Shipbuilding
Japan sinks with strong yen
Due to ultra-strong yen, Japanese shipbuilders' newbuilding order is now in a sharp decrease. Japan Ship Exporter's Association reported newbuilding order for export in July at 484,020gt decreased by 58.2% from the same period last year. Since Leh...
2011-08-22 06:10:15
Hyundai meets 81% of order target
Hyundai Heavy Industries of South Korea has met 81% of its annual order target by winning additional two 155,000-cbm LNG carriers from George Prokopiou-led Dynagas. Dynagas has ordered two plus one optional 155,000-cbm LNG carriers in May. It now ...
2011-08-19 08:31:16
Greek enter "Box & LNG"
Only 16% of the newbuilding orders by Greeks in the year to date have been for tankers and bulkers. Unfavorable supply-demand balance made them weak areas of shipping to order new tonnage. Tanker and bulker orders had typically occupied a quarter ...
2011-08-19 07:55:52
Japanese ink 13 export ships
Japanese shipbuilders won a total of 13 export ship orders in July, three were for handysize bulkers, four for handymax bulkers, two for panamax bulkers and four for post-panamax bulkers. The figure is down 58% from a year earlier. The new orde...
2011-08-19 07:23:49
New orders plummet
Summer vacation around the world may have had an impact on decreased newbuilding ordering activity as global new ship orders in July fell to the lowest level seen this year. The amount of cash splashed on newbuildings also slumped last month despi...
2011-08-19 07:04:57
Oriental inks multi ships
South Korea's Oriental Precision & Engineering, specialized in shipbuilding and offshore plant, signed KRW 184.1bn ($172m) newbuilding contracts with Elegant Shipping of the Philippines. This order takes 56% of Oriental's total revenue from 2010. ...
2011-08-18 11:43:36
Shikoku, Japan new orders up
The Traffic Department of Shikoku, Japan has organized and announced total newbuilding orders of 2010 from Shikoku. Orders on the basis of newbuilding permit in Shikoku increased to 150 vessels increased by 7.1% and 4.61m GT up by 2.8% from 2009. ...
2011-08-18 11:09:07
Cochin's stellar performance
India's state-owned Cochin Shipyard saw annual profit soar as it got busy with offshore supply vessel newbuildings. The company said net earnings reached INR 2.28bn ($50.21m) in the year to 31 March, compared to INR 180m in the previous 12 months...
2011-08-18 07:52:18
Hyundai scores more LNG carriers
Greek shipowner George Prokopiou-controlled Dynagas has inked contracts for two more 155,000-cbm LNG carrier newbuildings after fixing a pair of ships ordered in May this year at Hyundai Heavy Industries of South Korea. The latest move includes ex...
2011-08-18 06:57:21
HMD, "Aggressive & Diversified"
South Korea's Hyundai Mipo Dockyard is expected to improve profitability with aggressive sales. Researcher Kim Hong-Kyun from Dongbu Securities said, "Hyundai Mipo's revenue and operating margin for Q2 dropped 3.5% and 3% point each from the same ...
2011-08-18 06:28:42
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