Shipbuilding
Japanese face crisis
Pessimism is reportedly beginning to spread among Japan's large shipbuilders. Newbuilding orders drought, which started since the fall of 2008, is not expected to be resolved in the near future and maintaining a certain level of profitability is a...
2009-11-30 06:24:09
Orders dry spell continues
New ship orders drought and bearish newbuilding prices are expected to continue in 2010. Seoul-based Woori Investment & Securities said in its latest report on shipbuilding prospects for 2010, “Supply and demand situation in global shipbuilding ...
2009-11-30 06:17:00
Samsung vs Daewoo: Almi suez orders
South Korea’s Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering are said to be competing for a newbuilding contract from Almi Tankers of the Greece. The shipowner is the tanker arm of Fairsky Shipping & Trading and it is plan...
2009-11-27 13:38:18
SPP lands two 50K BCs
Greece’s AB Maritime has placed its first newbuilding order for a pair of supramax bulkers at South Korea’s SPP Shipbuilding. Managing director Spyros Vamvakas confirms the company has inked two 50,000-dwt bulkers at the shipyard for $33m each...
2009-11-27 13:26:32
Daoda bags 8 handysizes
Chinese emerging shipbuilder Daoda Heavy Industry has secured a contract to construct handysize bulker series from a European shipowner. Sources say Daoda will build two firm plus six optional units of 35,000 dwt for Hanzevast Shipping of the Neth...
2009-11-27 13:15:26
Mingde inks two 115K BCs
South Korean liner player Sinokor Merchant Marine is continuing to expand its presence in the dry bulk sector. The Seoul-based shipping company has placed an order for a 115,000-dwt bulker plus one option at China's Nantong Mingde Heavy Industries...
2009-11-27 13:05:47
Italian support yet to come
Italian shipbuilding workers’ representatives claimed that a hotly anticipated meeting with government officials had signally failed to come up with significant measures to help ease the mounting pressure on the industry. Though government official...
2009-11-27 07:09:10
Chinese newbuild jump
The value of ships completed by Chinese shipyards increased 31.5% year-on-year in the first ten months this year to Yuan443.8bn ($65.2bn), according to the Chinese Ministry of Industry and Information Technology. The growth slightly slowed down fr...
2009-11-27 06:59:27
21st Century inks 3.2K tankers
South Korea’s 21st Century Shipbuilding has clinched a contract with Seacoast Shipping of the Philippines on November 26th to build two 3,200-dwt oil tankers. Although the contract is not a large deal, it is meaningful in that the company has en...
2009-11-27 06:06:38
Huatai Heavy inks 6 bulkers
China's Huatai Heavy Industry (Nantong) has recently signed a contract with Marine Capital of the US to build six 37,300-dwt bulk carriers, local media reported. The shipowner is said to have already paid deposits equating to 30% of the total newb...
2009-11-26 14:23:38
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