Korea to see 'thick plate price war' [Equipment]
Regarding the price of thick plate, there is a great chasm between Korean steel manufacturers and shipbuilders. The former is insisting price rises in order to deal with an increase in iron ore, while the latter is on the side of price cutting ag...
2017-08-24 07:15:26
"Shipbuilding·shipping still on high bad loans" [Finance]
In the second quarter of this year, the ratio of bad loans in Korean banks stood at 1.25%, the lowest since late 2012 (1.33%). It was attributable to the fact that the restructuring of shipbuilding and shipping industry has been completed, and ba...
2017-08-24 07:14:48
“China lacks experience in dual-fuelled ship" [Shipbuilding]
Concerns are growing that Chinese shipbuilding industry will surpass Korean as Shanghai Waigaoqiao Shipbuilding (SWS) beat Hyundai Heavy Industries in ultra large containership competition last week. However, it has been pointed out that the cont...
2017-08-24 07:13:49
Official statement from STX on fatal accident [General]
Jang Yoon-geun, a representative director of STX Offshore & Shipbuilding (STX O&S) announced on August 21 night an official statement on recent fatal explosion, containing an apology to the bereaved and plans for a ‘company-wide safety ...
2017-08-24 07:13:26
NB orders show 76% yoy increase [Shipbuilding]
2017 newbuilding order intake of global shipbuilding industry through July is estimated to be 409 units at 31.4m dwt (11.3m cgt), showing 76% yoy increase in annualized basis.   According to Clarkson Research, annualized global tanker newb...
2017-08-24 07:12:28
“Reports on STX-Sungdong merger are groundless” [Shipbuilding]
Ministry of Strategy and Finance (MOSF) of Korea announced on August 23 that it is not pursuing a merger between STX Offshore & Shipbuilding (STX O&S) and Sungdong Shipbuilding & Marine Engineering.   A Korean media on the same...
2017-08-24 07:12:01
"SHI likely to win additional offshore plants in 2H" [Offshore]
A Korean industry expert has recently expected that Samsung Heavy Industries is highly likely to expand its order pool and continue a stable performance.  Kim Hong-Gyun, a researcher at Dongbu Securities of Korea, noted, "The share price ...
2017-08-24 07:11:33
KBR inks additional deal for Abu Dhabi projects [Offshore]
KBR, Inc. announced on August 21 that it has been awarded a Project Management Services (PMC) contract by OMV Offshore Abu Dhabi GmbH on behalf of Abu Dhabi National Oil Company (ADNOC) for management of the Front End Engineering Design (FEED) ph...
2017-08-23 07:21:56
Tsuneishi's ship recycling project receives green light [Shipbuilding]
ClassNK announced on August 21 that it has completed the document review for a Ship Recycling Facility Plan (SRFP) submitted by Tsuneishi Ship Recycling (Negros), Inc.　(TSRNI), verifying the facility to be in line with the Hong Kong Internation...
2017-08-23 07:21:33
MHI Vestas wins 252 MW Deutsche Bucht project [Offshore]
Firm and unconditional order announced, with MHI Vestas to supply 31 units of the V164-8.0 MW wind turbine for the 252 MW Deutsche Bucht (“DeBu”) project in Germany, underscoring the market’s continued confidence in the platform. MHI Ves...
2017-08-23 07:20:52
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