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Shipbuilding
Samsung to win new orders in H2
Seoul-based Shinyoung Securities said Thursday Samsung Heavy Industries would post better business performance since the second quarter of the year. Shinyoung analyst Um Kyung-ah said, “As container lines’ profitability deteriorates, worries a...
2009-07-17 06:16:39
Sungdong wins suezmax pair
Sungdong Shipbuilding & Marine Engineering of South Korea has signed a newbuilding contract with a Greek shipowner for two 158,000-dwt suezmax crude tankers on July 16th. The contract price is said to be slightly over Clarkson-estimated benchmark ...
2009-07-16 12:24:30
German shipbuilding crisis deepening
German shipbuilding crisis is deepening as Hamburg-based shipyard Sietas Werft introduced short-time working for 125 of its 880 employees and bankrupt Wadan yards admitted that it may lose its last remaining order. Under the new agreement at Siet...
2009-07-16 07:12:51
Kwangsung faces workout
Newly-established shipbuilder Kwangsung Shipbuilding in South Korea looks set to undergo creditors-led workout procedure (rehabilitation), following a credit evaluation by its leading creditor. An executive at the shipbuilder said that Kwangsung...
2009-07-16 07:07:08
China spurs technology innovation
Chinese government, through the Ministry of Science and Technology and the Ministry of Finance, has finalized the first-round list for ‘2009 Technology Innovation Fund for Scientific-Technology Intensive Midsize Enterprises’, after related agenci...
2009-07-15 13:03:24
China tops handymax order list
Chinese and Greek shipowners have the largest numbers of handymax bulkers on order. The handymax orderbook, estimated at 958 vessels, was more or less equally dominated by owners from Asia and Europe, according to research from French broker Barry...
2009-07-15 12:20:42
Yangzhou newbuilding output jump
The shipbuilding industry along Yangzhou City's inland rivers in China is beginning to recover. Yangzhou shipbuilders have built 400 vessels totaling 210,000 dwt in the first half of this year, up 349% and 535% year-on-year respectively. According...
2009-07-15 11:49:18
Chinese shipbuilding capacity to be idle
There are some concerns arising in Chinese shipbuilding industry upon its bloated shipbuilding capacity. According to local sources, a senior official at the Economic Commission of China's National Political Negotiations Conference said new shipbu...
2009-07-15 06:48:04
China yards offer low price newbuilding
Chinese shipbuilders are offering low prices for newbuildings to domestic shipowners. According to local sources, Chinese shipbuilders are imposing substantial penalties to foreign shipowners who called for delay in newbuilding delivery while on t...
2009-07-15 06:41:42
Sungdong, Daehan to win new orders soon
Sungdong Shipbuilding & Marine Engineering and Daehan Shipbuilding in South Korea are reportedly about to win newbuilding orders. According to market sources, the shipbuilders of middle standing appear to be in final negotiations for capesize newb...
2009-07-14 16:39:09
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