Shipbuilding
Shanhaiguan completes ship-repair dock
China's Shanhaiguan Shipbuilding Industry (SHGSIC) revealed that its ship-repair dry dock was completed on 10 November. The dock, having begun its construction on 20 May 2010, is already in a normal operation. Now Asia-largest SHGSIC has doubl...
2011-11-17 12:37:43
Frontline to cancel tanker orders?
John Fredriksen’s Frontline may be forced to cancel its newbuilding program, a leading analyst has warned. With cash draining away in a difficult tanker market the Oslo- and New York-listed owner may need to ring the changes to prevent breachin...
2011-11-17 07:45:04
Jiangsu tops in ship export
A total of 27 provinces and cities in China have exported newbuildings this year, and among them, Jiangsu Province, Zhejiang Province and Shanghai City took overall 53.31% of ship exports totalling $17.095bn in the first nine months. Jiangsu ranke...
2011-11-17 07:19:36
STX pens 16,000TEU's
South Korea's STX Offshore & Shipbuilding revealed on 16 November that it inked new order for 2+4 16,000-teu ultra-large boxships from European shipping company. Also, STX finalized newbuilding contract modification with European owner, previously...
2011-11-16 14:23:13
Hanjin starts modernization
Hanjin Heavy Industries & Construction of South Korea is to modernize its Youngdo yard for early normalization after settlement between the management and labor union. Hanjin revealed on 15 November, "We decided to reorganize and up-grade Youngdo ...
2011-11-16 09:58:42
Chinese win BCs
The newbuilding market saw a flurry of dry bulk carrier orders over the last week, with Chinese yards taking the lion’s share of contracts. According to Clarksons, the demand for fresh tonnage appears to be driven by the continued fall in newbu...
2011-11-16 08:19:47
Newbuild prices near bottom
Newbuilding price falling could stabilize next year as they hit a floor set by rising costs for shipyards and there is contraction in excess shipbuilding capacity. Maritime Strategies International director Adam Kent says since the peak in 2007, w...
2011-11-16 08:08:38
Hyundai to meet target ?
South Korea's Hyundai Heavy Industries, having reached 90% of target, is working hard to meet the target, however, additional new order is not so imminent with three-year forward coverage. Samsung Heavy Industries and Daewoo Shipbuilding & Marine...
2011-11-16 07:18:34
Youngdo to normalize
South Korea's Hanjin Heavy Industries & Construction had a successful reconciliation between the management and labor union last week and starts off to normalization. The last pending matter of requesting arrest warrant for four staffs, including ...
2011-11-15 10:22:27
Hyundai Mipo to miss target
Hyundai Mipo Dockyard is unlikely to meet its 2011 order target as the shipbuilding market will not start on the recovery path until the second half of next year, Deutsche Bank says. Analyst Sanjeev Rana notes the Seoul-listed yard has secured co...
2011-11-15 07:30:54
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