SWS delivers 400th newbuildings [Shipbuilding]
CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) has completed the 400th newbuilding and delivered it.  SWS said it has completed 400 newbuildings of 70.29m dwt in 13 years and 8 months since it delivered its first ship in June 2003...
2017-03-09 07:08:18
Korean equipment providers aim at entering Azerbaijan [Equipment]
The Azerbaijani government has recently executed policies with a view to encouraging ship modernization and shipbuilding development, increasing the possibility for Korean shipbuilder equipment providers to export their products to the country. H...
2017-03-09 07:07:55
Agreement on sale of STX France comes near [Finance]
It emerged that parties are likely to reach an agreement on negotiations soon regarding acquisition of STX France in which STX Offshore & Shipbuilding holds 66.7% equities.   According to a French local press, it is said that Fincanti...
2017-03-09 07:06:59
HMM signs MOU with Korea Shipping Company [Shipping]
Hyundai Merchant Marine has inked a memorandum of understanding (MOU) with state-backed Korea Shipping Company on March 7, 2017, for vessel sales worth up to KRW 850bn ($739.4m) book value, which will strengthen HMM's financial position.   ...
2017-03-09 07:06:33
COSCOCS denies news on slashing capa [Shipbuilding]
COSCO Shipping Heavy Industry (CSHI) denied the recent report that the third largest shipbuilding group in China plans to drastically reduce the size of the shipyard facilities in order to ease the overcapacity. Liang Yanfeng, CEO of CSHI, is ...
2017-03-09 07:06:10
HHI develops compact LNG-FSRU [Offshore]
Hyundai Heavy Industries develops a small LNG-FSRU (Floating Storage Regasification Unit) worth KRW100bn ($100m), which is about a quarter of the construction cost of an onshore terminal. According to industry sources, Hyundai Heavy has been w...
2017-03-09 07:04:59
Global NB sales double in February [Shipbuilding]
Global shipbuilding industry's new shipbuilding orders in February 2017 doubled from the previous month.  According to Clarkson Research, newbuilding orders in February totaled 1.21m cgt, or 34 vessels. This was more than doubled from Jan...
2017-03-09 07:04:31
YZJ's new orders likely to be doubled [Shipbuilding]
China's largest privately-run shipbuilding group Yangzijiang Shipbuilding (YZJ) has recently saw about 20% upturn in its stock price against a backdrop of its cost-cutting measures and upbeat analyst report. Pei Hwa Ho, an analyst of the Devel...
2017-03-09 07:04:03
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