Shipbuilding
Samsung to win $10bn orders
Samsung Heavy Industries is forecast to win $10bn new orders this year and $12bn in 2011. UBS said "Samsung has grabbed 'more-than-expected' new orders so far this year by winning about $2bn containership orders from Taiwan's Evergreen among other...
2010-10-07 07:36:38
Chinese lead VLCC
Chinese shipbuilders are increasingly entering VLCC newbuilding market this year, which Korean shipbuilders have dominated so far. Furthermore, Chinese yards are now showing signs of raising the newbuilding prices for VLCC. According to industry s...
2010-10-07 07:23:00
Bharati expects double orderbook
Bharati Shipyard is expecting to book INR 10bn ($223.48m) of new orders over the next 12 months. The Indian company said new business would come from the offshore and defence sectors. "At the moment, we have sufficient orders for the next one...
2010-10-06 08:03:50
Hyundai inks VLCC pair
South Korea's Hyundai Heavy Industries has reportedly contracted two 319,000-dwt very large crude carriers with compatriot shipowner SK Shipping. Delivery is set for the second half of 2012 and newbuilding price is yet to be revealed. The owner...
2010-10-06 07:38:03
Samjin delivers 34K BC “TPC TIMARU”
On October 5th, Korean shipbuilder Samjin Shipbuilding Industries Co., Ltd. (Chairman & CEO: Young-Il Kang) located in Weihai China delivered the DWT 34K Bulk Carrier ‘TPC TIMARU’ to the shipowner ‘KP11 International, TPC Korea’ which is the ...
2010-10-05 16:30:43
Shipyard aid in Europe under review
Shipbuilders in Europe face an anxious wait to see if the European Commission will abolish rules allowing aid for yards. Today the Commission has kicked off a public consultation exercise to see if the present rules introduced in 2004 will be all...
2010-10-05 08:03:06
JES wins more bulkers
Pitiousa Shipping of Greece has ordered a 95,000-dwt bulker at Singapore-listed JES International Holdings. The Georgios Fytousis-controlled owner will take delivery of the ship in 2012. No price was given. And JES said an unnamed Chinese owner h...
2010-10-05 07:49:15
Rongsheng wins SCI VLCCs
Shipping Corp of India (SCI) has reportedly selected Jiangsu Rongsheng Heavy Industries to build four VLCCs. The Chinese yard came in with the lowest bid at $106.7m per ship, giving a total of $426.8m, according to sources cited by the Livemint we...
2010-10-05 07:40:41
China new orders soar
Chinese shipyards won the most monthly new orders in August since the Lehman Shock, totalling about 11.2m dwt, CANSI statistics show. The China Association of National Shipbuilding Industry (CANSI) said there were many tanker orders inked as well as...
2010-10-05 07:33:40
Ship orders fall on Asian holidays
The newbuilding ordering pick up of activity during the month of September is currently on a hold, as annual lunar holidays in both China and Korea have essentially wiped out almost 60% of the shipbuilding industry, in terms of potential order taking...
2010-10-04 07:31:33
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