Shipbuilding
Hyundai Samho revenue "Largest"
Hyundai Samho Heavy Industries announced Wednesday that it has achieved the all-time high revenue of KRW 4.8trn ($4.15bn) for 2011. The South Korean shipbuilder delivered 49 vessels. Also the Hyundai Heavy Industries-affiliated yard won new ord...
2011-12-29 08:26:58
Deliveries flood the market
This year has seen newbuilding deliveries peak and keep "flooding" the market. In its latest weekly report, shipbroker Intermodal said that in the dry bulk sector "we witnessed a formidable fleet growth level this year as the excess in new orders...
2011-12-29 08:15:46
MOL orders High-efficiency Cape
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) announced that it has ordered a new cape-size bulker that will adopt element technologies of the next-generation ISHIN-III vessel program to achieve high fuel efficiency. Universal Shipbuilding ...
2011-12-29 07:37:50
IHIMU delivery up 9%
IHIMU of Japan announced its 2011 newbuilding delivery on 27 December. IHIMU delivered a total of newbuild 26 vessels of 1.34m gt so far this year, up by 9% in gross tonnage terms. 2011 newbuilding delivery includes four VLCCs, one containership,...
2011-12-28 09:56:39
Mitsubishi licenses tech to L&T
Japan's Mitsubishi Heavy Industries, Ltd. (MHI) announced on Dec. 27th, that it has agreed with L&T Shipbuilding Limited (LTSB), the shipbuilding arm of India's Larsen & Toubro Limited (L&T), under which MHI will provide a broad range of technologica...
2011-12-28 07:21:21
China orders cut in half
Although newbuilding delivery in China showed a steady increase during January-November period, new order and orderbook are in downturn trend giving bad effect on development of Chinese shipbuilding-related industries because of economic uncertaintie...
2011-12-28 06:55:47
SPP reaches $1.4bn target
SPP Shipbuilding of South Korea has nearly reached its new order target for this year, by winning a total of 40 vessels of $1.4bn, despite recently clouded shipbuilding and shipping market and European financial crisis. Facing with decrease in new...
2011-12-28 06:50:46
Hyundai Samho record-high delivery
South Korea's Hyundai Samho Heavy Industries made a record in delivering a total of 48 vessels of 5.74m dwt so far this year. Starting with a delivery of S385, 317,000-dwt VLCC to Today Makes Tomorrow (TMT) of Taiwan on 6 January, Hyundai Samho su...
2011-12-27 12:44:55
Japanese struggle to survive
Kazuaki Kama, chairman of the Shipbuilders' Association of Japan said Japanese shipbuilders' new order receipt decreased by 14% YoY to 3.75 million compensated gross ton in January to November 2011 period and he emphasized the severe business conditi...
2011-12-27 08:16:12
IHC Merwede targets Asian yards
IHC Merwede has identified two yards in Indonesia as among its potential acquisition targets in South-east Asia. The Dutch shipbuilder expects to conclude talks with at least one yard in South-east Asia within the first half of 2012. It seems...
2011-12-27 07:59:31
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