jumped 23%YoY to CNY 707.6 billion in the first 11 months of 2011, according to the latest statistics released by the National Development and Reform Commission. The growth ...
2012-01-17 07:30:23
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