Shipbuilding
Weak dollar affects Asian yards
With a fall expected in contracting levels for bulkers and tankers next year, demand is the determining factor in setting newbuilding prices but currency values also look set to play an increasingly important role if the US dollar remains weak agains...
2010-12-22 07:39:38
China: New threat & only way
Global shipbuilding market was severely hit during financial crisis. The shipyards commonly came across delivery delays, order and finance drought. In spite of such negative factors, as is reported earlier, the output of China’s Shanghai Waigao...
2010-12-21 10:59:31
Mingde signed 2+2 PSVs
In December, China’s Mingde Heavy Industry signed two plus two PSVs with Norwegian BOA Offshore AS. It was Mingde’s first offshore ship order. The LOA of the ship reached 95.36m, with 21m in breadth and 9.1m in depth. The design draft achieved...
2010-12-21 10:59:08
KOGAS to order LNG ships
Korea Gas Corporation (KOGAS) is believed to place newbuilding orders for four or five LNG carriers as early as next year. KOGAS revealed last Thursday it had made a deal with Australia's Gladstone LNG (GLNG) to import 3.5m tons per year for 20 y...
2010-12-21 08:41:47
Year-end newbuilding booms
With an expectation for an economic recovery after 2011 increasing and the atmosphere that vessel prices have hit the bottom and taken an upturn proliferating, the newbuilding market is getting more and more heated rather than starts the sort-out fo...
2010-12-21 08:38:13
Superlong vessels eyed for Panama Canal
Daewoo Shipbuilding & Marine Engineering had been gearing up for an order book of average-size vessels for next year. Instead, the company got more and more queries about building ships that are longer than the 1,063-foot-long Eiffel Tower. ...
2010-12-21 08:21:25
Qingdao Beihai scores kamsarmax
Taiwan’s First Steamship has firmed up an option for a bulker at Chinese shipyard just days before the contract was set to expire. The owner has signed up for its second 81,200-dwt unit at Qingdao Beihai Shipbuilding Heavy Industries, it wrote ...
2010-12-21 07:43:15
Hyundai inks 250K VLOC
Korea's SK Shipping, Glovis and Hyundai Heavy Industries signed a consecutive voyage contract (CVC) and newbuilding contract in SK's headquarters last Wednesday. In the newly signed CVC, SK Shipping is supposed to transport 44m tons of iron ore f...
2010-12-20 14:52:52
Zhoushan: Recovery occurring
During post-crisis time, the shipbuilding industry of Zhejiang Province China entered highway again. As the largest shipbuilding and shipping base in Zhejiang, the shipping capacity of Zhoushan was expected to break 4.0m dwt while the shipbuilding...
2010-12-20 12:29:36
Japanese orders decrease
Japan's total of export ship contracts for November was estimated at 22 vessels totaling 317,000 CGT, decreasing by 20% against the previous month. This poor performance was mainly driven by a high yen standing at the 80 yen level against the dol...
2010-12-20 08:16:59
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