Shipbuilding
Sinopacific keel laying CROWN 63 BC
In the afternoon of November 22, Sinopacific Shipbuilding Group held the ship keel-laying ceremony at its Yangzhou Shipyard (Dayang Shipbuilding Co., Ltd.) for DY4001 and DY4002, two first fabricated models of CROWN 63 (63,500DWT) Supramax bulk carri...
2011-11-25 07:15:13
Newbuild price 4-M straight fall
Since the beginning of the H2 of the year, newbuilding price has been in a downtrend, as yards started to reduce prices to fill capacity in the face of the Eurozone crisis, depressed ship financing, etc. Clarksons Newbuilding Price Index decreased...
2011-11-25 07:02:57
New order in doldrums
Newbuilding bulkers are steadily ordered by owners, in comparing to depressed newbuilding demands for tankers and boxship. According to Clarksons, there are continued newbuilding inquiries for bulkers in various sizes in the market. Also, Chinese ...
2011-11-24 10:50:00
Japan ship orders rise
Japanese export ship orders grew for the first time in six months in October on a year-on-year basis, rising a strong 26.5 percent to 854,570 gross tons, according to the Japan Ship Exporters’ Association. The October gross tonnage represents a ...
2011-11-24 08:01:50
COSCO president steps down
COSCO Corp (Singapore)’s president and executive director Jiang Li Jun has left his post in what the company has described as a routine “rotation”. He has been replaced as president by Wu Zi Heng, an executive director of the Singapore-list...
2011-11-24 07:50:33
Big3 undervalued-attractive
A depressed newbuilding commercial ship market along with financial crisis in Europe scares South Korea's investors toward shipbuilders. According to Korea Exchange, share price of Big 3 has plunged by some 40% since July this year. Most of shipbu...
2011-11-24 07:05:25
Romania shipbuilding grows
The shipbuilding activity in Romania went up by 40 percent last year on the previous, reaching some EUR 1.1 billion, according to the country’s Economy Ministry. Most of the production goes to export – 98 percent, and producers in Romania...
2011-11-23 08:01:53
SCF 1st VLCC steel cutting
An official steel cutting ceremony, marking the start of construction of the first of two VLCC (Very Large Crude Carrier) tankers ordered by SCF Group, took place in China on 14 November 2011. The ceremony was held at Bohai Shipbuilding Heavy Ind...
2011-11-23 07:57:47
Hanjin ready to recover
South Korea's Hanjin Heavy Industries & Construction is expected to increase in new order, as it is expanding business in plant division and getting ready for operation. Analyst Kim Hong-Kyun, Dongbu Securities, said that Youngdo yard is seen to ...
2011-11-23 07:11:22
50% of yard capacity to idle
Baltic & International Maritime Council (BIMCO) says that demand for shipyard space will shrink by half after 2014. Although currently fully ultilized, demand for shipyard capacity is set to fall by 50% in three years’ time. New tonnage con...
2011-11-22 07:42:03
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