Shipbuilding
Sinopacific expansion begins
Recently China's Sinopacific Shipbuilding Group and Nantong Lianxing Port Shipyard signed a contract of selling 45% of Nantong Lianxing's shares over to Sinopacific. This is Sinopacific's first M&A, carried out by governmental policy which support...
2011-11-22 07:09:01
Korea bigger gap in 2012
South Korea's shipbuilding market would face tougher competitions between the top tier and second tier and within each tier in 2012. Analyst Lee Kang-Rok from Kyobo Securities forecasts that major three shipbuilders would have a hot battle in high...
2011-11-22 07:01:19
CSIC focus on R&D
China Shipbuilding Industry Corporation (CSIC) is concentrating on R&D and green-ship development. CSIC has made notable achievements in R&D. For instance, it made a successful result in 5,000-meter diving test of its deep-sea manned submersible, de...
2011-11-21 11:28:10
China eyes giant VLCC orders
The tanker market is facing a bleak future as China restates its intention to control the transport of 50 percent of its crude oil needs by 2015. Growth may have slowed in some mainland sectors this year, but it takes a lot of fuel to stoke an eco...
2011-11-21 07:52:55
Deltamarin B.Delta designs for BC
Deltamarin has signed an agreement with Tianjin Xingang Shipbuilding Heavy Industry Co., Ltd., part of CSIC Group for the design of four very low fuel consumption Handysize Bulk Carriers to be built for M.T. Maritime Management Group / Strategic Ship...
2011-11-21 07:27:44
STX finalizes Transpetro LPG carriers
STX OSV Holdings Limited reports that a contract for eight LPG carriers for Petrobras Transportes S.A. (Transpetro) has been made effective. The contract for the construction of LPG carriers was originally signed in July 2010, but not yet included...
2011-11-21 07:24:57
FPSO, "Best choice for LNG"
Operation of floating LNG production, storage and offloading unit (LNG-FPSO) is suggested to meet increasing LNG demand worldwide. Mr Kang Byung-suk, an executive director at Samsung Heavy Industries said during the 4th Seoul International Maritime ...
2011-11-18 10:06:19
Chevron talks to Samsung for LNG carriers
US energy major Chevron is in talks with shipyards for up to four LNG-carrier newbuildings. The company is understood to have been in discussions with Samsung Heavy Industries in South Korea for two vessels, with an option on a further pair. ...
2011-11-18 08:36:40
Golar to order more LNG carriers
Golar LNG is considering ordering yet more LNG carriers. Golar’s decision, announced on Thursday, to consider further LNG carrier orders is underpinned by its belief that newbuilding prices, which analysts say are around $200m, will stay put for...
2011-11-18 07:53:37
Daewoo year-end order shower
Daewoo Shipbuilding & Marine Engineering of South Korea is expected to derive huge benefits from new order for offshore division. Analyst Seo Jung-Duk from Meritz Securities said, "Daewoo is in a spurt to meet 2011 order estimate of $14bn by winni...
2011-11-18 06:55:01
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