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Shipbuilding
Yangzijiang in M&A spree
Yangzijiang Shipbuilding is in the hunt for more shipyards as a dire shipbuilding market in 2009 has driven prices down, a report has claimed. The acquisition-hungry yard group has already begun searching for targets to take over, Bloomberg repor...
2010-08-26 07:29:39
Korea to reclaim No. 1 title
South Korean shipbuilders are tipped to retake its global No. 1 position from Chinese rivals in terms of new order intake sooner or later. Seoul-based Daewoo Securities analyst Sung Ki-jong said, "Despite global new ship orders drought, Chinese sh...
2010-08-26 07:03:28
Chinese new orders surge
According to statistics from China Association of the National Shipbuilding Industry (CANSI), from January to July 2010 Chinese output hit 35.2m dwt, rising by 87.4% on a year-on-year basis. The new orders reached 33.32m dwt, which was the 4.2 times ...
2010-08-26 01:04:45
Rongsheng confirms VLCC order
George Economou’s Cardiff Marine has finally been confirmed as being behind an order for a pair of VLCCs at a privately-owned Chinese yard. Jiangsu Rongsheng Heavy Industries on Tuesday said the Greek had signed up for the two 320,000-dwt tanke...
2010-08-25 07:16:52
STX inks icebreaking tugs
STX Norway Offshore has secured an order from Kazakhstan's JSC Circle Marine Invest worth over $70m. The contract for two icebreaking tugs takes STX’s order backlog with the Kazakhstani shipowner to five. STX will build the tugs at its Brai...
2010-08-25 07:05:47
SWS wins VLCC pair
Hong Kong's Wah Kwong Shipping Holdings is ordering a pair of new very large crude carriers at China's Shanghai Waigaoqiao Shipbuilding (SWS), foreign media reports. Company boss George Chao confirmed that Wah Kwong will sign a contract with the ...
2010-08-25 07:02:33
Rongsheng enters VLCC
Chinese biggest shipbuilding group in Jiangsu Rongsheng Heavy Industries has bagged an order from Greek Cardiff Marine for the construction of two 320,000-dwt VLCCs. This is the first time that Jiangsu Rongsheng has built a VLCC, while it has bec...
2010-08-24 10:40:45
Cosco Dalian inks barges
An unnamed Chinese shipowner has ordered a pair of deck barges at a Cosco-controlled shipyard. Cosco Corp (Singapore) says it stands to pocket $12m from the construction of two 15,000-dwt units, according to a filing with the Singapore Stock Exch...
2010-08-24 07:19:39
Low-price deal? "No, thank you!": STX
Talks between Evergreen Marine and STX Offshore & Shipbuilding over a huge boxship newbuilding order have collapsed. Evergreen was looking to pen between 10 and 12 8,000-teu newbuildings at the yard but the two companies failed to reach an agreeme...
2010-08-24 06:58:02
Overcapacity to trigger storm
Experiencing blind expansion, will Chinese shipbuilding industry dive shortly? It mostly depends on whether shipyards can carry out reform and re-structuring before winter comes. Overcapacity, bankruptcy storm, and governmental aid…; are we talk...
2010-08-24 01:35:13
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