Japanese shipyards received in October foreign orders for 44 vessels totaling 1,583,880 gt, the Japan Ship Exporters' Association reported. The tonnage jumped 728.4 percent compared to orders received a year earlier, a spokesperson said. Thirty-five orders were for bulk carriers, seven for freighters and two for oil tankers. The statistics cover orders received by association members for steel vessels of 500 gt or more. In September, foreign ship orders rose 175 percent year on year.
Daewoo Shipbuilding and Marine Engineering Co. said on won a $592.3m container ship order from an Asian shipper. The vessel will be delivered to the company by the end of July 2011, Daewoo said in a filing with the Korea Exchange. Source: Reuters
Beleagured Daewoo Heavy Industries won $230 million in ship orders from Companies in Hong Kong and Europe. Daewoo reported earned an order to build a bulk carrier from Hong Kong's Tai Chong Cheang Co. Ltd. and two bulk carriers from Oak Maritime Inc. Norway's Bergesen d.y. Group ASA is reported to have given Daewoo an order for one mineral carrier and Belgium's Bocimar N.V. an order for two bulk carriers. The orders tallied at $120 million
South Korea's STX Shipbuilding Co. (067250.SE) said Wednesday that it received a $266.7M order to build six petrochemical product carriers. An STX spokesman said the South Korean shipbuilder won the order from a Hong Kong-based company, but declined to identify the company. STX will deliver the tankers - which will have the capacity to load 51,000 tons of petrochemical products - by Sept. 2009, the company said.
Great Eastern Shipping Company (GE Shipping) has ordered two new building Long Range One (LR1) product tankers from STX Shipbuilding Company, Korea. The vessels, of around 74,500 dwt each, are due for delivery during Q3 FY 2008-09. With this order, the company`s new building orderbook stands at 9 tankers (4 LR1 product tankers and 5 MR product tankers) with an aggregate dwt of 0.52 Mn and 5 OSVs (4 AHTSVs and 1 PSV). Source: IRIS
According to a Feb. 26 report from Reuters, South Korea's STX Group, which runs the world's No. 4 shipbuilder and No. 5 dry bulk carrier, said new ship orders could resume in the second half when financing difficulties ease. Its shipmaking arm, STX Shipbuilding, is aiming to boost new orders for offshore vessels and plants by 80 percent this year to $1.8b, Vice Chairman Lee Jong-chul told reporters. (Source: Reuters)
Cruise ship berth supply will reportedly exceed demand growth if new orders continue at their current level, according to shipping analysts.
Kone received an order from Celebrity Cruises to design, supply and install lifts for three passenger cruise ships. Kone is to supply a total of 69 units including passenger elevators, service elevators and dumbwaiters. The ships will be built at Germany’s Meyer Werft. The first ship is expected to be ready by October 2008, and the last by June 2010. (Source: http://newsroom.finland.fi)
Heavy Industries Co, has secured an order worth $1.36b from an unnamed European shipowner to build eight container ships. The company said in a regulatory filing that it plans to deliver the vessels by April 2012. The contract value is equivalent to 10.2 percent of total revenue it earned in 2006. Source: Reuters
According to a report from Emirates Business 24/7, existing new-build programs in the tanker sector of the shipping industry are expected to go ahead with no fear of cancellations despite the current slowdown in the industry's performance, said a senior executive. While ship orders in other sectors have suffered from unprecedented cancellations due to financial constraints, the relatively stronger position of the tanker sector has helped to prevent a similar trend.
Reuters – Overcapacity threatens to derail a fragile recovery in the global shipping sector as ship owners and investors place orders for new vessels betting on better times, according to a recent survey. Ship owners ordered large numbers of vessels between 2007 and 2009
The launching ceremony of the final ship in a series of four LNG carriers built at STX Offshore and Shipbuilding Co., Ltd. was held in South Korea on February 11, 2014. The LNG carrier SCF Mitre will be assigned the RS class notation: KM Ice2 AUT1 OMBO EPP ANTI-ICE LI CCO ECO-S
The nation’s major shipbuilders are expected to undergo a mild recovery on the back of a pickup in demand for commercial vessels and liquefied natural gas (LNG) carriers, reports 'The Korea Times' as informed by experts and analysts. The analysts forecasted that the nation’s leading
In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg. The government will grant 1,500 yuan ($247) per gross ton for shipping companies to replace obsolete ships
ABB, the leading power and automation technology group, won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems for six new cruise liners that include its latest-generation Azipod XO units. The orders make 2013 the best-ever year for ABB in cruise
Pod propulsion system Azipod® was the propulsion system of choice for 6 new cruise liners in 2013, say manufacturers, ABB. The company won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems for six new cruise liners that include its
Damen Shipyards Galati has handed over the third Platform Supply Vessel in a series of six to World Wide Supply of Norway. This six-ship order heralds a new era in offshore construction for Damen Shipyards Group. World Pearl is built to Damen’s entirely new PSV 3300 design
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) said it has received an order to build two DSME e-Smart drillships for a combined $1.24 billion. Under its current schedule, Daewoo Shipbuilding is slated to deliver both vessels to its African customer by the end
"Russia is and will remain an essential market for us", stated Vitaly Yusufov, owner and Managing Director of Nordic Yards. "Since their foundation our shipyards in Wismar and Warnemünde have built 400 vessels for the Russian market alone
MAN Diesel & Turbo has won the order from Meyer Werft for new cruise vessels for Norwegian Cruise Line to supply its V48/60CR engines with diesel-electric propulsion systems. The ships will be built at Meyer Werft, the cruise liner specialist builder in Papenburg, northern Germany
Clarkson Hellas S+P Weekly bulletin reports a relatively active week of newbuildings, with a notable number of new orders, although none in the tankship market. Dry bulk carrier sector: In particular this week Clarkson Hellas has seen further ordering in the mid‐sized dry sector and very much
On Jully 24, specialist boatbuilder Strategic Marine launched the Jati Six crew transfer vessel for Malaysian client Dinasti Jati Sdn Bhd. The vessel is part of a multi-ship order. The superstructure was built at Strategic's other shipyard in Vietnam then shipped to their Singapore yard for
Singapore's Keppel Corp Ltd and Sembcorp Marine Ltd, the world's top offshore rig-makers, stand to be among the winners through Beijing's moves to tighten credit amid a downturn at China's shipyards, reports Reuters. The two companies have been under mounting pressure from Chinese yards
The new ship will be named 'Seven Seas Explorer' and is to be built in Sestri Ponente (Genoa) shipyard with delivery scheduled for summer 2016. The contract for the 54,000 gross tonnes and 223 metres in length cruise ship with accommodation for 738 passengers
The flood of interest in ordering new container vessels is motivated by other factors than supply and demand. The recent surge in new vessel orders at a time of industry-wide overcapacity suggests that market fundamentals are no longer the main driver (see figure)