Shipbuilding
Yangzijiang & CSBC join forces
General Manager Tan Taiping of CSBC confirmed that Chairman Ren Yuanlin (pictured) of Yangzijiang Shipbuilding visited CSBC on 27th of this month, to mutually cooperate for more orders. CSBC said both sides would sign memorandum of understanding....
2010-10-28 06:40:27
S&M new orders plunge
Korea's small- and medium-sized shipbuilders, which saw new orders for bulkers recover in the first half of this year, are now suffering from orders drought again since the third quarter. The country's S&M shipyards, except the 'Big 7' including H...
2010-10-27 07:48:43
Yangzijiang Q3 profits soar
Yangzijiang Shipbuilding (Holdings) Ltd has seen third quarter profits jump by 32% from a year ago to CNY730m ($110m). The Singapore-listed Chinese shipbuilder was helped by a 19% increase in revenues to just under CNY3.1bn during the period. ...
2010-10-27 07:15:18
Daewoo pens Auxiliary Towing Salvage
Korea’s Daewoo Shipbuilding & Marine Engineering has inked an order for a towage salvage vessel for the country’s navy. The shipbuilder said the Auxiliary Towing Salvage, dubbed ATS-∥, is worth KRW 160bn (about $140m). It will be design...
2010-10-27 07:05:31
Shiptec China 2010 Opens!
'Shiptec China 2010', the 7th International Shipbuilding, Ports and Marine Equipment Exhibition for China, sponsored by the China Association of the National Shipbuilding Industry, the China Shipowners' Association, and the Chinese Society of Naval A...
2010-10-26 14:53:52
New tanker orders plummet
Tanker newbuilding orders have dropped to a five-month low following trouble in the charter markets. Only just over 1 million dwt of new tankers have been inked in October, the fewest since May, according to figures from Charles R. Weber. “...
2010-10-26 08:08:50
STX inks €240m cruise ferry
STX Finland Oy and Viking Line ABP have signed a preliminary agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line to operate on between Turku, Finland, and Stockholm, Sweden. The agreement inc...
2010-10-26 08:00:55
IHIMU ends shipbuilding?: Strong Yen
Following Mitsubishi Heavy Industries' move to end commercial shipbuilding at its Kobe Shipyard & Machinery Works, IHI Marine United is also mulling withdrawing from shipbuilding business. In a recent interview with Nihon Keizai Shimbun, Shigemi K...
2010-10-26 07:45:30
Korean call for gov't help: IFRS Revision
The Korea Shipbuilders' Association (Koshipa) is urging the government to help it persuade the International Accounting Standards Board (IASB) to adopt 'Linked Presentation (LP)' method for deduction of derivative debts and hedge adjustments in the u...
2010-10-26 07:41:26
SSI delivers 34K BC ‘ORIENT TRANSIT’
On 22nd October, Korean shipbuilder Samjin Shipbuilding Industries Co., Ltd. (CEO: Young Il Kang) located in Weihai China delivered the DWT 34K Bulk Carrier ‘ORIENT TRANSIT’ to Cyprus shipowner ‘Interorient Navigation Co., Ltd.’. The newly de...
2010-10-25 15:38:12
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