Shipbuilding
Alert to "China Factor"
Global newbuilding market is over-supplied, as Chinese government's support for domestic shipbuilders continues. Mitsui Sumitomo Banking of Japan explained that China's financial institutions and government exert a massive influence on supply and ...
2011-11-11 07:00:05
SWS pens 206K ore carrier
Teh-Hu Cargocean Management Company of Hong Kong signed a newbuilding contract for one ore carrier with CSSC-affiliated Shanghai Waigaoqiao Shipbuilding(SWS) of China on 8 November. The next-generation 206,000-dwt ore carrier based on SWS' own des...
2011-11-10 12:32:39
Shin Kurushima inks chip carrier
Hachiuma Steamship of Japan recently placed one newbuilding chip carrier at Shin Kurushima Dockyard. The ship is to be delivered by October 2013 and operate in chip transportation for the Japanese paper manufacturer. Hachiuma, operating a tota...
2011-11-10 10:10:26
Yang Ming turns to 8,000TEU's
Taiwan's Yang Ming Marine Transport is to press ahead with newbuilding orders but not for the 16,000-teu mega ships proposed by the company's chairman. The Yang Ming board decided further deliberation was needed before committing to a five vessel...
2011-11-10 07:40:55
Korean hard-going overseas
South Korea's overseas yards are facing with declined new order, as well, when overall yards are troubled with order drought by overcapacity and global financial crisis. STX Dalian's new order amounting $300m is far less than yearly target of $1.5...
2011-11-10 06:38:55
Dent in orders lasting
Ultra-large boxship has boomed from the end of last year to first half of 2011, however, new order for containership is expected to slow down in H1 next year by shrinking ship financing and tough shipping market. Offshore plant looks promising in ...
2011-11-10 06:34:36
Yangzijiang profit record-high
Yangzijiang Shipbuilding of China has made record earnings despite tough conditions in the shipbuilding industry. Yangzijiang’s net profit for the third quarter passed CNY 1bn ($160m), increased by 40% on last year. Also, revenues were up 12% to...
2011-11-09 15:48:35
Record Pax. deliveries
Panamax bulk carrier rates continue to slide amid a lack of cargo inquiry and record deliveries of newbuildings into market. In addition to vessels already in service, panamaxes, like other dry bulk sectors, continue to feel the pressure of newbui...
2011-11-09 07:34:51
Korea sweeps LNG carriers
South Korea's major shipbuilders win steady new order for LNG carriers while global new ship orders rapidly decrease during the second half. Daewoo Shipbuilding & Marine Engineering inked two 170,000-cbm LNG carriers, valued at over $400m, from St...
2011-11-09 06:45:05
"Low carbon" breakthrough
Overall shipbuilding industry as well as Chinese shipbuilders are facing with difficulties, however, green ship becomes a light to overcome decreasing new order and needs of restructuring. According to China Association of National Shipbuilding In...
2011-11-09 06:41:10
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