Shipbuilding
Jinhai to see more axes
China's Jinhai Heavy Industry is predicted to see more newbuildings for John Fredriksen group to be chopped off. Fredriksen-led Golden Ocean and Frontline 2012 have exercised their rights to cancel the newbuilding contracts for six vessels due to ...
2013-02-26 06:43:33
HMD talks for 40 MRs
Hyundai Mipo Dockyard of Korea is said that the performance of Vietnam’s Hyundai-Vinashin Shipyard (HVS) and orders to be placed by Royal Dutch Shell might be crucial factors for its stock price. Choi Won-Kyung, an analyst at Kiwoom Securities o...
2013-02-25 07:10:00
Recovery still far away
New orders in global shipbuilding industry showed an increasing trend during January, 2013, both year-on-year and month-on-month, however, it is said that recovery in the industry still has a long way to go. According to a data from Shenyin & Wang...
2013-02-25 06:54:33
COSCO won $2bn in 2012
SINGAPORE, 21st Feb 2013 – Singapore Exchange (“SGX”) mainboard-listed COSCO Corporation (Singapore) Limited (“COSCO” or the “Company”), a leading ship repair & marine engineering and shipping group, announced its financial results...
2013-02-25 06:38:48
Sungdong to win Capes?
Sungdong Shipbuilding & Marine Engineering is likely to win a series of capesize bulkers from a Greek owner. Marmaras Navigation appears to be planning to book newbuilding orders of up to six 180,000-dwt bulkers at the Korean shipyard, sources sai...
2013-02-22 11:35:27
NB market improve
New orders contracted in global shipbuilding industry in January, 2013, turned out to be 95 vessels of a combined 7mDWT, 2.08mCGT, achieving a total of $4bn, and especially, in terms of three major commercial ships, 34 orders were awarded for bulker,...
2013-02-22 07:32:39
Sietas more time given
Insolvent JJ Sietas has been given more time before taking a decision on whether to liquidate the German shipyard or not. The decision making regarding its liquidation has been postponed until the end of March from the end of February previously, ...
2013-02-22 07:25:30
Jinhai-building BC axed
China's Jinhai Heavy Industry saw its newbuilding capesize bulker currently under construction cancelled off by excessive delivery delays. Safe Bulkers announced on February 20, it "exercised its termination right under an agreement for the construc...
2013-02-22 06:37:33
HMD delivers ECO Con-Ro
February 19, 2013 — Bahri (The National Shipping Company of Saudi Arabia) has taken delivery of the first of six Roll-on/Roll-off Container (RoCon) vessels from Korean shipbuilder Hyundai Mipo Dockyard. The 220 m ships have a beam of 32.2 m,...
2013-02-21 09:43:33
SAJ calls on gov't support
Chairman Kazuaki Kama of Shipbuilders' Association asked the Japanese government to provide active supports for its local shipbuilding industry and make the industry as one of Japan's leading industries from the new government. He said "To fully o...
2013-02-21 07:53:44
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