Shipbuilding
S&M in severe "order drought"
As the shipbuilding industry seeks to be high quality and large, South Korea's small and medium-sized (S&M) shipbuilders suffer from severe order drought. As of the end of April, new orders for drillships totaled 21 this year, a drastic increase f...
2011-05-06 07:07:11
Orders plunge for tanker & bulker
Since the beginning of 2011, there has been a significant drop in ordering levels for sectors such as the dry bulk and wet markets compared to last year. “By this point in 2010, we had already seen over 94 new orders in the wet sector compared ...
2011-05-05 07:28:15
China exports over $10bn ships
During the first three months of the year China's ship exports reached $10.05bn, a 5.21% y-o-y increase, and ship import value rose 32.85% to $490m, According to the statistics from the China's Customs Office. Total ship exports and imports were $...
2011-05-05 06:17:32
CSIC Tianjin Xingang soars in Q1
China's CSIC Tianjin Xingang Shipbuilding Heavy Industry continues its steady growth. The company's production value of the completed industry rose by 11.12% and that of shipbuilding industry by 20.67% from the previous year, respectively. Compl...
2011-05-05 06:15:03
Daewoo scores more LNG carriers
Greece's Angelicoussis Shipping Group has reached agreements with South Korea's Daewoo Shipbuilding & Marine Engineering to convert another two VLCC contracts to orders for LNG carriers. The deal brings to three the number of new LNG carriers for ...
2011-05-04 06:59:52
"Big 3" orders to near record high
Daishin Securities predicted on May 3 that order values clinched by South Korea's three major shipbuilders are expected to arrive at the level of 2007, the industry's peak, and maintained "overweight" for the three shipbuilders. Jae-cheon Jeon,...
2011-05-04 06:27:12
60 LNG carriers set to be booked
"Orders for LNG carriers, which have been sluggish until last year, are expected to be placed in full swing from this year. And we raise our evaluation to "overweight" on shipbuilding stocks, the Taurus Investment & Securities Co., LTD. said on May 3...
2011-05-04 06:20:01
New orders plunge in Q1
Shipowners suffering from fleet oversupply contracted just 227 ships to be built at shipyards during the first three months of the year, the lowest volume since the third quarter of 2009 There were also just eight tankers ordered between January ...
2011-05-03 07:51:08
Daewoo wins kamsarmax
Rumania-based Daewoo-Mangalia Heavy Industries, subsidiary of Daewoo Shipbuilding & Marine Engineering in South Korea, is said to have won an order for up to four kamsarmax bulkers of 84,000 dwt (including options for two additional ships). Accor...
2011-05-03 06:30:59
Hyundai excels fully
Hyundai Heavy Industries posts improvement in performances and recovery in securing order simultaneously. The Company posted 1Q sales of 6trillion 306.3 billion won(a 16.9% y-o-y increase) and 1Q operating profits of 991.8 billion won(a 11% y-o-...
2011-05-03 06:22:35
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