Shipbuilding
COSCO launches PCTC
On March 28th 2010, COSCO Zhoushan Shipyard launched the second 5,000-unit Pure Car/Truck Carrier (PCTC), ordered by compatriot Guangzhou Ocean Shipping. The representatives of shipowner and ClassNK were present in the ceremony as well. The shi...
2010-03-31 10:07:17
Korea dethrones China by orders
Korea regained its top spot in the global shipbuilding industry, beating out China in terms of new orders in the January to February period. London-based market researcher Clarkson Research Services said in its latest report that Korea received n...
2010-03-31 08:28:01
Overcapacity 'Disaster'
The phenomenal growth of yards in Asia is firing concerns of a possible 'disaster'. Shipyard overcapacity is rapidly becoming one of the greatest fears plaguing the shipping industry. The production volume of the world's major shipbuilding co...
2010-03-31 07:35:44
Hyundai-Gunsan Celebrates Completion
Hyundai Heavy Industries (HHI) of Korea holds a completion ceremony for Gunsan Shipyard, located in Gunsan, North Jeolla Province, which has been finished after two years of construction since commencement in early 2008. HHI's Gunsan yard with wo...
2010-03-31 07:00:04
Hyundai Mipo wins tanker orders
French product tanker operator Socatra has ordered four 37,000 dwt tankers from Hyundai Mipo Dockyard and taken out options on four identical vessels. The Bordeaux-based company has moved to take advantage of newbuilding prices and expected marke...
2010-03-30 08:13:21
Newbuilding Prices Go Up
Newbuilding prices appear to have bottomed out following a rise in ordering activity and improved sentiment in the shipbuilding market since the start of the year. After slashing contract prices last year in a desperate bid to fill shipbuilding s...
2010-03-30 08:09:14
Newbuilding Shows Life
Major shipping companies began to place newbuilding orders as price of general commercial ships increases, which is considered to have positive influences on shipbuilding giants. Seoul-based Hanhwa Securities forecasted on Mar. 29th that price in...
2010-03-30 07:04:59
Daesun pens $24m bulker
Daesun Shipbuilding & Engineering of Korea announced on Mar. 29th in a regulatory filing that it has signed a KRW 27.651bn (USD 24.32m) contract with IVORY Ship Management of Marshall Islands to provide a bulk carrier. The contract amount is 8.4%...
2010-03-29 13:49:10
SPP inks 19-bulker orders
Korea's SPP Shipbuilding and its sister company SPP Plant & Shipbuilding said on March 29th that they have signed a total of 19-ship contracts worth around $660m in the first quarter of this year. In the 82,000-dwt kamsarmax bulker sector, the shi...
2010-03-29 12:35:24
Zero Backlog in 2015?
On March 26th 2010, Robert Lorenz Meyer, the president of Baltic and International Maritime Council (BIMCO), said the world shipping economy would be kept on low tide in 2010 while shipbuilders may came across ‘Waterloo’. ‘Although the yard...
2010-03-29 10:17:49
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