Shipbuilding
Technology gives yards 'an edge'
Increasing environmental regulation on ships' carbon emissions will pay big dividends to South Korean shipbuilders, according to one local analyst. Seoul-based financial-services company Mirae Assets has produced an upbeat report on the shipbuild...
2010-02-22 13:23:09
Hanjin Subic inks 1 more cape
Hanjin Heavy Industries & Construction’s Philippines unit HHIC-Phil said Monday that it has signed a contract with Belgium’s Bocimar N.V. to build one 180,000-dwt bulker. The newbuilding capesize bulker will have a length of 292 meters, a brea...
2010-02-22 11:59:46
Hanjin alters tankers into VLOCs
Korea's Hanjin Heavy Industries & Construction announced on Feb. 19th that three tankers contracted in March, 2009 have been altered to three VLOCs by Belgium owner Bocimar N.V.'s request. However, Hanjin decided to build these 300 meter-long VLOC...
2010-02-22 07:30:59
Sungdong wins Japanese orders
Korea’s Sungdong Shipbuilding & Marine Engineering said Sunday that it had signed a KRW 230bn ($198.2m) contract with a Japanese shipowner to build two capesize bulkers and two kamsarmax bulkers including options. The vessels are reportedly set ...
2010-02-22 06:53:59
Korea dominates new orders
Contrary to the expectation of many industry players that contracting activity would become brisker than last year, the number of contracts actually concluded in January has fell slightly short of the expectation. According to the monthly report...
2010-02-22 06:48:43
Daewoo inks five Suezmaxes
Korea's Daewoo Shipbuilding and Marine Engineering said Sunday it has won orders to build five 160,000-dwt oil tankers for Angola's state-run oil and gas company. DSME said the deal signed in Lisbon on Saturday with Sonangol is worth 400 billion w...
2010-02-21 14:51:47
Newbuilding prices keep falling
According to Clarkson Research’s latest monthly report ‘World Shipyard Monitor’, the Newbuilding Price Index fell to 136.1 points in January 2010, the lowest the index has been for over five years, since July 2004. It has fallen for the sixt...
2010-02-19 16:19:29
China yards grow 28%
The gross output of China's shipbuilding industry was RMB 548.4 billion ($80.2bn) in 2009, up 28.7% year on year, according to statistics released by the Ministry of Industry and Information Technology. Growth was 31.1 percentage points slower th...
2010-02-19 08:26:01
Japanese new orders rise 2nd straight
After falling for 14 months in a row, Japanese export ship orders rose for the second consecutive month in January on a year-on-year basis, surging by a robust 50.5 percent to 471,900 gross tons, according to figures released by the Japan Ship Export...
2010-02-19 08:23:58
PC orders growth to benefit HMD most
Hyundai Mipo Dockyard (HMD) of Korea, a sister company of Hyundai Heavy Industries, is expected to be the most beneficial company in case that PC (Product Carrier) newbuilding market expands. Eom Kyeong-ah, an analyst at Seoul-based Shinyoung Secu...
2010-02-19 07:23:29
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