Shipbuilding
Daewoo, in effect, wins drillships
Korea's Daewoo Shipbuilding & Marine Engineering has practically won two drillships. Daewoo has recently signed a LOI with Cyprus-based Aker Drilling Offshore Services Public Ltd, a fully-owned subsidiary of Norway's Aker Drilling ASA, for two dr...
2011-01-27 07:30:36
Newbuilding orders to rise 30%
The total of newbuilding orders for this year is expected to increase by 30% versus last year to 40.13m CGT. Um Kyeong-ah, researcher at Seoul-based Shinyoung Securities, casts a prospect as saying, "newbuilding prices would rise by about 10% at ...
2011-01-27 07:21:27
NITC to order 83 LNG carriers
NITC plans to buy liquefied natural gas carriers when Iran starts producing LNG. The state-owned shipping company of Iran said without specifying when this would happen. Iran has the world’s second-biggest gas reserves after Russia, accordin...
2011-01-27 07:02:16
China: Difficult to recover
With new orders rebounding at the end of last year, Chinese shipbuilding industry showed recovery in 2010. But experts kept cautious views on the market. In December of 2010, global new orders hit 8.47m dwt, rising by 35% against the same period o...
2011-01-27 01:33:45
China: Just looks beautiful
In 2010, Chinese shipbuilding industry experienced recovery stage. At the beginning of this year, Chief Analyst Bao Zhangjing of China Shipbuilding Economy Research Centre said it just ‘looked’ beautiful. Why? Bao thought both of new orders...
2011-01-26 13:22:32
Sanfu wins 51K bulkers
China's private-run shipyard, Taizhou Sanfu Ship Engineering (TSSE) has announced it has signed a newbuilding contract based on CNY with domestic shipowner, Fuzhou Hai Tong Marine, to build three bulkers of 51,000 DWT. The two units will be class...
2011-01-26 11:55:37
Anxiety behind accomplishments
In 2010, Chinese shipbuilding industry surpassed Korean rivals in terms of shipbuilding output, new orders and orderbook. Chairman Chen Qiang of Rongsheng Heavy Industries Group said it was the fact that Chinese shipbuilding industry became No.1 i...
2011-01-26 11:25:56
Chinese challenge: LNG
Since Korean shipbuilders started to lead the world's shipbuilding industry in 2000, typical high value-added LNG ships have symbolized Korean yards' highly developed shipbuilding technology. However, Chinese rivals have increasingly challenged t...
2011-01-26 06:58:00
Samjin delivers two ships every month
Korean shipbuilder Samjin Shipbuilding Industries (SSI, CEO: Young Il Kang) located in Weihai, China delivered the DWT 33,500 Log/Bulk Carrier ‘CMB Julliette’ to shipowner ‘Bocimar, Belgium’ on 4th January, 2011 and delivered another DWT 33,5...
2011-01-25 11:24:03
Ship price: Over-optimistic
Several European Experts expressed in London Marine Finance Forum the current freight of bulk carriers, oil tankers and boxships could not support the ship asset value enough. The shipowners’ optimistic views were not realistic. The asset value of ...
2011-01-25 11:08:48
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