Shipbuilding
Daewoo delivers Q-Max ‘Lijmiliya’
Qatargas and Nakilat have taken delivery of another mega LNG carrier in South Korea recently. The vessel – ‘Lijmiliya’ (pictured) in the Q-Max class has been built at Daewoo Shipbuilding & Marine Engineering Co Ltd, Okpo shipyard on Geoj...
2009-01-05 07:02:15
Fresh order fall New Year : India
Indian shipbuilders may maintain profit growth in 2009/10 but order flows will deteriorate further as shipping services firms, stung by a credit crisis and plunging sea rates, put expansion plans on hold and cancel orders. ABG Shipyard, India's la...
2009-01-05 06:16:30
Turbulent 2009 : Restructuring wave to hit Korea
Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms expected to take a particularly harsh battering. "2009 will be a year of restructuring for the shipbuilding sector, but t...
2009-01-05 06:09:54
Majors expected to hit all time high
Despite the plummet in new orders, South Korean major shipbuilders are expected to achieve all time high business records this year in terms of revenue and net profit because they have already secured work load for three to four years ahead including...
2009-01-02 09:15:55
Samsung delivers First in New Year
Samsung Heavy Industries (SHI) revealed that the SHI’s 4,250 TEU container ship delivered to Greek shipping company Danaos on Jan 1, 2009 was recorded as the first vessel export in Korea's shipbuilding industry in 2009. It is 260meter-long, 32 m...
2009-01-02 07:35:34
Pha Rung builds oil tanker
The 110m-long and 18.2m-wide tanker is the fifth of its kind that Pha Rung Shipbuilding, a Vinashin subsidiary, has built for foreign partners. The oil-chemical tanker with the speed of 13 knots was designed by Asia Ship Design and Consultants Co., L...
2009-01-02 07:08:30
Hyundai missed target
A dearth of newbuilding orders at the end of 2008 has caused Hyundai Heavy Industries to miss its 2008 target. And with the credit crisis blocking funding for many new projects the world’s largest shipbuilder is making nervous noises for the yea...
2009-01-02 06:51:43
Abu Dhabi building last of 6 corvettes
Emirates Business reported that a major shipyard in Abu Dhabi has started production of the last of 6 advanced corvettes for the UAE Navy and all of them are expected to be commissioned within the next 3 years. Abu Dhabi Ship Building is building ...
2008-12-31 13:46:28
Rongsheng, ‘No need for cash’
Jiangsu Rongsheng Heavy Industries has knocked back suggestions it has axed the construction of a drydock as it gears up to deliver its first ever suezmax tanker newbuilding. Some shipbuilding players say the Nantong-based yard has abandoned its p...
2008-12-31 08:04:21
Delivery of seven vessels postponed at Cosco
The dire dry-bulk market has forced two owners to postpone delivery of a septet of units from a Cosco yard. Cosco Corp (Singapore) announced it has agreed with the European and Asian owners to push delivery back by up to 27 months. The revelation ca...
2008-12-31 07:42:07
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