Shipbuilding
Japanese new orders diving
Japan Ship Exporter's Association (JSEA) made public the combined export ship contracts of Japanese yards for February. The total of export ship contracts came to 12 ships of 520,000 GT, diving to a third level of the record highs from the previou...
2011-03-16 22:07:39
$5bn order boon for Chinese
GC Intermodal, an investment venture led by Carlyle Group, Seaspan, Tiger Investment Group and shipowner Dennis Washington, is targeting the tanker and dry-cargo markets as well as further containerships worth over $5bn in total. Seaspan has alre...
2011-03-16 08:04:46
COSCO agrees to axe panamax
Singapore-listed COSCO Corp has won compensation from an Asian owner for a cancelled bulker contract. The company said its COSCO Dalian Shipyard in China agreed to the request of the unnamed client to cancel an order for a 79,500-dwt panamax bulk...
2011-03-16 07:37:30
Japan quake, bad news 'for a while'
It is forecast that the recent terrible shock in Japan would bring about cost pressures and, therefore, short-term unfavorable conditions in shipbuilding industry. Choi Kwang-sik, resercher of Seoul-based LIG Investment and Securities, says, "Jap...
2011-03-15 22:37:09
Hyundai-Vinashin builds 20 newbuilds
Vietnam-based Hyundai-Vinashin Shipyard, which has recently turned into a full shipbuilding specialist from a shiprepair/shipbuilding yard, targets to build 11 newbuildings for this year and 20 units for 2013. The yard successfully delivered its ...
2011-03-15 22:36:00
Yangzijiang inks 22 10,000TEU's
China’s Yangzijiang Shipbuilding has finally penned a letter of intent with containership owner Seaspan Corp to build 22 units of 10,000-teu newbuildings including options. The Singapore listed shipbuilder is poised to win its biggest newbuildi...
2011-03-15 06:39:19
Japanese circumvent the quake
Japan's shipyards would not seriously be affected by the severe earthquake that swept Tohoku area last Friday. Two of Japan's large shipbuilders, Sumitomo Heavy Industries and Mitsui Engineering & Shipbuilding, have a shipyard in Yokosuka and Chib...
2011-03-14 22:19:15
CSC pens four boxships
China's CSC Yichang Shipyard signed a newbuilding contract, on the 10th of this month, with Damen Shipyards Yichang, a subsidiary of Damen Shipbuilding Group of the Netherlands, to build four 8,200-dwt multi-purpose containerships for CNY 400m ($61m)...
2011-03-14 22:18:18
Hyundai Mipo, winner of S&M ships
Korea's Hyundai Mipo Dockyard is emerging as a new power in the small- and medium-size ship market. While small and medium yards in Japan and China are being withdrawn from the market with an earnest restructuring, Hyundai Mipo is newly paid a su...
2011-03-14 11:38:58
Vinnen books wide-beam boxships
German owner FA Vinnen has inked two 3,800-teu containerships in China and has upgraded a third newbuilding under construction in Korea to a wider beam. Shipowner Michael Vinnen said that the latest two wide-beam newbuildings have been ordered at...
2011-03-14 06:47:59
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