Shipbuilding
Flourishing or Illusion?
In 2009，China replaced Korea’s championship in terms of order intakes, who has dominated shipbuilding industry for nearly 20 years. According to Clarkson Research Services statistics, China gained 44.4% of global shipbuilding orders last year ...
2010-01-26 14:12:42
Greek ready for cash bombs
Greek shipowner Leros Management says it intends to go through with 10 newbuilding contracts it placed in 2008 and shoulder a difference of some $130m between the prices it paid and today's levels. Leros has an orderbook of six 34,000-dwt bulkers...
2010-01-26 08:26:07
CSIC output 10m dwt in 2010
One of China's two leading State-owned shipbuilders, China Shipbuilding Industry Corporation (CSIC), said Sunday that its profit in 2009 jumped 18.5 percent to 7.39 billion yuan (1.1 billion U.S. dollars). The Beijing-based conglomerate, which consis...
2010-01-26 07:48:50
Samho inks six 32K bulkers
Samho Shipbuilding, located in Tongyoung city, South Gyungsang province, South Korea, has signed a contract with Turkish shipowner Densa Denizcilik Sanayi Ve Ticaret A.S. on January 22th (local time) to build six 32,000-dwt bulkers. PD Shon, CEO ...
2010-01-25 11:42:34
Odfjell cancellation, bitter medicine for Sevmash
The Russian shipyard Sevmash’s failure to deliver 12 chemical tankers to Norwegian shipping company Odfjell and the 43 million dollars the shipyard was fined to pay, is a valuable lesson for Russian shipbuilding industry, says Russian web site. ...
2010-01-25 07:49:23
Hyundai Mipo to deliver 65 ships
Korean shipbuilder Hyundai Mipo Dockyard is expecting to deliver a total of 65 newbuildings this year, centering on MR product carriers, its main ship type. It will build 39 MR product tankers, seven pure car/truck carriers, four LPG carriers, fou...
2010-01-25 07:15:22
Hudong inks first order in 2010
On 20th January, China’s Hudong Zhonghua Shipbuilding (沪东中华造船) contracted with Chaozhou Yatai Shipping located in South China, to build two 76,000-dwt bulk carriers. It’s the first order intake Hudong gained in 2010....
2010-01-25 06:54:47
China crowned No. 1 by orders
Chinese shipyards seem to have snapped the No. 1 spot, beating Korean rivals in terms of new order intakes last year, which is the first time in China’s shipbuilding industry. China’s Ministry of Industry and Information Technology (MIIT) sai...
2010-01-22 16:56:27
Greek cuts five orders to two
Greek shipowner Bright Navigation has successfully renegotiated orders with two Korean shipbuilders and minimized losses caused by the fall in newbuilding prices. Under the agreements, five-ship orders will be cut down to two. George Stephanou,...
2010-01-22 16:01:33
Chinese rush holds dangers
It has been about one year since China adopted its shipbuilding stimulus plan. Apart from pledges to support Chinese shipbuilders financially, the stimulus plan focuses on the necessity to control overcapacity in the industry. Looking back o...
2010-01-22 09:49:45
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