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[l] at 1/19/22 3:00am
The Nippon Foundation, Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries Group, and Shin Nihonkai Ferry Co., Ltd., (Osaka, Japan; Yasuo Iritani, Chairman) have successfully completed a demonstration test of the worlds first fully autonomous ship navigation systems on a large car ferry, conducted on the Iyonada Sea from Shinmoji, Kitakyushuu City, on ... The post MHI: Successful Demonstration Test of World’s First Fully Autonomous Ship Navigation Systems on Coastal Ferry in Northern Kyushu first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 1/18/22 3:00pm
Chinese shipyards topped the three major metrics used by the global shipbuilding industry in 2021, with the highest number of completed orders, new orders and orders on hand, marking a strong start to the first year of the 14th Five-Year Plan (2021-25), the China Association of the National Shipbuilding Industry (CANSI) said on Sunday. Chinese ... The post China tops three major shipbuilding metrics in 2021: association first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/18/22 3:00pm
Hyundai Heavy Industries’ failed acquisition of its smaller rival Daewoo Shipbuilding Marine Engineering may be a boon for the nation’s largest shipbuilder as it has secured abundant cash to focus on new growth engine businesses such as hydrogen, autonomous driving and robots. Last week, the European Commission disapproved the merger plan of the two ... The post After failed merger, Hyundai Heavy secures cash to nurture new growth engines first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 1/18/22 3:00pm
GTT announces that it has received, at the end of 2021, two orders, each for the tank design of one new LNGC. The first LNGC will be built by the Korean shipyard Hyundai Samho Heavy Industries. This order concerns a vessel which will offer a total cargo capacity of 174,000 m3 and will be fitted ... The post GTT Receives Two Orders For The Tank Design Of New Lng Carriers first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 1/18/22 3:00am
Daewoo Shipbuilding Marine Engineering is in search of a new owner again after a merger plan with its larger rival Hyundai Heavy Industries failed due to an EU veto on monopoly concerns. The European Commission announced Thursday its prohibition for the merger, claiming that the deal could reduce competition in the global LNG carrier ... The post DSME in search for new owner as tie-up with Hyundai Heavy fails first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/17/22 3:00pm
The European Union (EU) refused to endorse the combination of Korea Shipbuilding Offshore Engineering (KSOE) and Daewoo Shipbuilding Marine Engineering (DSME) on Jan. 13, expressing its concern that the merged company would monopolize the LNG carrier market. The EU said the marriage of KSOE and DSME threatens its energy security. It believes that ... The post EU Cites Energy Security as Reason for Opposition to KSOE-DSME Merger first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/17/22 3:00pm
DSME’s financial structure remains uncertain following the cancellation of its acquisition by HHI Group. As the planned merger between Hyundai Heavy Industries Group (HHI Group) and Daewoo Shipbuilding Marine Engineering (DSME) has been canceled, DSME’s financial structure remains uncertain. DSME is presumed to have suffered a net loss of 1.3 trillion won in 2021. ... The post DSME’s Financial Future Uncertain first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/17/22 3:00am
The South Korean government said Thursday that a decision by the European Union to block the merger between the two local shipbuilders – Hyundai Heavy Industries and Daewoo Shipbuilding Marine Engineering – may have a limited impact, citing a recovery in global ship orders. “The industry is seeing much better conditions than in 2019 ... The post Gov’t plays down EU decision to block Korean shipbuilders’ merger first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/16/22 3:00pm
Europes rejection of Hyundai Heavy Industries acquisition of Daewoo Shipbuilding Marine Engineering has scuppered what would have been a major step toward consolidation in an industry where excessive competition weighs heavily on profits. The European Commission on Thursday vetoed the deal between the worlds second- and fourth-largest shipbuilders, on the grounds that the South ... The post Blocked Hyundai-Daewoo merger leaves shipbuilders at sea first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/16/22 3:00pm
Hyundai Heavy Industries proposed takeover of rival Daewoo Shipbuilding Marine Engineering Co Ltd to create the worlds biggest shipbuilder was hit with an EU veto on Thursday on concerns that the deal would hurt competition. Hyundai, one of the largest shipbuilders in the world, announced the deal in 2019 in part to tackle overcapacity ... The post Hyundai says may challenge EU veto against Daewoo deal first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/14/22 3:00pm
Korea Shipbuilding Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in supplying a fuel touted by supporters as offering a major source of clean energy. The development by KSOE 009540.KS, the shipbuilding arm of Hyundai Heavy Industries Group 267250.KS, one of ... The post Technology to ship hydrogen ready by 2025, Hyundai Heavy unit says first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 1/14/22 3:00pm
DMC is supplying plug-and-play steering gear to Thecla Bodewes Shipyards for the four new coasters RICK VAN DE WEG3 MIN Damen Marine Components (DMC) has been awarded the contract for Optima nozzles, plug play Piston-type steering gear and TIMON flap rudders for four coasters being built by Thecla Bodewes Shipyards (TB Shipyards). What is ... The post Damen Marine Components: plug-and-play steering gear for new coasters Thecla Bodewes Shipyards first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News]

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[l] at 1/14/22 3:00pm
Eighteen months have passed since local residents and K’ómoks First Nation (KFN) first raised concerns regarding scrapping operations at Union Bay, traditional unceded territory of First Nations within Baynes Sound, British Columbia, Canada. Now, the NGO Shipbreaking Platform joins them in calling on federal, provincial and regional authorities to make sure that the activities carried ... The post NGOs join local residents and First Nations in fight against toxic shipbreaking in British Columbia first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News]

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[l] at 1/14/22 3:00am
The Commission has adopted a decision prohibiting a merger that would combine two leading global shipbuilding companies. The merger concerns the acquisition by Hyundai Heavy Industries Holding of Daewoo Shipbuilding and Marine Engineering. They are both very strong players in the market for the construction of large vessels transporting liquefied natural gas – so-called LNG. ... The post Remarks by Executive Vice-President Vestager on the Commission decision to prohibit the proposed acquisition of Daewoo Shipbuilding & Marine Engineering by Hyundai Heavy Industries Holdings first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/14/22 3:00am
A consortium consisting of Marubeni Corporation (hereinafter, Marubeni), Tryangle Inc. (hereinafter, Tryangle), Mitsui ES Shipbuilding Co., Ltd. (hereinafter, Mitsui ES Shipbuilding), and the City of Yokosuka applied to and secured a place in the Joint Technological Development Programme for the Demonstration of Unmanned Ships led by The Nippon Foundation in February 2020, and have conducted ... The post Mitsui E&S Announces Completion of a Joint Technological Development Programme for the Demonstration of Unmanned Ships first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 1/13/22 3:00pm
The European Union on Thursday blocked the merger of South Korean shipbuilding giants Daewoo and Hyundai over concerns about restricting supplies of large liquified natural gas (LNG) carriers. The 27-nation bloc saw a potential security threat in restricting manufacturers. What has the EU said? EU Competition Commissioner Margrethe Vestager said, We prohibited the merger. The ... The post EU blocks merger of Daewoo and Hyundai first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 1/13/22 7:00am
An 85,600-tonne super large bulk carrier ship independently developed and built by China was delivered in Guangzhou City of south Chinas Guangdong Province on Monday. The carrier, 228.9 meters long and 36 meters wide, is suitable for the shipping of cargo such as coal, ore, grain and cement. It is expected to become the main ... The post China’s self-developed super large bulk carrier ship delivered first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/13/22 3:00am
The EU antitrust authority will block the merger of South Korean ship-making giants Daewoo and Hyundai over concerns that the deal may restrict the supply of cargo vessels, sources said Tuesday. The veto of the tie up comes two years after Brussels stopped Indias Tata Steel and Germanys Thyssenkrupp from merging, and three years after ... The post EU to block South Korean shipping mega-merger: sources first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/12/22 11:00am
GTT announces that it has received, at the end of December 2021, an order from its partner the Korean shipyard Hyundai Samho Heavy Industries for the tank design of a new LNGC (Liquefied Natural Gas Carrier). As part of this order, GTT will design the tanks of the 174,000 m3 LNGC. The LNGC tanks will ... The post GTT entrusted by Hyundai Samho Heavy Industries with the tank design of a new LNG Carrier first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 1/12/22 3:00am
Cut target price to KRW125,000; Maintain BUY We cut our 12m TP for KSOE by 7.4%, from KRW135,000 to KRW125,000 (based on 12m fwd BVPS and 0.95x target P/B), in light of the likely earnings shock in 4Q21, a decrease in shareholders’ equity (change to 12m fwd period), changes to 1y MSB yield (risk-free rate) ... The post KSOE: 4Q21 Earnings Shock Likely on Lawsuit-Related Loss first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

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[l] at 1/11/22 3:00am
In December 2021, the Supreme Court ruled in favor of workers at Hyundai Heavy Industries Group in a lawsuit over ordinary wage. Shipbuilders are expected to have set aside provisions in 4Q21 — an estimated KRW400bn at Korea Shipbuilding Offshore Engineering, KRW300bn at Hyundai Heavy Industries, and KRW100bn at Hyundai Mipo Dockyard. We believe ... The post Shipbuilding: Uncertainties Already Factored in, Focus on Order Intake first appeared on Hellenic Shipping News Worldwide.

[Category: Shipbuilding News, Πρώτη σελιδα]

As of 1/19/22 9:47am. Last new 1/19/22 5:13am.

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