DSME finished sale of subsidiary WELLIV [Finance]
Daewoo Shipbuilding & Marine Engineering announced on May 25 that the Korean indebted shipbuilder approved the sale of its subsidiary WELLIV to a private equity investment firm. The sales of 100% stakes Daewoo holds in WELLIV amounts to appro...
2017-05-29 07:06:49
HHI succeeds in signing more VLCC [Shipbuilding]
It turned out that Enesel of Greece exercised one 300,000 dwt very large crude carrier (VLCC) option at Hyundai Heavy Industries.  The Korean shipbuilding giant signed a contract with the Greek shipowner for the construction of two 'Tier ...
2017-05-29 07:05:25
HMD bags up to four MR tankers [Shipbuilding]
Hyundai Mipo Dockyard is said to have signed a contract with Union Maritime of the UK for building up to four MR tankers worth $128m in total.  According to TradeWinds, Union Maritime placed an order for 2+2 50,000 dwt tankers at the Kore...
2017-05-29 07:04:40
MR tanker order spree expected [Shipbuilding]
As the exchange rate for dollars to won, which influences to a change in ship price, gets stronger, a Korea industry expert has recently analyzed that MR tanker price shows rebound trend.  Park Moo-Hyun, an analyst at Hana Financial Inves...
2017-05-29 07:03:47
Korea ranked No.1 in NB delivery [Market Information]
Newbuilding delivery of global shipbuilders during the first four months of 2017 totaled 556 vessels and 39.3m dwt (12.60m cgt), slightly up from the same period last year. However, the annual delivery in 2017 is expected to be 94.60m dwt, 6% les...
2017-05-26 17:34:15
China NB orders fall 52% Jan-Apr [Market Information]
Newbuilding orders awarded at Chinese shipbuilding industry in January - April 2017 fell by 52% year-on-year to 6.65m dwt. According to CANSI data, newbuilding delivery of Chinese shipyards during the four months period increased by 72% to 18....
2017-05-26 17:32:27
Korea leads new orders in Jan-Apr [Market Information]
Korean shipbuilders are booming in the newbuilding market early this year, with 4.6m dwt orders out of a combined 10.7m dwt awarded at Asian shipbuilders from January to April, 2017. Clarkson Research says through the latest report that the gl...
2017-05-26 17:29:52
Korean shipping companies seek Chinese yard [Market Information]
Of the 20 vessels ordered by Korean shipping companies this year, seven vessels are built domestically while the remaining 13 vessels are built at Chinese shipyards. The proportion of orders placed in the domestic market is 35%, much lower than t...
2017-05-26 17:27:20
HHI wins back 1st place in group orderbook [Market Information]
Global shipbuilders' orderbook totaled 3,290 vessels and 192.10m dwt (78.20m cgt) as of the end of April, 2017. The amount (in dwt terms) showed a 14% downturn against the beginning of the year, representing the lowest record since 2004 also. ...
2017-05-26 17:25:33
SHI carries out personnel change in executives [People]
Samsung Heavy Industries carried out personnel changes in executives on May 26.  A total of four executives have been promoted, with one senior executive vice president, one executive vice president and two executive directors. The l...
2017-05-26 10:54:07
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