Shipbuilding
Daewoo to ink $9bn by H1
Daewoo Shipbuilding & Marine Engineering was forecast to reap less new orders during the second half of the year than in the first half. Bank of America Merrill Lynch said considering the Q1 operating results it raised Daewoo's annual performance ...
2011-05-25 14:13:32
Bulker ordering dwindles
In the wake of the largest oversupply of dry bulk carriers in decades, ship owners seem to have ended their almost two-year buying spree. According to new shipbroker reports, newbuilding orders for dry bulk carriers have been dwindling. Based ...
2011-05-25 07:47:37
Korean aim at Nor-Shipping bonanza
10 South Korean shipbuilders installed booths at Nor-Shipping 2011 and embarked on an aggressive promotion activity, attracting industry eyes if they will deliver news of winning newbuilding orders during the exhibition period. Especially, on May ...
2011-05-25 07:12:55
Small boxship orders soar
New containership orders continue to race ahead of other sectors, with latest figures from Clarksons showing that orders worth $8.4bn have been placed so far this year That compares with $8.2bn in the whole of 2010 and just $1.1bn reported for 20...
2011-05-25 06:53:34
Polarization appears: S&M
Polarization among small- and medium-sized shipbuilders is widening as well as among large and smaller yards. Some S&M yards are recovering with differentiated strategies like strengthened R&D and business diversification, but many others may fail...
2011-05-24 07:36:54
Chinese face grim outlook
China’s shipbuilding industry is expected to face choppy seas this year amid rising costs from labor, raw materials and yuan appreciation, the China Association of National Shipbuilding Industry (CANSI) said in a report on May 19. Of China’s 1...
2011-05-24 07:23:57
Daewoo-Mangalia wins 9,000TEU's
Daewoo-Mangalia Heavy Industries in Romania will build four 9,000-teu boxships for the Israeli Ofer Global Holdings group, under a contract of EUR 400 million, with the additional option of a further four ships. The ship construction will be comp...
2011-05-24 07:21:15
STX VLCC cancelled
Korea’s STX Offshore & Shipbuilding said in a regulatory filing yesterday that a domestic client, thought to be troubled KLC, has cancelled a VLCC due for delivery this month. The company said that the owner of the KRW 147bn ($134m) tanker was ...
2011-05-24 06:55:24
Jinhai pens kamsarmaxes
China's Jinhai Heavy Industry has won an order for 1+1 kamsarmax bulk carriers. Singapore's Wilmar International booked the 81,500-dwt ships late last month. It is just one month after it clinched 2+2 VLCC order despite a severe slump in new or...
2011-05-23 07:15:30
Tsuneishi wins 3 kamsarmaxes
Japan’s Tsuneishi Shipbuilding has secured an order for three kamsarmaxes from Singapore-based United Ocean group last week, bringing this year’s orders to date to seven, with another order for three kamsarmaxes expected to be agreed in June, acc...
2011-05-23 06:50:02
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