Shipbuilding
China orders drop 43%
Chinese shipbuilders’ order backlog dropped significantly this year from the end of last year due mainly to prolonged global economic uncertainties. The Chinese Ministry of Industry and Information Technology said in its report the country’s s...
2011-10-25 07:31:51
Weak ordering goes on
Weakening newbuilding order in the second half this year is expected to continue until the first half of 2012. Daishin Securities of South Korea forecasts decreasing turnover and troubling cash flow in 2012 due to ship-financing shrinkage and ship...
2011-10-25 06:46:20
Q3 orders down 60%
According to Clarkson Research Services, a total of 63 vessels of a cumulative 2.2m dwt, 1.2m cgt valued at $2.8bn were contracted in September, sharply decreased in new order value by 48% on August. Also, contracting in the third quarter fell by 60%...
2011-10-25 06:43:44
STX "Not to Worry"
South Korea's Mirae Asset Securities reveals that STX Offshore & Shipbuilding is secured against current concerns for its financing problem, which just grew with European financial crisis. Analyst Lee Seok-Jae from Mirae Asset said, "STX would ...
2011-10-24 11:51:55
Order slippage continues
Between 2006 and 2008, 12,584 vessels were contracted, of which 10,909 were scheduled to be delivered before the end of 2011. However, only 76% of those 10,909 vessels have actually been delivered as of today. The majority of these undelivered ve...
2011-10-24 07:31:39
Tsuji wins 1st pure-LNG MPP
The signing ceremony of the shipbuilding contract for "The World First Pure LNG Propulsion Multipurpose Vessel" was held in Shanghai on October 18th. Tsuji has signed the related contracts with Norlines and Rolls-royce. Norlines, with the suppo...
2011-10-24 07:25:29
LNG carrier order runs to 104
Additional new order for LNG carrier is estimated to be over 100 ships by 2020, excluding already ordered ones. Mitsui O.S.K Lines of Japan revealed that long-term demand for LNG carrier would lower by speculative orders mainly from Greek and Nort...
2011-10-24 06:46:35
Eco designs lure owners
Newly developed fuel-efficient eco-ship designs could turn up the newbuilding heat on an already oversupplied market. The emergence of a new generation of super-efficient ship designs is threatening to spark a fresh round of ordering that will st...
2011-10-21 10:40:47
Sinopacific pens 14 63K BCs
Sinopacific Shipbuidling Group of China inked further 63,500-dwt bulkers. The Group's subsidiary, Yangzhou Dayang Shipbuilding won four plus two 63,500-dwt bulkers from Ciner Group of Turkey, with delivery in August 2012-January 2013. Newbuild...
2011-10-21 09:57:26
Taizhou Kouan wins 64K BCs
Singapore-based Norr Systems has ordered two 64,000-dwt bulker newbuildings at Taizhou Kouan Shipbuilding in China for delivery in 2013. A Norr official confirms the order, saying the vessels were booked on the back of a long-term charter to Asia...
2011-10-21 08:26:48
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