Shipbuilding
Focus on tech & patent
South Korea's shipbuilding industry is in a lead with its own high-value technology. Hyundai Heavy Industries has successfully developed a world-largest 190,000-dwt icebreaking commercial ship, which is able to sail breaking 1.7m of ice in 6 knots...
2011-08-29 06:12:35
Hyundai orders jump 70%
South Korea's Hyundai Heavy Industries Thursday announced that its July revenue came in at KRW 1.88trn ($1.73bn), jumping 13.75% from a year ago. January-July revenue totalled KRW 14.24trn, up 15.84% year-on-year. By July this year, the company...
2011-08-26 08:32:35
STX inks 10 MR tankers
STX Offshore & Shipbuilding has reportedly signed a letter of intent (LOI) with Transmed Shipping of Greece to build up to 10 medium-range (MR) products tankers. Informed sources say the Greek owner has signed the LOI for five firm vessels and fi...
2011-08-26 07:49:33
Samsung wins LNG carriers
Greece's GasLog is said to have bumped up its LNG-newbuilding order tally to eight with a pair of ships. Industry sources say GasLog has firmed up two more 155,000-cbm newbuildings at Samsung Heavy Industries. If the report is true, Samsung wo...
2011-08-26 07:38:08
SWS offers $30m for kamsarmax
Greek shipowner Chartworld is looking at China’s Shanghai Waigaoqiao Shipbuilding for up to six kamsarmax bulkers. Chartworld is understood to be looking at kamsarmax prices of around $30m, down from over $50m three to four years ago at the pea...
2011-08-26 07:31:39
Big 3 to meet target
South Korea's Big 3 shipbuilders, namely Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbbuilding & Marine Engineering, all seem to achieve order target this year. Samsung having already exceeded its target, Hyundai and Daewoo ...
2011-08-26 06:50:06
Rongsheng eyes 3 VLOC deliveries
China's Rongsheng Heavy Industries expects that it will deliver two to three of its giant $1.6bn 12-vessel order for 400,000 dwt dry bulk ships by year end. But chief executive Chen Qiang appeared to have difficulty addressing the question of whe...
2011-08-25 07:29:44
Rongsheng Robust Growth
Hong Kong listed shipbuilding giant China Rongsheng Heavy Industries Group Holdings Limited reports soaring revenues and profits for the six months ended June 30, 2011 - a period that saw the company mark milestones such as the launch of its first 40...
2011-08-25 06:41:25
Hanjin new orders in delay
South Korea's Hanjin Heavy Industries & Construction seems to be late in winning newbuilding orders than expected, said Daishin Securities with target stock price down 37% to KRW 31,000 ($28.65) The shipbuilding company's stock price is now 55% lo...
2011-08-25 06:17:06
Daewoo inks world's largest LNG-FSRU
Daewoo Shipbuilding & Marine Engineering of South Korea won order for one 173,400-cbm LNG Floating Storage and Regasification Unit from Excelerate Energy in U.S. World's largest LNG-FSRU is over $280m and will be delivered by Q1 2014. Also, newbui...
2011-08-24 10:37:50
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