Shipbuilding
New orders pending on uncertainty
With the beginning of the new year proving to be rather challenging in the dry bulk industry, most shipowners have scaled back their investment program in order to evaluate the current state of the market. The Baltic Dry Index (BDI) lost further g...
2011-01-25 08:23:29
Meyer inks first LNG carrier
Meyer Werft has won an order for LNG carrier for the first time. Dutch owner Anthony Veder has penned a contract for a 15,600-cbm unit at the German builder’s Baltic Sea yard. No contract price was mentioned for the 156-metre-long ship in a ...
2011-01-25 08:09:34
Sinopacific signs first Order in 2011
Shanghai, China – Sinopacific Shipbuilding Group has managed to win its first order of 2011 from new Turkish client DENSAN SHIPPING. The order is for two 58,000 DWT 'Crown58' bulk carriers, which are scheduled to be delivered by the end of ...
2011-01-25 06:42:54
Mingde wins 2+2+2 tanker orders
China’s Mingde Heavy Industry signed its first order in 2011with Norweigian Jo Tankers As, to build two plus two plus two stainless chemical tankers. It was Mingde’s first stainless chemical tanker order as well. The LOA of the tanker reached ...
2011-01-24 14:53:09
Xingang pens capes
China's Tianjin Xingang Shipbuilding Heavy Industry has signed a contract with France's Louis Dreyfus Armateurs (LDA) to build four 180,000-dwt capesize bulkers. Newbuilding price is said to be $52m each with delivery set from the end of 2012 into...
2011-01-24 08:49:30
Hyundai to win VLGC pair
Hyundai Heavy Industries is said to be in the process of winning another pair of very large gas carriers (VLGCs) from Petredec. Sources say the ships will likely cost around $75m each, which would be in line with market expectations. Delivery...
2011-01-24 08:43:40
Hanjin, "We will keep Youngdo"
Korea's Hanjin Heavy Industries & Construction put an advertisement containing a necessity of its recent layoff plan and survival plans in local newspapers on 21 January. The ad was titled as 'Hanjin will be responsible for the economy of Busan c...
2011-01-24 06:50:31
Hyundai in sole lead
Korea's Hyundai Heavy Industries is said to have signed another new order contract with German shipowner D Oltmann to build two 4,500-teu containerships plus one optional ships in late 2010. And it consecutively won three drillships plus three op...
2011-01-24 06:25:56
Hyundai pens 4,500TEU's
D Oltmann has returned to Hyundai Heavy Industries for newbuildings. The German containership owner has booked two wide-beam panamax boxships plus one option for delivery in late 2012 and 2013, market sources say. It is said to be paying more ...
2011-01-21 13:41:16
China: From highway to normal
In 2010 China’s shipbuilding industry surpassed Korean in terms of new orders, becoming the largest shipbuilding country in the world. However, experts indicated that the ‘large’ didn’t mean ‘strong’ enough and the market was always ch...
2011-01-21 12:46:27
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