Shipbuilding
Yangzijiang builds mega yard
China's Yangzijiang Shipbuilding announced acquisition of additional 40% interest in Jiangsu Xinfu Shipbuilding for a consideration of US$57.15m or RMB 377m, raising its effective stake to 60%. The Xinfu yard, currently under construction and ori...
2011-03-09 07:00:59
Newbuild prices up
Many experts raise a positive outlook on newbuilding prices saying that newbuilding prices will increase from the second quarter of this year since raw material prices are rising, such as iron ore and oil. Seoul-based IBK Investment and Securitie...
2011-03-08 22:41:40
2011 is the year of Big 3
Seoul-based HMC Investment & Securities prospects that there will be a series of newbuilding orders especially for offshore facilities this year based on low newbuilding prices and high oil prices, so Korea's big three - Hyundai Heavy Industries, Sam...
2011-03-08 11:46:30
Chinese scrap yards buy capes
Chinese shipbreakers purchased large bulk carriers at strong rates last week. The demolition prices on offer from breakers in Alang have eased a little over the past fortnight, opening up more opportunities for increasingly aggressive bidding by y...
2011-03-08 08:12:45
Rongsheng 400K 6M more delayed
Delivery of the 12 very large ore carriers being built by Jiangsu Rongsheng Heavy Industry for Brazilian miner Vale have been significantly delayed. The Chinese shipyard is at least six months behind schedule to deliver the world’s largest 400,0...
2011-03-08 07:04:46
Urgent need "Ship Financing Corp."
Many point out that there is an urgent need for tentatively named Ship Financing Corp. in Korea for the continuous development of the domestic shipbuilding and shipping industry and for a win-win growth among the steel, finance and securities industr...
2011-03-07 21:55:20
Sungdong pens 82K BC's
Korea's Sungdong Shipbuilding & Marine Engineering won five 82,000-dwt bulkers including two optioanl ships from Turkish and Greek shipowners last weekend. The newly ordered newbuildings feature 229 meters long, 32.3 meters wide and 20.9 meters hi...
2011-03-07 16:42:35
HMD shoots 6 RoRo-Con orders
Korea's Hyundai Mipo Dockyard signed for four RoRo-Containerships plus two optional units on Sunday with the National Shipping Company of Saudi Arabia (NSCSA). The contracts value including the two optional ships amounts to SAR 1.543bn ($411m). ...
2011-03-07 13:06:24
21st Century delivers 34K bulker
Korea's 21st Century Shipbuilding held a naming ceremony last Friday for the first unit of the two ordered by a Greek shipowner. The first unit of 34,000-dwt cargo carrier named ‘MARDINIK’ features 181 meters long, 30 meters wide and 14.8 met...
2011-03-07 10:43:43
COSCO delivers first PCTC
On February 16, the first 5,000-unit PCTC built by COSCO Zhoushan Shipyard, was named COSCO SHENGSHI and successfully delivered to GUANGZHOU OCEAN SHIPPING CO., LTD. The delivery was timed perfectly for the shift in the export of Chinese brand ca...
2011-03-07 07:12:01
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