Shipbuilding
Samsung inks 16 suezmaxes
Centrofin of Greece has upped its tally of suezmax newbuildings at Samsung Heavy Industries of Korea by one more unit bringing the total there to four. Market sources say the latest newbuilding is an option that it signed up for at the end of last...
2010-04-12 08:32:18
Russian wins five tankers
On April 7, 2010 the contract on construction of five tankers (plus five in option) of third range of ‘Armada’ type vessels, design RST22M has been signed between Palmali Group of Companies and JSC Volgograd Shipbuilding Plant of Russia. It i...
2010-04-12 08:18:10
Sungdong signs kamsarmax duo
Sungdong Shipbuilding & Marine Engineering of Korea said today that it has signed a contract with Taiwanese shipowner to build two 82,000-dwt bulkers for about $75m. The yard said it is scheduled to deliver the vessels in 2012. The shipowner is...
2010-04-09 13:57:30
DSME combats slump with eco-ship
Daewoo Shipbuilding & Marine Engineering (DSME) of Korea is to present an eco-friendly ship consuming much less fuel with a duel engine of diesel and LNG (LNG Fueled Ship) early next year, in preparation of orders drought by creating new market. ...
2010-04-09 07:20:21
Hanjin Risks Removed
Projective performance of Hanjin Heavy Industries & Construction (HHIC) of Korea is optimistic as risks around the company are expected to be settled. According to Seoul-based Kyobo Securities, HHIC was the only one categorized among shipbuilding ...
2010-04-09 07:18:56
Seeking Survival Strategies
Korean shipbuilding industry is currently having various kinds of difficulties such as a dearth of new orders, contract modifications and cancellations, but most significantly, yards are faced with liquidity shortage. As advance payment flows, coming...
2010-04-09 06:35:13
Jiangzhou Union Shipbuilding Rebirth
During global financial crisis, numerous shipyards were facing bankruptcy. But China’s Jiangzhou Union Shipbuilding seems an exception. Jiangzhou Union Shipbuilding is swimming against the stream with 34 overseas orders valued at amazing CNY8.7b...
2010-04-08 09:59:47
Drydocks World wins $200m orders
Drydocks World pointed to a recovery in the shipbuilding sector after a strong first quarter showing. Its optimism comes after booking fresh orders worth $200m in the three months from January to March 2010. CEO Denis Welch said: “The market ha...
2010-04-08 08:40:29
Russia enhances shipbuilding edge
The Russian Transport Ministry’s bill supporting the shipbuilding and shipping industry will make the Russian shipbuilding enterprises more competitive in the global market, Nevsky Shipyard’s CEO Vladimir Bazhenov said in an interview. Mr. Bazhen...
2010-04-08 08:33:54
Hanjin confirms 8-ship orders
Hanjin Heavy Industries & Construction of Korea said Wednesday that its Philippine unit HHIC-Phil has inked newbuilding contracts for four 160,000-dwt tankers and four 180,000-dwt bulkers worth $450m in total recently with overseas shipowners. HHI...
2010-04-07 12:13:14
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