Shipbuilding
DSME Q3 results skyrocket
South Korea's Daewoo Shipbuilding & Marine Engineering posted much enhanced profitability in the third quarter. DSME announced Wednesday that it achieved revenue of KRW 2.96trn ($2.6bn), operating profit of KRW 347.4bn, pre-tax profit of KRW 382.5...
2010-10-21 07:52:04
21C yard celebrates facility expansion
21st Century Shipbuilding held a completion ceremony today for the expansion work of its No. 2 slipway. The work took about five months from June by October this year. Through the expansion, the slipway's capacity increased from 20,000 dwt to 5...
2010-10-20 14:59:42
Sungdong names Navios Capesize Trio
Sungdong Shipbuilding & Marine Engineering held a naming ceremony for three 180,000-dwt bulk carriers for Greece's Navios Maritime Holdings today. The christening ceremony was attended by Sungdong chairman Jung Hong-jun, Navios chairman and CEO An...
2010-10-20 14:36:59
STX to ink 20 open-hatch bulkers
STX Pan Ocean’s massive $5bn consecutive voyage contract with Fibria Celulose looks set to shake up the open-hatch bulker arena. The deal will lead the South Korean shipowner to order 20 custom newbuildings worth a combined $1bn, reportedly at ...
2010-10-20 08:09:11
Neptun Werft wins ferry order
German shipbuilder Neptun Werft has been awarded a 1,200-passenger ferry newbuilding order by compatriot ferry operator Wyker Dampschiff. The vessel will replace the 1988-built Schleswig Holstein and carry the same name. Delivery is set for Decem...
2010-10-20 07:55:49
Rongsheng subcontracts 24 panamax BCs
Jiangsu Rongsheng Heavy Industries is asking for help from a compatriot shipyard to build panamax bulkers. Rongsheng subcontracted out its 76,000-dwt panamax newbuildings to Yangzhou Longhe Shipbuilding last month. Industry sources say it is ...
2010-10-20 07:47:07
DSME Sale Restarts
The Korea Development Bank is weighing government-issued stock, as one of the ways of selling controling stake in Daewoo Shipbuilding & Marine Engineering. KDB President Min Yoo-sung said during a government audit on Tuesday, "We will examine ever...
2010-10-20 07:37:13
CSIC inks 180k Capesizes
On October 14th, China’s Baojin Company Limited signed with compatriot Qingdao Beihai Shipbuilding Heavy Industry and China Shipbuilding & Offshore International Company Limited (CSOC) in Beijing to build one plus one 180,000-dwt bulk carriers. ...
2010-10-20 05:25:03
Nova orders 12 wood chip carriers from China
Currently Singaporean Nova Shipping and Logistics expressed they had ordered 12 wood chip carrier from Chinese shipyards. It was the first time for Nova to choose Chinese shipbuilders as its newbuilding partners. But the yards’ names were not revea...
2010-10-20 04:40:41
Hudong builds new mega shipyard
Shanghai-based Hudong-Zhonghua Shipbuilding is pressing ahead with a huge capacity hike. Production capacity at the Chinese shipbuilder is set to grow drastically when its new facility at Changxing Island in Shanghai becomes fully operational. ...
2010-10-19 08:33:39
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