Shipbuilding
CSSC's rapid growth
According to recent coverage from CCTV from China, China State Shipbuilding Corp (CSSC) reached global top in delivery, new order and orderbook in 2011. In particular, there had been several new tryouts in R&D for offshore facilities and high-value v...
2012-02-06 11:05:15
Japanese seek LNG newbuilds
Japan's Kansai Electric has emerged with an expected LNG-newbuilding requirement and a compatriot utility has upped the number of vessels it is seeking. The business could provide contract-hungry Japanese shipyards with orders for up to six LNG c...
2012-02-06 07:25:10
Samsung aims $13.7bn orders
"Profit recovery for H2 2012 is expected," regarding Samsung Heavy Industries. The South Korean shipbuilder publicly announced that its turnover and operating profit in the fourth quarter decreased to KRW 3.2982trn ($2.95bn) and KRW 181.7bn, down ...
2012-02-06 06:56:07
Stena MR tender extended
Shipyards were given a one-month extension to submit offers to build a series of 52,000-dwt MR product carriers for Stena Bulk and Weco Shipping. The yards have until 25 February to make their bids. They had originally until the end of last month...
2012-02-03 09:04:12
JJ Siestas sees hope
Dutch owner Van Oord has thrown a potential lifeline to Germany’s insolvent JJ Sietas shipyard. It has renegotiated an earlier order for an offshore wind turbine transport and installation vessel, with an option for a second vessel. Sietas ...
2012-02-03 08:18:57
Samsung extends drillship
Pacific Drilling S.A. announced on Wednesday that one of its subsidiaries has reached an agreement with Samsung Heavy Industries to extend until February 17, 2012 an option to construct a seventh ultra-deepwater drillship. Under the revised terms...
2012-02-03 07:53:09
Contract modification worrisome
Newbuilding contract cancellation or delivery postponement by overseas shipping companies are rallying again due to depressed global shipping market in the aftermath of financial crisis. Above all, as those cancelled or postponed vessels are mostl...
2012-02-03 07:13:09
Hyundai wins VLGC
Hyundai Heavy Industries has landed the New Year's first newbuilding order. Industry sources said on Feb. 1st that the world's largest shipbuilder was awarded a contract to build a 84,000㎥ LPG carrier from Indonesian state-owned Pertamina on Ja...
2012-02-02 07:39:37
Ship exports waning
South Korea's trade balance faced $1.95bn of deficit in January 2011, first monthly loss since January 2010. Export has decreased from the same month last year, in particular, which is for the first time since October 2009. On 1 January, the Minis...
2012-02-02 07:34:20
Big3 win 1st orders
South Korea's Big three shipbuilders are busy to win new orders from the beginning of the New Year. Sources said that Hyundai Heavy Industries recorded its first New Year's contract for one 84,000-cbm LPG carrier (VLGC) from Indonesia's state-owne...
2012-02-02 07:26:28
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