Lasting strong tendency in FPSO construction market
The order for Floating Production Storage Offloading (FPSO) has been made steadily over the past few years due to the persistent high oil price, this tendency seems to last consistently. According to the overseas report, major oilmajors’ develop...
European shipyards facing cessation of work
Some European shipyards temporarily stopped operation due to supply delays or financial problems. If the suspension of operation lengthens, the shipyards may face delivery delays or order cancellation. Danish shipyard Odense Steel Shipyard ceas...
Beluga keeps investing in heavy lift ships
Germany’s heavy lift carrier owner, Beluga Shipping ordered four multipurpose heavy lift carriers (1,400-ton capacity) at China’s Hudong-Zhonghua Shipbuilding. The ships will be delivered in Nov 2011, Feb, Apr, and Jun 2012. They are Beluga...
Samsung wins order amid global financial crisis
Samsung Heavy Industries (SHI) recently received order for three tankers from two shipping companies in Europe, which is welcome news to shipbuilding industry weakened of late due to world financial crisis. The South Korean shipbuilder said Wednes...
Kawasaki making the most of the China base
Kawasaki Shipbuilding Corp (KSC), a shipbuilding subsidiary of Japan’s Kawasaki Heavy Industries, has decided to provide its design and technical know-how for production to a shipbuilding subsidiary of China Ocean Shipping (Group) Company (COSCO) w...
Establishment of Wadan Yards Group
Wismar and Rostock shipyards which were sold to a shipyard in Germany, of Aker Yards, the biggest European shipbuilding group, has been named as Wadan Yards by a Russian investment group. These two shipyards, well-equipped with modernized faciliti...
Hyundai names 12 ships this month
In October one month, Hyundai Heavy Industries (HHI) holds naming ceremonies for a total of 12 ships, making a new world record. The representatives of shipowner and shipbuilder usually participate in the christening ceremonies around the time wh...
How long shipbuilding slowdown will last?
Shipbuilding industry was not spared the dark cloud of global financial crisis. Ship prices are falling following the reduced number of newbuilding orders since late July and securities analysts are now hardly able to have rosy view on shipbuildin...
German yards turn to diversify
Now that the recent container ship order spree has ebbed too almost zero, some European shipyards involved in containership building have become increasingly worried about the far end of their orderbook. While most specialized yards still have a...
Koreans keep strong orders
Nine major South Korean shipbuilders including Hyundai Heavy Industries, Samsung Heavy Industries, etc., until the end of August, have received orders for 434 ships, amounting to 13,109,433 CGT (31,507,350 GT). According to the data collected by t...
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