Shipbuilding
Samjin Takes Wing
South Korean emerging shipbuilder Samjin Shipbuilding Industries (SSI), located in Weihai, Shandong, China, is spreading its wings while the market is now showing signs of improvement. SSI presently employs about 7,000 workers at the Chinese base ...
2010-05-03 06:50:34
Ouhua behind recent bulker orders
China's Zhejiang Ouhua Shipbuilding is understood to have won bulker orders from two listed companies backed by Greek owners. According to announcements from New York-listed Safe Bulkers and Paragon Shipping, they are spending a total $175.9m on ...
2010-04-30 10:57:50
Wuchang sealing bulker order
China's Wuchang Shipbuilding Industry’s new shipyard Qingdao Wuchuan Heavy Industry is in the final stage of negotiations to build four bulkers of 45,000 dwt, reportedly with Shanghai Time Shipping, a JV between China Shipping Development Co (CSDC)...
2010-04-30 10:46:08
Fangyuan inks $735m order
China's Zhejiang Fangyuan Ship Industry recently gained an order for 40 marine mining ships from Indonesia. Furthermore, a cooperation agreement was signed about the reclamation project by both sides. The contract valued nearly CNY5bn ($735m), ...
2010-04-30 01:58:40
‘Overcapacity’ over?
Greek shipbroker G.Moundreas recently expressed in Athens that the order cancellation and delivery delays of newly built dry/bulk cargo ships would reach over 50%. Less than 900 new ships are considered to enter the market. However, the demand for...
2010-04-29 10:09:04
Brazilian orderbook jumps
Brazil is now by far the biggest shipbuilding region outside the traditional shipbuilding powers in Asia and Europe. It represents 74% of the “rest of the world” orderbook, as compared with just 4% in 2000, says shipbroker Clarksons. Brazil...
2010-04-29 08:00:14
Pipavav faces cancelation risk
France's Setaf-Saget is ready to cancel the remainder of its four panamax bulkers ordered at India’s Pipavav Shipyard. One, which should have been delivered in mid-2009, has already been dropped and so will the others because they are so late, ...
2010-04-29 07:55:53
Bulker deliveries soar in Q1
It seems that increasing deliveries trend of containership newbuildings in the past is moving to bulkers sector as the number of delivered newly-built bulkers reaches 190 units for the first three months of 2010. According to 'KSA E-NEWS', a repo...
2010-04-28 12:45:48
STX grabs only merchant ships
Seoul-based Dongyang Securities stated regarding STX Offshore & Shipbuilding (STX O&S) of Korea on Apr. 27th that "STX O&S is showing relatively fair performance in orders intake for commercial ship sector than expected, but it is yet to shown any vi...
2010-04-28 12:11:02
NACKS delivers 6th 300K VLOC
China’s Nantong COSCO KHI Ship Engineering (NACKS) recently delivered the 6th 300,000-dwt very large ore carrier (VLOC) to compatriot COSCO Hong Kong Group. The LOA of the ship reaches 327m with 55m in breadth and 29m in depth. The area covers a...
2010-04-28 09:57:56
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