Shipbuilding
Hyundai order jackpot
Hyundai Heavy Industries' workers are expected to spend summer holidays at the yard sites as the company has won a lot of new orders this year. From the beginning of the year the South Korean shipbuilder has secured much new orders for ships and o...
2011-05-16 07:04:36
Hyundai Mipo wins PCs
Scorpio Tankers has unveiled its first newbuilding order as a public company, understood to be at Hyundai Mipo Dockyard in South Korea, for five medium-range product tankers at a total price of $185m. If three options attached to the order are con...
2011-05-16 06:30:43
Samsung shoots 70% of target
Samsung Heavy Industries is one step ahead of its competitors in winning new orders, by clinching an order for one Floating Production, Storage and Offloading (FPSO) unit from Teekay Petrojarl for about $636m, and an order for four vessels of 13,000T...
2011-05-13 10:41:03
Korean Take the Lead
Korea's three largest shipbuilders have seen their new orders soar, almost reaching the level of the last industry boom in 2007. Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries have won a combined $2...
2011-05-13 07:38:34
Croatian yards in difficulties
Croatia is struggling to find investors for the majority of its loss-making shipyards. In the run-up to Croatia’s deadline for EU membership, set by the government for June 23, a moratorium is in place on shipyard activity while restructuring ta...
2011-05-13 07:32:32
Hyundai races for orders
Hyundai Heavy Industries has won orders for a total of 38 ships, totaling $9.6bn (including Hyundai Samho Heavy Industries) in shipbuilding and offshore plant sectors as of the end of April. It has achieved 49% of $19.8bn, its annual order target of ...
2011-05-13 06:28:41
Overcapacity to lead to price fall?
As new ship orders appear to be slowing down following last year’s rebound and deliveries might have passed their peak, the challenge for shipbuilders in filling the expanded global capacity will begin to loom larger. The urgency is still a litt...
2011-05-12 06:58:02
Longxue inks 115K Tankers
CSSC Guangzhou Longxue Shipbuilding has signed a contract with compatriot Shanghai NorthSea Shipping to build a new 115,000-dwt tanker. Newbuilding price and delivery schedule are yet to be revealed. The shipbuilder has intellectual property ri...
2011-05-12 06:43:08
China to step up shipbuilding
China's shipbuilding industry is large but not strong, and independent innovation and establishing an integrated industrial chain are top priorities, an official told. "Although China overtook South Korea and Japan to become the world's largest s...
2011-05-12 05:13:35
Sungdong scores nine-ship orders
South Korea's Sungdong Shipbuilding & Marine Engineering said today that it has recently won new orders for five post-panamax containerships and four kamsarmax bulkers from European shipowners, worth around $625m in total. The 8,800-teu boxships w...
2011-05-11 15:04:45
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