Shipbuilding
China’s yacht export valued at $200m
On April 2nd, China Association of the National Shipbuilding Industry (CANSI) issued annual report of China’s yacht growth status in 2009. The report showed that Mainland China export 1.98 million-unit yachts last year, totaling around $200m. Ob...
2010-04-05 01:05:17
SLS delivers four ships in March
SLS Shipbuilding of Korea announced that it successfully delivered the Unicorn ordered 40,000DWT chemical tanker, S478 ('LAVELA') and the Eship ordered 51,000DWT chemical tanker, S510 ('Eship Falcon') on Mar. 30th and 31st, respectively. SLS here...
2010-04-02 17:17:22
Chengxi advances into Pax.
China's Chengxi Shipyard has broken into the panamax sector. The shiprepairer and shipbuilder, which is best known for its 53,000-dwt Diamond-53 bulkers, says it can now construct panamax-size vessels after extending its only slipway by 30 metres ...
2010-04-02 08:49:14
HMD enlarges bulker contracts
Hyundai Mipo Dockyard (HMD) of Korea announced in a regulatory filing on Apr. 1st that its four-bulker newbuilding contract signed on Jun. 6th, 2008 was modified to building five bulkers. Accordingly, contract value rose by KRW 26.8bn (USD 23.8m)...
2010-04-02 07:29:54
Newbuild Focused on Bulkers
Increasing number of existing newbuilding orders taken by Korea shipbuilders are being changed to bulkers. It is analyzed that the 'ship type switching to bulker' trend resulted from its relatively fast recovery of bulkers market, but this cannot...
2010-04-02 07:22:28
Big 4 orders shot up in Q1
Korean shipbuilding companies posted over 600% increment in orders intakes in the first quarter of this year compared to last year. Accordingly, prospects for shipbuilding industry's solid recovery are getting more weight. Total orders intake...
2010-04-01 10:52:16
Hanjin revives newbuilding order
Korea’s Hanjin Heavy Industries & Construction said late yesterday in a regulatory filing that it has reinstated a containership newbuilding order after the buyer resumed payments. Hanjin said it had announced the cancellation of the deal on Fe...
2010-04-01 08:18:25
Russia plans $51bn orders
The portfolio of orders of Russian shipbuilding companies makes up 2,000 ships and marine equipment worth 1.5 trillion rubles (about $51bn) till 2020, RBC cites Igor Levitin, Minister of Transport. He specified that the portfolio of orders refers...
2010-04-01 08:14:09
Newbuilding Prices Face Upturn
Expectancy for stable newbuilding orders and newbuilding prices increase in the second half of this year is getting higher. Jeon Yong-beom analyst of Seoul-based Solomon Investment & Securities said "Owners cannot be too greedy to put newbuilding ...
2010-04-01 07:22:17
Jiangsu Faces Crossroad
As China’s largest shipbuilding base, newbuilding output of Jiangsu Province broke 15m dwt mark in 2009, rising by 74% and occupying 12.6% of global share. Currently the orderbook has rung the alarm. The crisis hid behind the curtain, such as ov...
2010-03-31 10:10:12
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