Shipbuilding
Q1 newbuilding orders top 164
Falling prices saw more than 164 newbuildings, including some 100 bulk carriers, contracted at shipyards around the world in the first quarter of 2010, with South Korea receiving more than half all orders. The orders included deals for some 25 new ...
2010-04-07 08:15:35
Restructuring plays positive
Some expects that sharply decreasing shipbuilders' backlog will eventually act as a positive factor on overall shipbuilding industry as it leads to restructuring of the industry. Lee Seok-je researcher of Seoul-based MiraeAsset Securities said, "S...
2010-04-07 07:18:37
New Yard Projects Resume: Korea
Shipbuilding industry in the southeast region of South Korea is regaining vitality. Korea Heavy Industries (KHI) is set to resume shipyard construction project next month on a site of 685,643㎡ in Jindo county, South Jeolla province, after a hiat...
2010-04-07 06:44:43
Orders Hit Highest: March
Newbuilding orders around the world recorded the highest volume in March since September 2009 and new ship prices are all on the rise, pointing to signs of recovery in shipbuilding industry. According to Clarkson Research Services statistics Tuesd...
2010-04-06 11:54:00
Hyundai changes Suez to VLCC
India's Great Eastern Shipping said, in a Bombay Stock Exchange filing, that it has booked three VLCC newbuildings at Hyundai Heavy Industries in South Korea in an upgrade to an existing order. Bombay-listed GE says the 318,000-dwt trio replaces ...
2010-04-06 08:33:00
Newbuild Cheaper than Used: Recovery Sign
Shipbuilding industry is full of hope for newbuilding orders and ship price increment as the prices of secondhand ships exceed the prices of newbuildings in some ship types including bulkers along with shipping industry's recovery. According to Clark...
2010-04-06 06:49:16
Divided Over Prospects
Some experts forecast 'a recovery in shipbuilding industry' as new orders intakes at Korean shipbuilding companies more than quintupled in the first quarter of the year from a year earlier by value terms. But others are still concerned about 'cont...
2010-04-06 06:37:45
Chinese lands boxship order
The first boxship order of the year - for a trio of small feederships by Chinese operator Sinotrans - does not mean the flood gates are about to open. China's Purple Mountain Shipyard has won what is only the second newbuilding order for pure cont...
2010-04-05 08:10:32
Sungdong wins kamsarmax options
Gestion Maritime of Monte Carlo has inked a deal for its first kamsarmax bulkers at South Korea's Sungdong Shipbuilding & Marine Engineering. The company has taken over two options in a series of five 82,000-dwt ships originally booked by Monaco n...
2010-04-05 08:08:15
Order Cancellations 'Insignificant'
The Korean shipbuilder, Hyundai Heavy Industries (HHI)' recent containerships newbuilding contract cancellation report or rumor is becoming an issue in local shipbuilding industry. However, industry pundits point out that this is an old story stat...
2010-04-05 07:06:14
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