Shipbuilding
Mega boxship orders burst out
In a flood of new orders for boxships placed in the end of the year, future additional newbuilding orders are highly expected. Choi Kwang-sik, a researcher at Seoul-based LIG Investment & Securities, analysed as saying, "mega containership newbu...
2010-12-20 07:29:28
Hyundai delays 13,100TEU's
Korea’s Hyundai Heavy Industries (HHI) is postponing the delivery of eight containerships at the request of Germany's Nordcapital. The yard group said an unnamed European company has pushed back completion of the order to 29 June, 2012, from 31...
2010-12-20 06:53:37
Jinhai inks capesize BC
China’s Jinhai Heavy Industries has won an order for a capesize from Safe Bulkers. The Zhoushan-based shipyard has been commissioned by the New York-listed bulker specialist to build the 180,000-dwt vessel for delivery in 2012. Last week, S...
2010-12-17 12:22:13
Rongsheng, The Fastest!
It was known that the orderbook of China’s Rongsheng Heavy Industries Group occupied China’s No.1 and world’s No.5. Planning to be a world-class shipbuilder, Rongsheng must carry out expansion such as merger and acquisition, which targeted ...
2010-12-17 11:55:28
‘We had to build export ships’
Zhejiang Jingang Shipbuilding became the largest shipyard in Taizhou Zhejiang Province of China, in terms of export orders. ‘At the beginning, everybody thought we were crazy when we intended to splash out all money into shipbuilding industry. ...
2010-12-17 10:26:56
Hudong scores 8,888-teu pair
Hong Kong shipowner OOCL has ordered two 8,888-teu containerships from China's Hudong-Zhonghua Shipbuilding. The owner confirmed the order on Thursday but would reveal no further details. The line has been linked with newbuilding activity for t...
2010-12-17 07:23:57
CSIC to win Russian VLCC's
As a representative of Chinese business community, General Manager Li Tianbao of China’s Bohai Shipbuilding Heavy Industry Company Limited recently visited Russia, along with Chinese Prime Minister Wen Jiabao. During the journey, China Shipbuil...
2010-12-16 10:08:07
Baku Shipyard contract sealed
Azerbaijan’s state oil company SOCAR and the Azerbaijan Investment Company signed an agreement with the Keppel Corporation on the creation of a joint venture for the construction of the new shipyard south of Baku. The sides signed a memorandum ...
2010-12-16 08:37:08
BLRT plans to grow revenue
Estonia's BLRT shipyard group thinks it can clean up in the construction and offshore vessel sector. The company's chairman Fyodor Berman told Bloomberg that revenue should rise as demand picks up for new ships. The group, which has yards in ...
2010-12-16 08:16:44
Bisected outlooks on newbuild prices
Contradictory outlooks on a future ship price are being raised, some expecting a re-drop while others prospecting a continuous upward trend. One of the main reasons for the re-drop expectation is an imbalance of supply and demand. A recession of ...
2010-12-15 08:57:02
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