Shipbuilding
Daewoo eyes $10bn orders
South Korea’s Daewoo Shipbuilding & Marine Engineering announced Monday its management target for 2010. It aims to achieve revenue of KRW 12.4trn ($10.73bn) and operating profit of more than KRW 1trn for the new year. Daewoo plans to win new ...
2010-01-04 14:42:54
Hyundai misses order target
Hyundai Heavy Industries, the world’s largest shipbuilder, missed its target for new contracts for a second year as the credit crisis and shrinking global trade reduced demand for vessels. The South Korean shipyard won $10.6 billion worth of new...
2010-01-04 12:21:18
First skid launching at Samjin
On the start of the new year, January 1st, Samjin Shipbuilding Industries (SSI), located at Weihai, Shandong, China has successfully launched one 34,000-dwt bulk carrier. Subject vessel H1010 is the second of the six vessels, which ‘KP Internati...
2010-01-04 12:00:54
Brodosplit launches tanker for Swedish
Croatia’s Brodosplit shipyard launched tanker Hull 464 in handymax, class 1A, which it built for Swedish shipping company Concordia Maritime AB. It is a tanker for transport of petroleum products in polar regions with a capacity of 65,056 dwt. ...
2010-01-04 07:20:16
Hyundai $17.7bn order target
South Korea’s Hyundai Heavy Industries said on December 31st 2009 that it aims to get new orders worth $17.7bn in 2010. The world’s largest shipbuilder also set revenue target of KRW 21.55trn ($18.6bn) for the new year. Hyundai plans to inv...
2010-01-04 06:21:02
New yard gets go-ahead
The Indian government has approved the establishment of a new shipyard even as it hands over the Vizag-based Hindustan Shipyard (HSL) to the defense ministry this week. According to the decision of the government, HSL will now cater to the require...
2009-12-30 08:28:33
Okskaya signs 10 river ships
Okskaya Shipyard JSC (Navashino, Nizhny Novgorod region) has signed a contract for the construction of ten river ships, ordered by Volga Shipping. The three-year contract cost is said to be 4.7 billion rubles ($157.5m), local newspaper reports cit...
2009-12-30 08:03:45
Petrobras signs nine
Brazil’s state-owned oil company Petrobras signed charter contracts Tuesday for nine tanker newbuildings to be built at Brazilian yards. A company official says more such deals are expected to follow. The Brazilian oil company had announced 12-n...
2009-12-30 07:52:53
Daewoo CEO meets Russian PM Putin
South Korea’s Daewoo Shipbuilding & Marine Engineering said Tuesday that its president Nam Sang-tae met with Russian prime minister Vladimir Putin in Vladivostok on December 28th to exchange opinions about Russia’s shipbuilding modernization plan...
2009-12-30 07:14:44
Dry spell to continue
South Korean shipbuilders have enjoyed a number of massive orders over the past two months, but it is still too early to say the sector is climbing up from the bottom, analysts said. According to London-based market researcher Clarkson Plc., South Ko...
2009-12-29 14:23:16
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