Shipbuilding
STX gives up Daehan acquisition
South Korea's STX Corporation president Kim Dae-yoo said that the company has given up acquiring Daehan Shipbuilding as they believed the move has little attraction in business terms. He said STX management had judged that the investment would bri...
2010-09-03 07:58:23
Aker Phil delivers tenth PC
Aker Philadelphia Shipyard, a leading U.S. commercial shipyard, delivered to American Shipping Company its tenth Veteran Class MT-46 product tanker. The 46,000 dwt vessel, named the Overseas Anacortes, will leave the shipyard in the coming days u...
2010-09-03 07:14:46
Daesun inks handy B/C
South Korea's Daesun Shipbuilding & Engineering has recently won an order for a new bulk carrier from Marshall Islands shipowner Ionic Hawk. Newbuilding price is KRW 29.88bn (about $25m). Considering the ship price, it seems a handysize bulk carri...
2010-09-02 12:02:59
SPP mulls merger
South Korea's SPP Group is examining ways of merging its shipbuilding subsidiaries SPP Shipbuilding and SPP Plant & Shipbuilding. Gwak Han-jeong, president of SPP Shipbuilding and SPP Plant & Shipbuilding, revealed that the board is mulling a merg...
2010-09-02 09:04:46
CSIC net profit up 16%
China Shipbuilding Industry Corp. recorded a 15.92 percent year-on-year increase in net profit to 797 million yuan ($117m) in the first half of 2010, says a company filing. Earnings per share was RMB 0.12 in the first half of 2010. Revenue climbed...
2010-09-02 08:22:19
Kuwait MPRV newbuilding tender
Expressions of interest are being invited for qualified shipbuilders for the design, manufacture and supply of a Multi-Purpose Research Vessel (MPRV) for the Kuwait Environment Public Authority. The MPRV will be a twin-screw vessel, built of alumi...
2010-09-02 08:20:09
Nanjing Tanker pens VLCC pair
Chinese shipowner Nanjing Tanker Corp (NTC) has unveiled a plan to splash $200m on a pair of VLCC newbuildings. NTC says its freshly minted Hong Kong affiliate is ready to ink the order, but the company has not revealed which yard will build the ...
2010-09-02 07:21:43
Shipyards fight for PSPC
Wang Guoping, who is an expert from China’s Hudong Zhonghua Shipbuilding, said Hudong was capable of dealing with the challenge of coming PSPC standards. However, PSPC was really a stumbling block ahead for most Chinese small and medium shipyard...
2010-09-02 01:03:21
Japan to quit shipbuilding in 10 years?!
DryShips chief operating officer Pankaj Khanna pointed out that Japan might quit shipbuilding industry in ten years. On the other hand, Chinese shipbuilding industry would occupy Japanese territory by advantage of cheap labor cost. China has defen...
2010-09-02 01:02:31
Yangzijiang in talks to buy yards
Yangzijiang Shipbuilding Holdings, the biggest Chinese shipbuilder listed in Singapore, is in talks to buy shipyards after an industrywide slump in orders last year damped prices "We are in active negotiations," Zhang Yao, head of the company's b...
2010-09-01 08:45:26
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