Shipbuilding
DMHI wins bulkers on its own
Rumania-based Daewoo Mangalia Heavy Industries (DMHI), an affiliate of Korea's Daewoo Shipbuilding & Marine Engineering (DSME), has won some new orders on its own for the first time in two years since the global financial crisis in 2008, showing a si...
2011-02-09 07:02:48
New orders to drop by 25%
The overall new orders of the global shipbuilding industry for this year are expected to decrease compared with last year while Korea's large shipbuilders are likely to still continue a favorable tone in new orders. Son Young-seok, researcher at Seou...
2011-02-09 06:57:34
Hyundai dominates newbuild orders
Korea's Hyundai Heavy Industries is seen to be leading the newbuilding market as it has been carrying out vigorous new order activities since the beginning of the year. With this, some subtle changes are detected in the dynamics of the drillship ...
2011-02-09 06:54:30
Hyundai wins giant heavylift vessel
Korea's Hyundai Heavy Industries revealed today that it has won the world largest heavylift vessel from Netherlands' Dockwise for a price of KRW 265bn ($240m). The ship is the world largest semi-submersible heavylifter, featuring 275 meters in len...
2011-02-08 11:52:56
Korean to deliver 7,000 ships
Korea's accumulated newbuilding output is expected to approach 7,000 ships of 300m GT this year. The total of newbuilding output from 1973 to 2009 comes to 5,921 ships of 251.166216m, and considering the industry's estimates, the accumulated deli...
2011-02-08 10:34:41
Hyundai signs six-boxship order
Hyundai Heavy Industries confirmed it has won an order for six boxships but would not disclose further details about the deal. A spokesman said it remained to be seen whether the company would make a regulatory filing to the Seoul exchange. The...
2011-02-08 08:45:40
STX inks six LPG carriers
Korean shipbuilder STX Offshore & Shipbuilding has bagged six LPG/ethylene carriers from Unigas International. Unigas is to pay around $31m for each for the 6,800 cu m semi-refrigerated vessel which can carry cargo at minus 102 degrees Celsius. ...
2011-02-08 08:15:26
Hyundai inks 9,300-teu sextet
Korea's Hyundai Heavy Industries has signed new contracts to build six containerships of 9,300 TEU with Germany's Bernhard Schulte and Israel's Ofer Brothers. The world No. 2 container shipping company, MSC has already made a long-term charter co...
2011-02-08 07:09:36
Korean win 320 ships
The total of domestic major shipbuilders' new orders for last year came in at 320 ships of 8.16m CGT worth $19.1bn. Based on the nine member companies of the Korea Shipbuilders' Association (Koshipa), 2010's overall new orders increased sharply b...
2011-02-08 06:56:29
Imabari secures 335K VLOC
Japan's Imabari Shipbuilding has secured an order for 335,000-dwt very large ore carrier (VLOC) from compatriot NS United for delivery in 2014. The new JV shipping player has ordered the VLOC linked to a long-term iron ore freight contract with a ...
2011-02-07 08:38:40
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