Shipbuilding
Tianjin Xingang pens 40K BC's
China's Tianjin Xingang Shipbuilding Heavy Industry has won a newbuilding order for four firm 40,000-dwt handymax bulkers plus four options. Strategic Bulk Carriers, the dry-bulk arm of Singapore and Connecticut-based tanker specialist MT Maritime...
2011-12-02 08:41:25
Hyundai Mipo to win MR's
Scorpio Tankers has turned to investors for the cash it needs to bankroll the additional order for two product carriers that it is looking to build in South Korea. New York-listed Scorpio says it intends to offload 7,000,000 shares of common stock...
2011-12-02 07:18:37
Chinese record low order
Chinese shipyards received only 730,000-DWT new ship orders in October, marking the monthly lowest in 2011 and signaling the gloomy industry. In Yueqing, a city in the Yangtze River Delta where the industry was once prosperous, half of shipyards h...
2011-12-01 08:07:54
Bigger gap: Majors "take it all"
South Korea's shipbuilders seem to be close to restructuring, except Big3. Analyst Uhm Kyung-Ah from Shinyoung Securities said, "Daewoo Shipbuilding & Marine Engineering has recently decided to build a new floating dock, which is expected to start...
2011-12-01 07:11:11
Chinese close to M&A
China seems to push forward large-scale M&A by means of getting out of recent troubles. Official from the Ministry of Industry and Information Technology of China said that new order market has a bit improved since global financial crisis, however...
2011-12-01 07:05:08
Jinhai pens 1+1 bulkers
Jinhai Heavy Industry sealed a newbuilding deal for one and additional one optional bulkers with Greek owners on 26 November. The 64,000-dwt, 199.9m in length, 32.26m in breadth, 18.5m in height and 11.3m in draft, is an energy-efficient vessel, b...
2011-11-30 14:42:39
Chinese Clouded
During the 16th Marintec China 2011, chairman Zhang Sheng Kun, China Society of Naval Architects and Marine Engineers said that 2012 would be the hardest year for Chinese builders due to global financial crisis and China's over-capacity. He revealed ...
2011-11-30 10:39:08
Orders dry up, year-end coming
The silence in the newbuilding market continued last week. In its latest weekly report, Clarksons said that the newbuilding market remains very quiet, with the only business to report being that of four x 5,200dwt MPP Vessels to the Dutch based ow...
2011-11-30 08:34:33
Hyundai wins $23bn
Hyundai Heavy Industries has secured a total of $22.9bn of new order up to October this year. Its Shipbuilding and Offshore & Engineering divisions took 59% of new order with overall $13.6bn. The South Korean builder made an official notice that i...
2011-11-30 07:33:54
LNG-carrier market heated up
East Asia's three countries have clashed in newbuild LNG-carrier market. South Korea, securing 80% of new order, faces challenges from China and Japan. China intends to take over France's Gaztransport & Technigaz (GTT), of which original technolog...
2011-11-29 10:45:17
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