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Shipbuilding
Jiangsu newbuild order falls
According to Jiangsu Economic and Information Technology Commission of China, shipbuilding delivery in Jiangsu has been in an uptrend, while newbuilding order and orderbook in a downtrend during Jan-Sept this year. Jiangsu delivered 378 ships amo...
2011-10-18 15:18:56
Hyundai double naming 13,100TEUs
Hamburg shipowner E.R. Schiffahrt has christened its first two 13,100 standard container mega carriers at Hyundai Heavy Industries in Ulsan, South Korea. At 366 meters long, 48.2 meters wide and 15.5 meters draft, they are among the largest conta...
2011-10-18 07:45:33
SPP inks $1.2bn orders
SPP Shipbuilding of South Korea has recently won a newbuilding order for two plus one optional 52,000-dwt products tankers from Eastern Mediterranean Maritime (EastMed) of Greece. SPP revealed the ships are set for delivery by the end of 2013 wit...
2011-10-18 06:51:05
FX rate to hurt yards
Rapid increase in won/dollar rate (abrupt weakening of Korean won) would have a negative impact in South Korean shipbuilders' shares. Analyst Choi Kwang-Sik from LIG Investment & Securities said on October 17th, "Growth in exchange rate would rise...
2011-10-18 06:41:12
Yangfan pens more 76K BCs
Yangfan Group has booked a huge number of panamax bulker orders. Guangdong Lanhai Shipping, the shipping arm of Guangdong Lanyue Development Energy Co, has booked another 10 newbuildings. A source familiar with the deal says Lanhai has turned to Z...
2011-10-17 08:01:34
SWS delivers 206K Cape
On Oct. 12, Shanghai Waigaoqiao Shipbuilding launched a delivery ceremony for a 206-kiloton Capesize bulk carrier, which was independently developed and researched by China. This ship, named "Lan Mei," was customized for the U.S. Linfair shipping ...
2011-10-17 07:50:24
Mitsubishi new BC cuts CO2
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new bulk carrier which will enable reductions in CO2 emissions by about 25% compared with conventional averaged bulk carriers. As the first commercial application of the new design, MHI will...
2011-10-17 07:22:59
Japan's new order plummets
Japan's newbuilding order is on the decrease. Export-ship during January to September, reported by Japan Ship Exporter’s Association on October 13th, turns out overall 151 ships, 2.82m cgt, 6.14m gt, down 30% on the same period last year in terms o...
2011-10-14 11:29:44
SPP lands 52K PCs
SPP Shipbuilding of South Korea has reportedly won an order for two 52,000-dwt products tankers from Eastern Mediterranean (EastMed) of Greece. Brokers say the ships are set for delivery in 2013 with a price tag of $35.5m each. The deal is sai...
2011-10-14 08:47:51
Bulker orders rise
Despite the fact that the past week was a bit slow in terms of newbuilding ordering, mainly as a result of the Chinese National Day, newbuilding business jumped to 51 fresh new orders of a total deadweight of 1,966,629 tons, with bulk carriers leadin...
2011-10-14 08:26:36
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