Shipbuilding
China-Korea hit recovery hopes
China and South Korea’s support for shipbuilders may add to a glut of capacity, slowing a recovery in shipbuilding industries. The world’s two largest shipbuilding nations have taken steps this year to aid shipyards and safeguard jobs as cust...
2009-10-08 09:35:05
Hyundai Mipo may review boxship order
It has become a possibility that the contract for two 1,060-TEU containerships ordered by Abu Dhabi National Oil Co from South Korea’s Hyundai Mipo Dockyard (HMD) until last week will be reviewed, according to overseas newspaper reports. The two...
2009-10-08 07:25:57
Deliveries diverge among ship types
An acceleration of newbuilding deliveries sped up growth in the dry-bulk fleet during the third quarter, say analysts from Fearnley Fonds. But it was a different story for the tanker and container sectors where the number of new arrivals is slowin...
2009-10-08 07:11:58
Vale to order $1bn 11 bulkers in Korea
Brazil's iron ore exporter Vale expressed its intention to order 11 bulk carriers worth a combined $1bn from South Korean shipbuilders, local newspaper reported on Wednesday. Vale officials plan to visit South Korea to complete the deals with Daew...
2009-10-07 12:05:48
CSBC gets tough on delay requests
Taiwan’s largest shipbuilder CSBC Corp said it would take a harder stance toward shipowners seeking to delay deliveries, foreign media reports. CSBC was hard hit by newbuilding delivery delays in the first seven months this year. Compatriot c...
2009-10-07 07:06:43
Hyundai changes 2-158K to 3-105K
According to market reports, South Korea’s Hyundai Heavy Industries has changed the two 158,000-dwt suezmax tankers ordered by Greek owner Phoenix Energy Navigation into three 105,000-dwt aframax tankers. The two companies concluded the deal for...
2009-10-07 07:01:09
Boxship orderbook risk rising
As containership owners continue to suffer from market downturn, South Korean shipbuilders which have large amount of boxship orderbook are faced with increasing risk of order cancellations or default on newbuilding contract. So far, shipyards have r...
2009-10-07 06:36:14
Ethiopian to order MPPs in China
Ethopian Shipping Lines (ESL) is placing a newbuilding order at China's Taizhou Kouan Shipbuilding, foreign media reports. Sources say the national shipping company has inked a letter of intent for a series of multipurpose (MPP) vessels at the shi...
2009-10-06 07:36:45
Hyundai Mipo wins two 1,060TEU
South Korea’s Hyundai Mipo Dockyard has broken its orders drought after signing a newbuilding deal with Abu Dhabi National Oil Co (Adnoc). Brokers say the contract is for the construction of two 1,060-teu containerships for delivery in mid 2011....
2009-10-06 07:01:39
Korean may win 11 VLOCs
South Korea’s Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding are expected to win very large ore carrier orders from Brazil, which could amount to 11 units maximumly. According to industry sources, the two shipbuilders a...
2009-10-06 06:27:52
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