STX wins VLCC order
STX Shipbuilding said today it has received an order for two 320,000-dwt very large crude carriers (option included) from an Italian shipowner for $311.3m. The South Korean shipyard's large ship order-intake this time is meaningful in that it was ...
Hyundai Samho completed world largest containership
Youngam, Jeonnam-based Hyundai Samho Heavy Industries Co.,Ltd. (HSHI, President, Musu Hwang) successfully completed the construction of world largest containership of 363 meters long and 11,700TEU, and consolidated its status as large shipbuilder. ...
Vale and Rongsheng 'marriage' heads for divorce
Ship cancellations are now stacking up. John Swire & Sons affiliate China Navigation has confirmed it has ‘postponed’ its first newbuilds for ten years. The six 40,000 dwt multipurpose vessels costing a combined $360m were nixed as the yard, Nant...
Shipbuilding cancellations don't translate in a decreas...
With the dry bulk shipping industry in dire straits and everybody hoping for a market rebound as soon as possible, many eyes are turning towards shipbuilding activity, or rather shipbuilding inactivity, thus ship cancellations. The equation is simple...
STX plans four tankers
STX Pan Ocean, through the announcement to Korea Stock Exchange, revealed November 12 that it plans to order four more tankers within this year. It said the investment scale would be around $105m, but the size and delivery dates of the ships were ...
Longxue Shipbuilding starts third VLCC construction
Oct 23, CSSC Guangzhou Longxue Shipbuilding Co.,Ltd. started its third 308,000 tonnage VLCC’s construction, in a series of four, for China Shipping Development Co.,Ltd., reportedly. The ship is 333 meters-long, 60 meters-wide, 29.8 meters-deep, ...
DSIC completed this year’s tasks early
Ship repair department at Dalian Shipbuilding Industry Co.,Ltd. (DSIC) had a total of 42 vessels repair up to October 11 this year, the output value mounted up to above RMB 55m yuan and more than RMB 51m yuan for the sales. The tasks were complet...
Minor shipbuilding companies at stake
There have been rumors going on about the minor shipbuilding companies, due to the C& Heavy Industries’ operational suspension in August 2008 for financial difficulty. Particularly, order cancellations and banks’ tight loan conditions which we...
Chinese shipbuilding industry in a crisis
What is attracting shipbuilding industry players’ attention these days is the number of shipbuilding order cancellations at Chinese large emerging private shipbuilders. Mostly, the medium and large-sized bulker operators are giving ear to the in...
IHIMU bags three Cape BC
Japanese Shipbuilder in IHI Marine United Inc. (:IHIMU) has recently received an order for three 180,000-dwt Bulker Carriers. The ordering shipowner is unknown, but the price per ship is about Y10 billion(:102Mil$). The order marks the first o...
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