Chinese shipping industry plans to order VLCCs in quantity
Chinese shipping companies are reportedly planning to order VLCC (very large crude oil carrier) newbuildings amounting to 65 units by 2012. Now, 90% of the total crude oil imported in China is carried by foreign shipping companies. And the Chinese...
QJMS to lose an order for four 92K bulkers
Greece’s Vafias Group seems to have cancelled an order for four 92,100-dwt Post-Panamax bulkers at Qingdao Jimo Mastek Shipyard (QJMS), a joint-venture company between South Korea and China, according to foreign news sources. It appears the shi...
DSME considering resumption of constructing Panamaxes
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) appears to contemplate resuming the construction of Panamax bulk carriers. According to sources, DSME is considering constructing the ship type at its second dockyard which is now un...
China’s SWS to receive an order for three Capesizes
Japan’s Kawasaki Kisen Kaisha (K Line) has placed an order for the construction of three Capesize bulkers at China’s Shanghai Waigaoqiao Shipbuilding (SWS). The three 176,000-dwt bulkers will be delivered in the first half of 2012 at two-month...
Oshima plans to build a system for building 60 ships per ann
Japan’s Oshima Shipbuilding Co., Ltd. on August 26 said at a press interview that it would gradually increase its annual shipbuilding capacity to 60 ships in terms of Handymaxes, up 30% from now. To realize the aim, it is important for the compa...
Hanjin to win KRW 214.7bn contract for bulkers
South Korea’s Hanjin Heavy Industries & Construction on August 29 announced that it has won a KRW 214.7bn deal for the construction of two bulk carriers. Shipowner is a European company and the ships are to be delivered by February 2011. The shi...
DSME’s world best drill ship christening ceremony
Daewoo Shipbuilding & Marine Engineering (DSME) made a statement that they held a Floating, Production, Storage and Off-Loading (FPSO)’s christening ceremony which was clinched in 2006 from U.S-based Transocean Inc., the world’s largest offshore ...
STX Shipbuilding lively in receiving orders for VLCCs
South Korea’s STX Shipbuilding became greatly animated in receiving orders as it won orders for a large number of VLCCs recently. It has reportedly received an order for the construction of four 320,000-dwt VLCCs plus an option of two more from ...
Japanese shipbuilding industry to selectively receive orders
Japanese large-scale shipbuilding companies increasingly receive orders selectively because of the skyrocketing prices of steel. The cost of steel material accounts for 30% of total costs of shipbuilding, and so the increase in steel prices force ...
Reederei Thomas Schulte to order four bulkers
Germany’s Reederei Thomas Schulte, which had been focused on the container shipping sector, has decided to order four 92,500-dwt Post-Panamax bulk carriers at China’s Taizhou Kouan Shipbuilding, aiming to make inroads into dry bulker market. T...
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