Shipbuilding
Sungdong lands 75K tanker
Betonix Ltd, a privately-owned property developer based in Mauritius, is entering shipping business after ordering a long-range-one (LR1) product tanker at Sungdong Shipbuilding & Marine Engineering in South Korea. Betonix managing director Veekra...
2010-01-08 16:23:32
Hantong signs 55K bulker for $60m
Italy's Coeclerici Group has signed a contract with China's Jiangsu Hantong Ship Heavy Industry to construct two self-unloading bulkers. The pair of 55,000-dwt newbuildings are said to be costing Coeclerici around $60m each with delivery scheduled f...
2010-01-08 16:07:03
Xingang inks two railway ferries
On January 6th, China’s Tianjin Xingang Shipbuilding Heavy Industry (天津新港船舶重工) signed a contract with Yuehai Railway to build two railway ferries. That means the construction work on the two ferries (Yuehai Railway No. 3 and Yue...
2010-01-08 15:24:21
Sungdong pens cape for $50m
Greece’s Polembros Shipping is said to have ordered a pair of capesize bulkers at Sungdong Shipbuilding & Marine Engineering in South Korea. Notably, the owner is reportedly paying just $50m each for the 180,000-dwt newbuildings with a 70% depos...
2010-01-08 15:14:10
Taiwanese orders 37K bulkers at STX
Taiwan’s Unison Marine Corp has emerged as the mystery shipowner behind an order for two handysize bulkers at STX Offshore & Shipbuilding in South Korea. A source close to the Taiwanese firm confirms the company has inked two 37,000-dwt handysiz...
2010-01-08 13:59:44
Price war inevitable
Nowadays, Chinese shipbuilding industry is experiencing toughest time ever. China’s Jiangsu Rongsheng Heavy Industries Group sold 12 very large ore carriers to Companhia Vale do Rio Doce in July of 2008, at the price of $140m per unit. One year...
2010-01-08 06:43:44
Japanese Revamping & Innovating
Gist of Japanese major shipbuilders’ new-year message can be condensed into insuring substantiality and innovation. ●Mitsubishi Heavy Industries ▼Enhance adaptability to fast-changing economic environment and revamp profitability structure....
2010-01-08 06:17:32
China launches its largest VLCC
On January 4th, China’s Bohai Shipbuilding Heavy Industry (BSHI) launched the largest-ever very large crude carrier built in the country. The newbuilding is of 320,000 dwt, which sets a new record for VLCC constructed in China. Meanwhile, anot...
2010-01-07 17:23:15
STX develops ice-class ships
South Korea's STX Business Group said Thursday that STX Offshore & Shipbuilding and STX Europe jointly developed arctic ice breaking shuttle LNG carrier and large ice-class container vessel. The newly-developed ice-breaking shuttle LNG carrier can...
2010-01-07 09:50:07
Azerbaijan new yard project
Azerbaijan is promising a state-of-the-art new shipyard to boost its domestic industry. The head of the country’s maritime administration, Gudrat Gurbanov, said the yard would be located near the Heydar Aliyev Baku Deepwater Jackets Factory. The...
2010-01-07 08:22:52
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