Shipbuilding
Jiangzhou wins MPP duo
A newbuilding contract between China’s Jiangzhou Union Shipbuilding and a Hong Kong-based shipowner to build one 12,500DWT multipurpose vessel with an option for one more is said to have taken effect recently. The vessel, which is able to oper...
2013-03-14 07:35:59
NB prices to rise soon?
Clarkson’s newbuilding price index has remained static during the last half of a year and its upturn might come in the very near future. As Clarkson’s latest report says that there has been increasing inquiries for newbuildings but it may tak...
2013-03-14 07:31:07
HMD bags more ECO MRs
Luxembourg – March 12, 2013 – d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company, operating in the product tanker market, announced that its operating subsidiary d’Amico Tankers L...
2013-03-14 06:38:36
Eco-ship demand continues
LNG-propelled vessels are likely to emerge in large-sized commercial ship segment due to global environment regulation reinforcing gradually and ECA range expanding. Analyst Park Mu-Hyun at E*Trade Securities of Korea has said, “By 2015 or befo...
2013-03-13 07:42:16
"Chinese need higher prices"
Hu Keyi, technical director and ship designer of Jiangnan Shipyard, China, has said that there exist an upturn in newbuilding demand, inelastic demand staying still regardless of price change and also some demand trying fleet expansion backed by Chin...
2013-03-13 07:41:40
Japanese order-intake rises
Global newbuilding contracts in 2012 were reported to be 1,948 vessels of a combined 38.34mGT, showing a 29% year-on-year decrease in GT terms. Data from IHS said that by country, China outpaced Korea in new contracts, newbuilding delivery and ord...
2013-03-13 07:00:41
DSME to improve on offshore
Daewoo Shipbuilding & Marine Engineering of Korea is expected to show a gradual profitability improvement from this year. Analyst Shim Won-Sub at IBK Investment & Securities of Korea has said, “Daewoo has ranked in the first place in 2012 in te...
2013-03-12 07:24:18
Clarkson's "Good News"
An outlook for new order contracts for 2013 is still uncertain, however, it could be good news to newbuilding market in the medium to longer term that the fleet supply and demand is getting closer to equation due to a slow growth of tonnage. Globa...
2013-03-12 07:21:00
Hanjin signs 5,400TEU LOI
Subic shipyard of Hanjin Heavy Industries & Construction of Korea continues its order rally, announcing that it signed a Letter of Intent (LOI) with European shipowner for eight 5,400TEU containerships on March 8. Hanjin said that the vessels are...
2013-03-11 12:00:09
Sungdong Names Quartet
Sungdong Shipbuilding & Marine Engineering of Korea has held naming ceremonies for two 8,800TEU containerships and two 157,000DWT shuttle tankers, respectively on March 8 and 11. The two types of vessel are recorded as the first constructions by ...
2013-03-11 10:38:58
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