Shipbuilding
Sinopacific embraces new development opportunity
During the Fifth Plenum of the 17th CPC Central Committee, the State Council issued Decisions to Speed Up the Cultivation and Development of Strategic Emerging Industries. Based on these Decisions, offshore engineering equipment will become one o...
2010-11-04 08:27:16
HNA to build 40 ships
China’s Fujian Shipbuilding Industry Group Corporation (FSIGC) recently signed strategic cooperation with Hainan Airlines, which was the shareholder of Grand China Logistics and Jinhai Heavy Industry. As is revealed, the cooperation covered newb...
2010-11-04 08:02:23
Sungdong wins 39-ship orders
Sungdong Shipbuilding & Marine Engineering announced today that it has secured new orders for 39 commercial ships worth $1.7bn so far this year. The midsize Korean shipbuilding powerhouse, located in Tongyeong, South Gyeongsang Province, won 25-sh...
2010-11-03 12:21:12
SPP celebrates 100th delivery
Korean midsize shipbuilding stalwart SPP held a milestone christening ceremony on November 2nd for its 100th newbuilding. A 59,000-dwt bulker ordered by Greece’s Adelfia was named ‘THELISIS’ yesterday. SPP delivered a Builder’s Mark to ...
2010-11-03 08:58:31
IHIMU & Universal merger talks ongoing
A merger between Japanese shipbuilders IHI Marine United (IHIMU) and Universal Shipbuilding Co (USC) is still in the making, company executives say. Nearly three years have passed since the two yard players opened negotiations to bring their ship...
2010-11-03 08:39:15
Kawasaki returns to profit
Kawasaki Heavy Industries has returned to the black in the first six months of the 2010 financial year, it confirmed Tuesday. The Japanese shipbuilder booked a net profit of JPY12.3bn ($153m) versus the loss of just under JPY6.3bn seen in 2009. ...
2010-11-03 08:32:18
Hyundai Mipo to win $3bn orders
Hyundai Mipo Dockyard is forecast to secure new orders totaling $3bn this year. Hanwha Securities analyst Jung Dong-Ik said, "Considering current market situation and HMD's order intake strategy, the shipyard is expected to win $3bn fresh orders t...
2010-11-03 08:06:40
IHI net profit jumps in H1
Japan’s IHI Corp is predicting a weaker second half after posting a big interim profit. The shipbuilder said net earnings in the six months to 30 September were JPY 13.49bn ($167.64m), up from JPY 4bn in the same period a year ago. Revenues...
2010-11-02 08:23:38
Cosco inks more bulkers
Cosco Corp (Singapore) has clinched another bulker order worth more than $87m. Its Cosco (Dalian) Shipyard will build the three 57,000-dwt bulkers for an undisclosed Asian owner. They will be delivered between May 2012 and March 2013. Mea...
2010-11-02 08:07:37
China to focus on self-innovation
Tan Zuojun, General Manager of China State Shipbuilding Corporation (CSSC), said on October 29th that in the past three quarters of this year China had surpassed Korea which was traditional world’s No.1 shipbuilding country in terms of output, orde...
2010-11-02 08:01:30
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