Shipbuilding
Rongsheng delivers suezmax
On March 9th 2010, China’s Rongsheng Heavy Industries Group delivers a 156,000-dwt Suezmax tanker to Frontline. Mr Chen Qiang was present in the ceremony, as well as Mr Jens Martin Jensen who is Frontline’s CEO. The tanker is the 13th Suezmax ...
2010-03-10 13:45:36
Ship orders to drop for 3rd year
Hyundai Heavy Industries Co., the world’s largest shipbuilder, expects demand for vessels to fall for at least a third year in 2010 as shipping lines pare expansion plans to curb overcapacity. Shipowners may order about 10 million tons of new ve...
2010-03-10 13:07:18
Daewoo expands non-shipbuilding
Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) plans to expand its non-shipbuilding business portion including offshore plants to up to 40% by next year, which is about 33% of total business portfolio currently. It is sc...
2010-03-10 11:18:30
Korea-China Two-Way Rivalry ↑
Newbuilding market, which is showing some signs of gradual recovery this year, is forecast to get into further restructuring as South Korea and China accelerate order-intake competition. Major shipbuilders, which have been taking wait-and-see atti...
2010-03-10 10:53:27
Hyundai Revamping by Digitalization
Revamping shipbuilding industry by applying IT technologies to it will begin in earnest from this year. As 'digitalization of ships' steps into full application stage this year which has been propelled by Hyundai Heavy Industries (HHI) and Electro...
2010-03-10 06:59:22
Hyundai Mipo order altered
A mystery owner has switched an order for two tankers into a three-bulker order at Hyundai Mipo Dockyard. The move has raised the contract value to KRW 123.5bn ($109m), the South Korean shipbuilder wrote in a brief statement on Monday. The ya...
2010-03-09 07:37:22
Backlog Edges Up
Korean shipbuilders' combined order backlog turned to upward tendency in 18 months since Sep. 2008. It is analyzed that the shrunken volume of deliveries following successive requests to delay deliveries by orderers combined with eased orders dr...
2010-03-09 07:07:28
Chicken Game Begins
Shipbuilding industry's struggle for existence is expected to be more intense through a 'chicken game' as global leading shipbuilders set to general commercial ships orders intake war. According to an industry source, the world's largest shipbuild...
2010-03-09 07:03:23
Hyundai to ink ship orders
Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder, seems to be clinching its first contract for commercial standard vessels soon, after a hiatus of 18 months. An official from ship sales department of the company said, “We ar...
2010-03-08 12:21:56
China regulations strangle Korean
Shipbuilders who made huge investment in China are facing barrier of Chinese government's strict regulation. Chinese government classified shipbuilding industry as an over-invested industry and introduced a series of regulations, which strangle K...
2010-03-08 07:22:08
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