Shipbuilding
Hyundai pens further VLGC
Hyundai Heavy Inudstries has won an additional VLGC order from trader and shipowner Petredec. Petredec chief executive Giles Fearn confirmed the owner has exercised an option for a very large gas carrier (VLGC) at Hyundai for delivery in 2013. ...
2011-04-18 07:20:13
Cochin wins 3,500TEU pair
India's state-owned shipbuilder Cochin Shipyard has reportedly won an order for two containerships from Shipping Corp of India (SCI). The 3,500-teu vessels will cost at least $100m and will be the first such ships built in India, according to the...
2011-04-18 07:13:17
Structural changes in ship demands
CSSC Technology Research & Economy Development Institute of China has reported an analysis and forecast on future ship market situations including the period of January and February. Cao You-sheng, deputy director of the institute stated in the repor...
2011-04-18 06:24:52
Samjin inks four more handies
Following the contract for 2 units of DWT 33,500 Log/Bulk Carrier early this April, Samjin Shipbuilding Industries Co., Ltd. (SSI, CEO: Young IL Kang) located in Weihai, China has inked more contracts for 4 units of DWT 36,000 Bulk Carrier with a Eur...
2011-04-15 14:34:22
CSIC inks Capes & 40K BCs
Chinese state-owned shipyard China Shipbuilding Industry Co (CSIC) has won an order for eight bulkers with France's Louis Dreyfus Armateurs (LDA). After signing the contracts on Wednesday in a $330m deal first announced in January, LDA boss Philip...
2011-04-15 07:14:18
Japan eyes 70% rise in new orders
Japan Ship Exporter's Association reported on April 12th that the combined ship export orders of Japanese yards during three-month period from January to March this year came to 65 ships of 3.05m GT and 1.29m CGT, which is a 71% increase year-on-year...
2011-04-15 06:26:28
Samsung passes $5bn for new orders
Korea's Samsung Heavy Industries has become the second yard in Korea to hit $5bn in new orders this year, following Hyundai Heavy Industries. Samsung has recently won an additional newbuilding order for a $600m-worth drillship from Norway's Seadri...
2011-04-15 06:24:16
Maersk to order 10 more
Maersk Line is preparing to order a second series of 10 18,000 teu containerships, bringing the total number to 20. AP Moller-Maersk chief executive Nils Andersen confirmed that he expects the company to exercise the first option for another 10 Tr...
2011-04-14 07:17:58
CSBC secures 1,800TEU's
CSBC Corp of Taiwan has won an order for two containership newbuildings from Sammy Ofer. Ofer Maritime will pay $57.6m for the pair, CSBC tells investors. A spokesperson for the shipbuilder says the 1,800-teu vessels are the company’s first...
2011-04-14 07:10:28
Korea retakes World No.1
South Korea's shipbuilding industry has taken the world first place in new orders and new order value for the first quarter of the year, beating its rival, China. Korea's Ministry of Knowledge Economy (MKE) and Korea Shipbuilders' Association (Kos...
2011-04-14 06:22:23
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