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
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)
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 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.
Cruise ship berth supply will reportedly exceed demand growth if new orders continue at their current level, according to shipping analysts.
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
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)
Hyundai Heavy Industries Group reports $240 million order for the world’s first liquefied natural gas (LNG) fueled aframax tankers Hyundai Heavy Industries’ shipbuilding affiliate Hyundai Samho Heavy Industries (HSHI) said it recently won a $240 million order to build four 114
In 2017, leveraging its global presence, dynamism, capacity of adaptation and innovation, and strategic actions implemented in 2016, CMA CGM should benefit from the sector’s improving environment, initiated in the 4th quarter of 2016.
After a long cycle of build-up in capacity in the 2000s, shipyards hit a new peak in global output in 2010, says a report by Clarksons Research. Since then, the impact of reduced vessel ordering on shipbuilders worldwide has been a key issue for the industry
Five minutes with Tan Sri Kt Lim, Chairman, Genting Hong Kong Last year Genting Hong Kong acquired shipbuilding capacity in Germany. When and why was the decision made to become a shipbuilder? With the rapid growth of the world cruise industry, especially in China
Brazilian shipbuilder ETP Engenharia in Rio de Janeiro has delivered the final six vessels of a 12-ship order for Baru Offshore. The six newest 48-meter DNV Classed DP-1 vessels – Baru Serrana, Baru Tesoro, Baru Sinu, Baru Sirius
Maritime Reporter & Engineering News recently visited Finnish shipbuilding giant Meyer Turku, whose sights are set on building bigger. It is safe to say that when shipbuilding commenced in the town of Turku, Finland in 1737, the company building wooden boats at the time could not have
GTT said it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two new LNG carriers scheduled for delivery in 2019. The vessels will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company
Miami-based cruise line operator Royal Caribbean Cruises Ltd. and Meyer Turku shipyard signed a memorandum of agreement for two next generation cruise ship orders to be delivered in 2022 and 2024. The around 200,000 gross ton large cruise ships under the project name “Icon” will
For Captain Dick S. Danielsen, the childhood dream has been to sail the world's biggest ships. The Danish seaman got his chance three years ago when he was asked to helm the Majestic Maersk, a mammoth, baby blue-painted vessel that at 400 meters (1
During the summer, the cruise ship fleet surged past half a million berths of total capacity. The cruise industry is continuing to expand its horizons, and has seen strong newbuilding investment this year, says Clarksons Research.
In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson. Cruise lines have continued to expand their fleets, with new markets such as China in their sights
New ship orders placed at Japanese yards fell by 80% during H1 2016 compared to H1 2015, according to data from the Japan Ship Exporters' Association (JSEA). According to ALIBRA Weekly Market Report , this is the worst decline since the autumn of 2008 in terms of gross tonnage
Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says. The orders have been placed by the Islamic Republic of Iran Shipping Lines (IRISL) and
The 'Big Three'—Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries—hold $42.1 billion in loans between them. The firms closed out 2015 with combined losses of more than $6 billion, their earnings reports revealed.
Beleaguered South Korean shipbuilders's total liabilities as of the end of last year for their 34 overseas affiliated companies have reached 5.3584 trillion won (US$4.65 billion), up 28.7% compared to five years ago, reports BusinessKorea.