Shipbuilding
HMD inks bitumen carriers
Hyundai Mipo Dockyard has won two additional 6,000-dwt bitumen carriers from Dutch shipowner Vroon. They are due for delivery in March 2012. The owner had ordered four same-type ships at the Korean yard early last year for delivery this year. ...
2011-01-31 08:16:27
Sungdong scores 8,800TEU sextet
Korea's Sungdong Shipbuilding & Marine Engineering has revealed it signed two new order contracts last Saturday to build four 8,800-teu boxships for Swiss's MSC and another two for Greece's Costamare. The units feature 300 meters in length, 48.2 m...
2011-01-31 06:42:24
Jiangmen Nanyang wins two more handies
Handysize bulker specialist builder Jiangmen Nanyang Ship Engineering has won an additional order to build two handysize bulkers from South Africa’s Grindrod Group. Grindrod chief executive Alan Olivier says it went to the yard because of its pr...
2011-01-28 12:49:47
Delivery delays continue in 2011
Shipowners continue to defer newbuilding deliveries and just 60% of the ships set for delivery in 2011 are expected to be actually delivered this year. Of the 2011 orderbook that totals 236.1m dwt, including newbuilding deliveries that slipped fro...
2011-01-28 12:31:28
China: Low- level price this year
On January 27th, China Association of the National Shipbuilding Industry (CANSI) said the ship price might hang around low level this year. Considering foreign exchange rate and cost rising, the slump was limited. CANSI predicted in 2011 Chinese s...
2011-01-28 10:30:23
CSSC targets $16.5bn revenue
On January 26th, China State Shipbuilding Corporation (CSSC) announced that the group eyed on CNY110bn ($16.5bn) revenue and CNY7.8bn profits, as well as 20% growth of economic value added (EVA). In 2010, the revenue of CSSC reached CNY90.2bn. In ...
2011-01-28 10:10:21
China delivers the most in 2010
Chinese shipbuilders delivered more than 61m dwt of newbuildings in 2010, a 70% increase on the 36m dwt delivered in 2009, as fresh yards ramped up output. By comparison, Korean shipbuilders showed only a small amount of growth, with 2010 volumes ...
2011-01-28 09:25:03
Xingang pens capes & handymaxes
China’s Tianjin Xingang Shipbuilding Heavy Industry has won four capesizes and four handymax bulker orders from French shipowner Louis Dreyfus Armateurs. The eight newbuildings will cost $300m. “LDA is confident that today's depressed mark...
2011-01-28 08:40:40
Taizhou Catic inks six 76K BCs
China’s Taizhou Catic Shipbuilding & Heavy Industry has won six 76,000-dwt panamax bulkers reportedly from Germany’s Harren & Partner. The contract value stands at $180m in total. It seems the owner was led to order the panamaxes by the at...
2011-01-27 09:18:18
Ethiopian books 9 newbuilds in China
Ethiopian Shipping Lines (ESL) makes its largest ship order in the company's 46-year history. The Ethiopian national carrier has placed a contract for nine new ships at Chinese yards this week for over $300m in total. The Export-Import Bank of Ch...
2011-01-27 08:41:34
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