Shipbuilding
HMD inks MR pair
Hyundai Mipo Dockyard of Korea has announced on February 7 that it inked a contract with Dong-A Tanker of Korea for two 50,000DWT PCs (Oil Product Carriers) on February 4. Present were Choe Woen-Gil, president of Hyundai Mipo and Lee Jong-Myung ...
2013-02-08 07:40:30
Eco-Ship orders to rise
Ordering demand for large-sized Eco-Ship is expected to increase. Since Samsung Heavy Industries of Korea completed the delivery of the very large Eco containership for the first time in the industry, the deliveries of large-sized vessels have follow...
2013-02-08 07:35:58
GSI wins LR2 PCs
China's Guangzhou Shipyard International has recently won a newbuilding order from Frontline to build two 115,000DWT products tankers. The vessels are said to be scheduled for delivery from late 2014. The newbuilding deal signed on January 22 i...
2013-02-07 10:37:16
MHI ups profit forecast
Mitsubishi Heavy Industries’ shipbuilding and ocean development divisions turn around to see the black, JPY 5bn ($53.3m), on a consolidated basis, in the fiscal year of 2012, from April 2012 to March 2013, from JPY 3.8bn of operating loss recorded ...
2013-02-07 07:43:02
HMD "Profitability Concerned"
There is continued concern that Hyundai Mipo Dockyard of Korea would see low profitability. Analyst Yoo Jae-Hoon said "Fierce newbuilding competition damaged Hyundai Mipo's profitability." He pointed out "With favorable market predicted in prod...
2013-02-07 07:04:28
CSSC bags bunker TKs
China's state-owned Chongqing Chuangdong Shipbuilding Heavy Industry has recently won a newbuilding order for bunker tankers. Compatriot Xinhai Oil Co has booked two bunker tankers at the shipyard. Chongqing Chuangdong is scheduled to deliver t...
2013-02-07 06:48:18
SWS seals VLCCs
China Merchants Energy Shipping has sealed a second VLCC newbuilding deal in less than a week. The shipping company revealed in a Shanghai Exchange filing that it has ordered three firm 318,000DWT Very Large Crude Carriers and two optional vessels...
2013-02-06 09:55:40
MES operating profit rises
Mitsui Engineering & Shipbuilding (MES) has seen nine month operating profits gain, during April-December 2012, by 32% year-on-year to JPY 9.7bn ($105m) for shipbuilding and offshore divisions on a consolidated basis, it announced on February 5. I...
2013-02-06 08:00:57
Chinese supplies bulker triplets
China's Guangzhou Wenchong Shipyard won an order to supply three 32,000-dwt bulkers from Transworld Group of Dubai. Transworld took delivery of one bulker, TBC Progress, from Guangzhou Wenchong in 2012. Transworld is expanding its bulker fleet ...
2013-02-06 07:40:48
Fujian Boosts Shipbuilding
China's Fujian Province expects its shipbuilding industry to have the capacity to build more than 8 million deadweight tons of ships annually by the end of 2015, earning CNY 70 billion ($11bn). Fujian provincial government announced "11 Measures t...
2013-02-06 06:47:06
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