Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding arm of Hyundai Heavy Industries Group, has won an order for two super-large crude carriers. KSOE announced on Nov. 9 that it recently signed a contract with a European shipping company to build two 300,000-ton very large crude...
https://www.hellenicshippingnews.com/ksoe-clinches-200-bil-won-order-for-two-crude-carriers/
Norwegian-based shipbuilder Vard has been installing Pipeotech’s DeltaV-Seal in its vessels since 2016 and the cost-saving benefits have been very clear to Johny Morland, Principal Engineer, QA and Standardisation at the Fincantieri-owned company. Vard is known for building specialised,...
https://www.hellenicshippingnews.com/vard-finds-the-perfect-fit/
Medium-sized shipbuilders under creditor-led restructuring processes are put up for sale. Medium-sized shipbuilders under creditor-led restructuring processes are put up for sale. They include Hanjin Heavy Industries & Construction, STX Offshore & Shipbuilding and Dae Sun Shipbuilding and Engineering. However, it remains to be seen whether these shipbuilders can be sold within the year in …
The post Medium-Sized Korean Shipbuilders Put Up for Sale first appeared on Hellenic Shipping News...
https://www.hellenicshippingnews.com/medium-sized-korean-shipbuilders-put-up-for-sale/
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries, Ltd. (MHI) Group, has completed installation of the first unit of an LNG (liquefied natural gas) fuel gas supply system (FGSS) for marine dual fuel engines, delivered in November last year, on the pure car carrier (PCC) built by Shin Kurushima Toyohashi Shipbuilding Co., Ltd. …
The post First Japan-built LNG-fueled PCC with FGSS Supplied by Mitsubishi Shipbuilding Has Entered Service first appeared on Hellenic Shipping...
Yangzijiang Shipbuilding has reported earnings of RMB585.2 million for 3QFY20, down 17% y-o-y, as its bottom line was hit by forex losses and impairment. Revenue in the same period was RMB3.58 billion, down 34% y-o-y, due to lower trading volume. During the quarter, the company booked forex losses...
https://www.hellenicshippingnews.com/yangzijiang-3q-earnings-down-17-y-o-y-to-rmb585-2-mil/
3Q20OP misses consensus by 27.6% at KRW40.7bn (-56% QoQ) Korea Shipbuilding & Offshore Engineering posted operating profit of KRW40.7bn (-56.2% QoQ) on sales of KRW3.5tr (-11.9% QoQ) for 3Q20, missing the consensus estimate of KRW56.2bn by 27.6%. Sales fell on a QoQ basis due to; 1) the decline in...
Korean shipbuilders’ order intake almost halved this year compared with a year ago due to a sharp drop in international oil prices and the COVID-19 pandemic. In particular, demand for LNG carriers, a major cash cow item for Korean shipbuilders, also plunged. As of the end of October 2020, Korean...
https://www.hellenicshippingnews.com/korean-shipbuilders-suffer-big-drop-in-order-intake/
American-owned shipbuilder Advanced Catamaran Composites (ACC) Inc. is investing in the expanding West Cebu Industrial Park (WCIP), cementing Cebu’s claim as the shipbuilding capital of the Philippines having three shipbuilder locators to date. Eduardo Aboitiz, Vice President for Business Development of the Aboitiz Integrated Economic Centers, said Advanced Catamaran Composites will start operation in the …
The post Cebu attracts 3rd shipbuilder first appeared on Hellenic Shipping News Worldwide.
https://www.hellenicshippingnews.com/cebu-attracts-3rd-shipbuilder/
On the 2rd of November, Damen Shipyards signed a contract with the Dutch ferry joint venture Aqualiner-Swets for a total of nine passenger vessels. With these vessels, the joint venture will provide the public transportation service between Rotterdam and the Drecht cities on behalf of the Province...
https://www.hellenicshippingnews.com/damen-signs-with-aqualiner-swets-in-nine-vessel-order/
3Q OP of KRW28.8bn (+136.1% QoQ) beats consensus by 46.4% Hyundai Mipo Dockyard posted 3Q20 operating profit of KRW28.8bn (+136.1% QoQ) on sales of KRW631.8bn (-12.8% QoQ), topping the consensus estimate of KRW15.4bn by 46.4%. Sales were sluggish due to: 1) 2.6% QoQ decline in the average USD/KRW...