Shipbuilding
KOTC to pen 50K PC's
Kuwait Oil Tanker Co (KOTC) is evaluating shipyard bids for industry's highest specification tanker newbuildings. The oldest tanker company in the Middle East hopes to place orders for nine tankers in South Korea before the year is out. On its...
2011-10-21 08:20:58
Orders sink two-year low
In September, South Korean shipbuilders' new order hit bottom in two years along with sharp decrease in worldly order from overseas owners. Governmental data shows that Korea records 390,000 cgt last month, the monthly-lowest in recent two years a...
2011-10-21 06:55:46
Samsung to reach $17bn
Samsung Heavy Industries of South Korea is forecast to reach around $17bn of new order by 31 December, already having secured $15bn year to date. E*Trade Securities says Samsung has won the biggest new order, among which offshore sector takes 60%,...
2011-10-20 15:28:34
Double Whammy
Shipbuilders face double whammy of shrunk new order and fall in newbuilding price in the third quarter. According to Clarksons, overall new order during the first half totalled 732 ships, however, only 27.3% of the figure, that is, 200 orders were...
2011-10-20 06:57:36
Sanoyas revamp for recovery
Sanoyas Hishino Meisho of Japan revealed at a press conference on October 18 that it will speed up restructuring for its big change in such an upheaval. Sanoyas established 'Sanoyas Holdings' on October 1st and plans to split its shipbuilding depa...
2011-10-20 06:52:54
Korea Sole Lead
South Korea took the first place for newbuilding order for Q3 with outperforming in high-value ships, such as LNG carrier, drillship, etc. The Ministry of Knowledge Economy and the Korea Shipbuilders' Association's statistical data on October 19 s...
2011-10-20 06:48:01
Daewoo inks two LNG carriers
Daewoo Shipbuilding & Marine Engineering of South Korea is on the march by winning two LNG carriers. Daewoo revealed on October 19 that it booked two 170,000-cbm LNG carriers totalling slightly over $400m from Stena Bulk of Sweden, with delivery b...
2011-10-19 11:47:30
Orders rise for BCs
Appetite for bulk carriers resurfaced as a result of the latest upward trend of the freight market, prompting shipowners to head back to shipyards for newbuildings. According to the latest report from Clarksons, there were further reports of contr...
2011-10-19 07:45:58
Digital Ship Korea around the corner
Digital Ship Korea conference is to be launched for the first time ever in Bexco, Busan, South Korea, on 28 October 2011. Taking place during Kormarine 2011, this highly focused one day event will bring together the region's maritime IT, communica...
2011-10-19 06:46:53
China orders plunge
Statistical data from Ministry of Industry and Information Technology of China show that newbuilding delivery continues its double-digit increase, however, newbuilding order sharply declines. From January to September, newbuilding delivery in Chin...
2011-10-19 06:42:19
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