Shipbuilding
Shipbuilding to cruise smoothly
World's shipbuilding industry, which struggled in severe recession until early 2010, is expecting a positive outlook for this year while continuing its recovery phase from last year. In particular, Korea's big four - Samsung Heavy Industries, Dae...
2011-01-04 07:23:25
SPP yards merge into 'SPP Shipbuilding'
Korea's SPP Group merged its shipbuilding subsidiaries into SPP Shipbuilding as of 1st January 2011. SPP Shipbuilding absorbed SPP Plant & Shipbuilding and the name of the integrated company is to be still SPP Shipbuilding with its headquarters m...
2011-01-04 07:15:10
China: Lighter ships?
It was commonly known that the LDT of major three type ships built by China was larger than those built by Korea and Japan. In the past, people thought it was because of unreasonable design and structure. As Chinese design improved, the quality o...
2011-01-04 01:05:00
Samsung ranks No.1 in orderbook
Korea's Samsung Heavy Industries is seen to become the world No.1 in order backlog for the first time since its foundation in 1974. According to Clarkson Research Service, Samsung hit the No.1 position in orderbook by a single yard in the world with...
2011-01-03 11:30:23
Hyundai Mipo targets $3.3bn orders
Korea's Hyundai Mipo Dockyard announced on the last day of 2010 that it had set its annual new order target for 2011 at $3.3bn and sales target at KRW 4.2trn ($3.7bn). It also plans to invest KRW 72.5bn in the facility areas in the new year. T...
2011-01-03 08:31:51
Hyundai aims at $26.6bn orders
Korea's Hyundai Heavy Industries revealed on 31st December that it will attain $26.6bn (KRW 30trn) of new order values and KRW 26.945trn of sales in 2011. One official from Hyundai prospected, "all of our business sectors are expected to grow, ...
2011-01-03 08:28:31
Big 4 target over $50bn
Korean Big 4 shipbuilders are aiming to secure new orders worth over $50bn in total in 2011 in ship and offshore plant sectors. The world's four largest shipbuilding companies, namely Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Ship...
2011-01-03 07:31:47
COSCO wins four 57K BCs
Singapore-listed COSCO Corp said its 51-percent owned subsidiary COSCO Shipyard has secured contracts valued over $100 million to build four bulk carriers of 57,000 dead-weight tonnes each. The shipowner was not disclosed at the announcement. T...
2011-01-03 06:59:33
Chinese output to break 61m dwt
According to statistics from China Association of the National Shipbuilding Industry (CANSI) on December 29th, Chinese shipbuilding output would exceed 61m dwt this year. Meanwhile, the gross industrial output value of Chinese large shipyards sur...
2010-12-30 13:15:03
Shipbuilding market to keep rising
With a growing expectation for an upturn of the shipbuilding market situation, Korea's shipbuilding stock prices are showing an upward trend just a couple of days before year end. Since going through the dark period of 2009, the shipbuilding indus...
2010-12-30 11:05:09
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