Shipbuilding
Korean charters VLGC newbuild
South Korean LPG distributor E1 Corp has chartered a new very large gas carrier for ten years, in bullish times for LPG shipping with supply of the fuel forecast to rise significantly in coming years. The VLGC is owned by Japan’s Sanko Steamshi...
2011-12-06 07:45:00
ThyssenKrupp sells yard
Germany’s ThyssenKrupp looks likely to sell its Blohm & Voss shipyard to UK investor Star Capital Partners. The deal could be sealed within 14 days, the Financial Times Deutschland reported, citing sources close to the supervisory board. Ag...
2011-12-06 07:41:24
Korean future strategy
There will be a meeting to discuss mid- and long-term development for South Korea's shipbuilding and offshore industry. The Korea Shipbuilders' Association (KOSHIPA) revealed that 'Seminar on Shipbuilding & Offshore industry Development' will be h...
2011-12-06 07:02:09
Korean may soar 80%
South Korean shipbuilding stocks may jump as much as 80% in four months as they catch up with gains in oil prices. The Korea KRX Shipbuilding Index, which tracks Hyundai Heavy Industries, Samsung Heavy Industries and eight other shipbuilding stock...
2011-12-05 11:36:11
New order plunges 58%
New order is obviously in depression during the second half in the face of global economic uncertainty and shriveling ship financing. Clarksons revealed that monthly average of new order in H2 sharply decreased by 58% on the first half. Greek ...
2011-12-05 09:54:25
Chinese to ride wave
Pressed by the difficult market conditions, China plans to enhance the competitiveness of its shipbuilding industry by developing a handful of major players, said Guo Yanyan, a senior official at the Ministry of Industry and Information Technology (M...
2011-12-05 07:25:29
Big3 hoard orders
Despite shrinking ship financing and tonnage overcapacity, South Korea's Big3 are expected to continue new order momentum. Analyst Yoo Jae-Hoon from Woori Investment & Securities said on 2 December, "Overall new order for merchant ship in 2012 is ...
2011-12-05 06:44:16
GSI inks 38K PC's
Guangzhou Shipyard International (GSI) of China won new order for two chemical/product carriers from Tomaso of Greece. The 37,500-dwt tankers have self-developed by GSI and firstly contracted by recent deal with Tomaso. Meanwhile, GSI has won a to...
2011-12-02 14:58:33
Hanjin pens three PKGs
Hanjin Heavy Industries & Construction won new order for three patrol killer guided missiles (PKG) from Defense Acquisition Program Administration (DAPA). DAPA revealed on 2 December that it decided Hanjin as the final builder. The contract amo...
2011-12-02 12:19:09
SWS wins more 206K BC's
Shanghai Waigaoqiao Shipbuilding (SWS) in China has won more 206,000-dwt bulker newbuildings. Greek owner Polembros Shipping has exercised options for two 206,000-dwt bulkers at SWS, a major subsidiary of CSSC. The company earlier booked two o...
2011-12-02 08:48:11
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