SHI considers buying DSME [General]
Samsung Heavy Industries (SHI) announced on January 31 that the Korean shipbuilding heavyweight looks favorably on an offer it had from Korea Development Bank (KDB) regarding the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME)....
2019-02-07 08:24:31
HHI eyeing HHIC Subic too? [General]
Sources reported that Hyundai Heavy Industries (HHI) is one of the potential buyers interested in HHIC-Phil, or, Subic Shipyard. On February 6, local media at the Philippines cited the Secretary of National Defense of the Philippines Delfin Lo...
2019-02-07 08:23:26
2018 global NB orderbook sees 4.6% downturn [Market Information]
Global newbuilding orderbook stood at 3,118 units, 207.8m dwt (79.9m cgt) as of the end of December last year, showing a decrease of 4.6% against a year ago in dwt terms. As of the end of December in 2018, according to Clarkson Research, the b...
2019-02-01 15:06:30
Korea may see a slightly lower orders [Market Information]
A report predicted that 2019’s global newbuilding order would shrink slightly, while the overall recovery continues. The Overseas Economic Research Institute at the Export-Import Bank of Korea (KEXIM) predicted a 2.1% yoy degrowth in global ...
2019-02-01 15:06:12
"Korea & LNG were conspicuous in 2018" [Market Information]
Clarkson Research Services has recently released an analysis report that notes gas energy and Korean shipbuilding industry were conspicuous in 2018.   According to the report, the number of LNG carriers ordered last 2018 is 76, up sh...
2019-02-01 15:05:50
CANSI encourages efforts for LNGC [Market Information]
Vessels of a combined 34.58m dwt were delivered from Chinese shipyards in full year 2018, representing a 14% year-on-year decrease, the China Association of the National Shipbuilding Industry (CANSI) announced on January 25.  However, Chi...
2019-02-01 15:05:33
2018 NB orders see 14% y-o-y decline [Market Information]
It turned out that, in full year 2018, 1,017 vessels of combined 76.6m dwt and 28.6m cgt were contracted, representing a 14% year-on-year decline in dwt terms. In cgt terms, however, the contracting saw a slight upturn, due in part to increased&n...
2019-02-01 15:05:09
HHI to seek physical division for the new joint company [Shipbuilding]
HHI announced on January 31 that the new joint company with KDB would take a physical division from the original corporate body. The split joint company stays in the stock market, while the corporate body, which will be named as Hyundai Heavy ...
2019-02-01 14:10:56
DSIC Offshore facing restructuring [Offshore]
DSIC Offshore, an offshore yard under CSIC-affiliated Dalian Shipbuilding Industry (DSIC), is going into restructuring as the local court decided due to unpaid debts. The debts reached around $500m at the end of 2018. It is understood that DSI...
2019-02-01 12:24:41
SHI got LOI for canceled ships [Shipbuilding]
Samsung Heavy Industries (SHI) announced on January 31 that the company canceled a contract for three merchant ships it had been awarded from a North American owner back in last July. The company added that a new LOI is already secured for the th...
2019-02-01 12:18:50
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