Shipbuilding
Japanese Counterattack
After lagging behind Korea and China, being the third place in global newbuilding, Japan is expected to counterattack for new orders and bring a positive influence on its performance triggering an increase in ship price, boosting Japanese builders’...
2013-03-11 07:26:46
New orders mildly increase
Global newbuilding order in February, 2013, was reported to be a combined 1.946mCGT (88 vessels) showing a slight decrease from the previous month. Accumulated orders up to February were a combined 4.138CGT (190 vessels), which represents an incr...
2013-03-11 07:06:54
STX to win MR tankers
STX Offshore & Shipbuilding of Korea appears to be in talks with Greek owner European Navigation for a series of newbuilding tankers. Recently, an official from European Navigation said that the company is discussing with the Korean shipyard for u...
2013-03-11 06:39:54
Hyundai Samho bags LR2
MONACO--(Mar 7, 2013) - Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced that it has reached an agreement with Hyundai Samho Heavy Industries Co., Ltd. in Korea to construct two 114,000 dwt LR2 Product Tankers for $49.75 million per ship. ...
2013-03-08 10:36:08
JMU scores Capes again
Japan Marine United (JMU), which recently booked four 180,000-dwt newly designed capesize bulkers for Greek owners, is said to have won two 200,000-dwt bulkers from China Steel Express (CSE) of Taiwan. CSE announced on March 4 that it signed a new...
2013-03-08 07:43:25
HMD enjoys PC recovery
Hyundai Mipo Dockyard of Korea is said to benefit from gradual recovery in product carrier (PC) market. Analyst Kwak Min-Jeong at BS Investment & Securities of Korea has said, “Hyundai Mipo Dockyard announced on March 6 through a regulatory fil...
2013-03-08 07:33:38
Kawasaki Won Seven
Kawasaki Heavy Industry is to achieve up to JPY 450bn ($4.8bn) of annual revenue, on a consolidated basis, by 2020, from its ships and offshore division. To meet the target, the Japanese conglomerate plans to promote 'GOOD Strategy', which aims su...
2013-03-08 06:55:23
MIBS-VLCC Concept Approved
6 March, 2013, Namura Shipbuilding Co., Ltd. has been working for years to develop a MIBS(MInimal Ballast water Ship, hereafter abbreviated as MIBS) VLCC together with Shipbuilding Research Centre of Japan, with the support of Japanese Ministry of La...
2013-03-07 08:09:24
Qingdao Yards Fast-growing
China’s port city, Qingdao, located in Shandong province, saw a sharp growth in shipbuilding industry, offshore facility industry and harbor related industries that its gross production in 2012 amounted to CNY 37.81bn ($6bn) with a 19.4% increase y...
2013-03-07 07:35:09
CSSC Chengxi pens 65K BC
China’s CSSC Chengxi Shipyard has won additional contract for a bulker successfully and is making an aggressive move forward winning newbuilding bulkers. CSSC Chengxi signed a contract to build one 65,000DWT bulker with Guangzhou Maritime Transp...
2013-03-07 06:32:18
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