C& Heavy and Daehan attracting interest from buyers
Ailing South Korean shipbuilders C& Heavy Industries and Daehan Shipbuilding are attracting interest from buyers. Market sources say one is a mystery South Korean entrepreneur, while Greek owner Target Marine is said to be teaming up with an unnam...
Confirmed cancelled orders exceed 200
Definite newbuilding cancellations have topped more than 200 ships but the real figure could be up to three times higher as the global recession worsens and news of more ditched orders come to light. Around 220 allocated hull numbers for newbuildings...
To be continued China factors: Shipbuilding Industry
The “China factors” on which the country’s shipping and shipbuilding industries rely will not be fundamentally changed despite the current financial crisis which is causing “huge difficulties” for the industry, says the China Classification...
QBSHI and SSI completed large docks
According to overseas report, shipyard expansion construction for China’s state-owned shipbuilding group, China Shipbuilding Industry Corporation (CSIC) is going smoothly. Qingdao Beihai Shipbuilding Heavy Industry (QBSHI) and Shanhaiguan Shipbuild...
Ship scrapping upsurges amid world-wide depression
The dismantling amounts of dry bulk carriers carrying grains, coals and iron ores have upsurged along with the deterioration of shipping market last year. In 2008, bulker dismantling amounts set a new record with 93 units of 5.02 million dwt since 20...
2nd round: More into workout group
In South Korea, the second phase of restructuring for construction and small shipbuilding firms in effect raised the curtain and as for shipbuilders, unlike the first round of restructuring, many are expected to be categorized into the C group which ...
Hyundai reports all-time high business results
Hyundai Heavy Industries achieved all-time high business results last year. HHI announced Thursday that it attained revenue of 19.9571trn won ($14.514bn), operating profit of 2.2062trn won and net profit of 2.2433trn won in 2008, up 28.5%, 26% and...
Delaying delivery dates could cause problems in exchange res...
Major South Korean builders are receiving requests to put off the delivery of large-size containerships from European owners one after another. Though the conditions of the requests will only be fully discussed henceforth, the shipyards at this point...
COSCO Zhoushan revises BC delivery dates for Greek owner
China's COSCO Shipyard Group has agreed with Greek owner Goldenport Holdings Inc. to reschedule the delivery dates for four 57,000-dwt Handymax bulkers on order, according to an announcement made by Goldenport on Jan. 26. The delivery dates, all orig...
South Korea wins triple crown
South Korea continued to get a triple crown for the sixth consecutive year in terms of newbuilding contracts, deliveries and orderbook, fortifying its status as the world’s No. 1 shipbuilding country. According to Clarkson Research Services data re...
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