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Shipbuilding
STX OSV on sale?
STX Europe could sell its controlling stake in STX OSV. Sources suggest the company has retained two major brokers to help offload its interest in the Singapore-listed specialized ship builder. STX Europe in July sold a 20% chunk of its part-...
2011-10-11 07:26:44
Restructuring Imminent
South Korea's shipbuilding industry worries over huge restructuring as a few major shipbuilders sweep new orders this year. Before 2008, major shipbuilders' share on new order used to be lighter due to green yards' market entry. However, big yard...
2011-10-11 06:50:49
Focus on high-value vessels
Shipbuilding industries of South Korea, China and Japan are finding ways to overcome troubled market by focusing on high-value vessels. The Nikkei of Japan reported on October 10th that the three countries, taking 90% of global shipbuilding market...
2011-10-10 10:43:58
China suffers slump
Affected by the continuously slumped international oceangoing ship market, China's shipbuilding industry is having a difficult time, with ship delivery of only 4.7 million DWTs in August, down nine percent year-on-year. A report on the website of ...
2011-10-10 07:24:11
CMA CGM, "No order" yet
CMA CGM has snubbed reports it is readying a 20-strong newbuilding order in China. In a statement Friday, CMA CGM says it has no short-term plans to either purchase or charter in more vessels. It says its fleet of 408 ships, of which 92 are o...
2011-10-10 07:12:20
Sinopacific wins Crown 63K BCs
Sinopacific Shipbuilding Group secured an order for 4+2 Crown 63 (63,500 DWT) Supramax bulk carriers from a foreign shipowner on October 8. The Crown 63 is a new generation bulk carrier which is self designed by Sinopacific Shipbuilding Group. ...
2011-10-10 06:34:06
Korea dominance begins
South Korean shipbuilding industry sees an opportunity to rebound despite weak shipbuilding shares continuing since August. Analyst Lee Suk-Jae from Mirae Asset Securities said that Korea had prepared to be the dominant player in the market with t...
2011-10-07 11:59:35
Hyundai bags VLGC
South Korea's Hyundai Heavy Industries has inked a contract to build a 84,000-cbm gas carrier with Indonesian oil company Pertamina. The vessel is the first very large gas carrier (VLGC) to be ordered by the Jakarta-based company. The vessel i...
2011-10-07 08:32:59
Hyundai Mipo wins Ro-Ros
South Korea's Hyundai Mipo Dockyard has reportedly won an order for two 12,600-dwt Ro-Ros from French shipowner Maritime Nantaise. The newbuilding duo is scheduled for delivery in 2013. The deal includes an option for a third ship.
2011-10-07 08:22:03
Hudong-Zhonghua inks 87K BCs
Hudong-Zhonghua Shipbuilding wins two post-panamaxes from a US shipowner. New York-based Foremost Maritime has ordered two 87,000-dwt post-panamax bulkers from Hudong-Zhonghua in Shanghai. Well-placed sources say the order was made earlier th...
2011-10-07 08:07:03
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