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Shipbuilding
Hanjin inks Adani cape pair
Korea's Hanjin Heavy Industries & Construction said on May 31st that its overseas subsidiary HHIC-Phil has clinched a $120m-some contract with an Indian conglomerate Adani Group to build two 180,000-dwt bulk carriers. Earlier this month HHIC-Phil'...
2010-05-31 11:48:23
CSBC orderbook extended to 2013
CSBC Corporation, the largest shipbuildder in Taiwan, confirmed the group’s orderbook has been extended to 2013. Currently CSBC is still negotiating on compatriot Evergreen’s potential 12-unit boxships order. On May 27th, CSBC just signed ...
2010-05-31 10:09:30
China’s headache
In the view of Wang Jinlian who is Secretary of China Association of the National Shipbuilding Industry (CANSI), China still has a long way to go although the country has been recognized as undisputed shipbuilding country. The low labor cost and a...
2010-05-31 10:08:53
Lomar inks first newbuilding
Lomar Shipping & Management of Greece has placed its first newbuilding order. Lomar boss Captain Charalambos Loudaros says the company has signed an order for one 114,500-dwt bulker plus one option at state-owned Shanghai Shipyard in China. L...
2010-05-31 07:30:48
Bohai wins six suezmaxes
Turkey’s Ciner Group has made another leap in its rapid expansion, signing a letter of intent to build up to six suezmax tankers at a Chinese shipyard that could push up its newbuilding spend to as much as $618m. The group is booking four firm ...
2010-05-31 07:27:45
Korean builders: Chinese 'Role Model'
The shipbuilding market mired in recession for over one year since financial crisis broke out. Order drought, order cancellation and delivery delays occurred from time to time. Korean shipbuilders adopted serial treasures for development strategy and...
2010-05-28 15:54:56
STX signs 140,000-gt cruiseship
STX France has reportedly firmed up an order for a 140,000-gt post-panamax cruiseship from MSC Cruises, following the signing of an LOI in February for construction at the St Nazaire yard of a sistership to the Italian owner’s 138,000-gt MSC Fantas...
2010-05-28 14:50:18
Samsung inks 7th Stena suezmax
Samsung Heavy Industries won one more 158,000-dwt suezmax tanker order from Swedish shipowner Stena Bulk. The newbuilding is costing $69.5m and slated for delivery in December 2012. The ship is a sistership to the sextet previously ordered by t...
2010-05-28 14:32:27
CMT inks capesize pair
On May 27th Chinese Maritime Transport Ltd. (CMT) signed a contract with compatriot CSBC Corporation to build two Capesize bulk carriers, scheduled to be delivered in 2012. The order totaled $129m, namely $64.5m per unit on average, not far from...
2010-05-28 10:41:23
Price down, market up?
Global trade suffered severe blow since financial crisis broke out. The shipping market mired in recession, as well as shipbuilding industry. The newbuilding price keeps slumping. According to Bloomberg statistics, the price of large dry/bulk carg...
2010-05-28 10:40:44
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