Shipbuilding
Double Whammy: Prices↓, Cancellations↑
Shipbuilding industry is suffering from multiple torture of severe orders drought on top of crashing ship prices and contract cancellations. Accordingly, there are some negative opinions on receiving orders at this time when ship prices have falle...
2010-02-19 07:16:24
Hanjin cancels another 6,500TEU
South Korean shipbuilder Hanjin Heavy Industries & Construction has cancelled another containership order in a further display of strong arm tactics as its customers struggle to pay for vessels ordered during the boom times. The latest cancellati...
2010-02-18 08:27:32
Emergency operations to the fore
As ship financing market is forecast to take a direct hit from financial crisis in Europe, Korean shipbuilding industry is getting into emergency management system. An official from Daewoo Shipbuilding & Marine Engineering (DSME) said, "We secure...
2010-02-18 07:22:16
Shipbuilding base groundbreaking
On upcoming Feb. 23th, there will be a groundbreaking ceremony to construct the shipbuilding industry complex in Galsa bay in Hadong, North Gyeongsang province. The Galsaman shipbuilding industry, a to-be core complex in Hadong area of the Gwangyang ...
2010-02-18 07:20:48
Samho pens more handies
Korea's Samho Shipbuilding announced today that it has signed a newbuilding contract in Piraeus with Greece's Strand Management S.A. for two 32,000-dwt bulkers on Feb. 11th. The builder, located in Tongyoung city, South Gyungsang province, said th...
2010-02-17 12:09:10
Zaliv rebounds to profit
Ukraine’s Zaliv Shipyard has turned around a big loss to end 2009 in the black. The company said net earnings last year were UAH 33.9m ($4.22m), compared to a loss of UAH 87.21m the year before. The value of its output rose to UAH 451.26m, ...
2010-02-17 08:33:46
Hanjin dual operations
Hanjin Heavy Industries & Construction (HHIC) which was hit directly by the protracted recession in shipbuilding industry and thus has been carrying out the large-scale workforce restructuring plans to divide the operations of its Korean shipyard and...
2010-02-17 07:40:40
Giants inactive for order intake
Persistent depression of shipbuilding industry is having influence on shipbuilding companies' business pattern. According to an industry source, the world's largest shipbuilder Hyundai Heavy Industries (HHI) of Korea downward targeted its sales of...
2010-02-17 07:30:14
China’s luxury cruiseship dream
The construction technology of liquid natural gas (LNG) carrier and luxury cruiseship is recognized as the pearl on the crown of global shipbuilding industry. At present, China is capable of mass production for LNG carriers but the luxury cruisesh...
2010-02-16 14:46:43
SPP confirms 5 bulker orders
Korea’s SPP Shipbuilding and SPP Plant & Shipbuilding have clinched five-bulker orders this month worth about $165m in total from three Greek shipowners. Modion has inked one 82,000-dwt bulker and Iason Hellenic has booked two 82,000-dwt bulkers...
2010-02-16 14:10:38
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