Shipbuilding
Chinese ink five 76K BCs
Chinese bulker owner Dongguan Haichang Shipping is rapidly expanding its fleet with panamax bulkers at a rumoured price that, it is claimed by market sources, signal “hard times ahead”. The privately owned shipping company has booked five 76,...
2010-07-20 07:43:46
Asian builders buck weak trend
Demand for new vessels has started to wane on the back of increasing shipyard costs, although Asian shipyards continue to receive significant orders. The average cost of a new 300,000-dwt very large crude carrier (VLCC), although around 13% lower...
2010-07-20 07:32:13
Neck-to-Neck Rivalry
Chinese shipbuilders surpassed South Korean rivals by orderbook and newbuilding deliveries in the first half of the year, but both countries 'stand even' by new orders as in dwt terms, Korea won more fresh orders than China in the cited period, and i...
2010-07-20 06:58:13
Chinese fragile new orders?
Good news on Chinese shipbuilding is coming out one by one recently. At the end of June, Sinopacific gained a huge order including 62 new ships. At the beginning of July, Rongsheng signed four tankers. According to statistics of China Associat...
2010-07-19 10:05:52
Hantong wins 8 kamsarmaxes
Handymax and supramax specialist Jiangsu Hantong Ship Heavy Industry has diversified into constructing kamsarmax bulkers. The Sino-Korean-owned yard announced it has bagged four 82,000-dwt bulker order plus four options from a domestic owner. Jia...
2010-07-19 07:21:47
Chinese to win NTC VLCCs
One of China’s largest tanker players is poised to boost its newbuilding orderbook with an order for up to eight VLCCs. A senior official at Nanjing Tanker Corp (NTC) said that the owner is looking to take advantage of favourable market conditi...
2010-07-19 07:19:16
Chinese takes "Triple Crown"
China ranked 1st by new orders, order backlog and output in the first half of the year, surpassing South Korea in all those three indices for the first time. China exceeded Korea by order intakes and orderbook since last year but it beat Korea in ...
2010-07-19 06:31:36
Revenue ↓ Profits ↑: Korean yards
South Korea's five listed shipbuilders, namely Hyundai Heavy Industries, Hyundai Mipo Dockyard, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Hanjin Heavy Industries & Construction, are all expected to post much-improved prof...
2010-07-19 06:07:20
HMD wins kamsarmax pair
South Korea’s Hyundai Mipo Dockyard has received an additional order for two kamsarmax bulkers from Greece's Clemko Shipmanagement as the owner exercised the options. The yard booked the first pair of 82,000-dwt vessels in March for delivery in ...
2010-07-16 13:00:19
Samho books handies
South Korea's Samho Shipbuilding has reportedly won orders for two firm 35,000-dwt bulkers plus one option from Malaysia’s Ecoship. Delivery is scheduled in the first half of 2012. Industry players expect Ecoship will be paying over $27m per ...
2010-07-16 12:52:08
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