Shipbuilding & Repair

Korea’s Daewoo Shipbuilding and Marine Engineering Co said it has won an order worth US $344.7 million to build five oil tankers for Angola’s state-owned oil company.

South Korean yard Samho Shipbuilding has an order from Greek customer Strand Management SA for two bulk carriers of 32,000 dwt. They are scheduled t0 be delivered in April 2011 and June 2011.

South Korean yard Hyundai Heavy Industries, the world’s largest shipyard, said it has signed a US$1.4 billion deal to build offshore gas facilities in Myanmar.

The United Arab Shipping Company (UASC) said it has agreed loans of US$275 million to finance construction of the final three 13,100 TEU container ships in a series on order from South Korean yard Samsung Heavy Industries.

Wärtsilä’s two-stroke engines have been chosen for eight Chinese bulk carriers. The order was placed by Beijing-based Minsheng Financial Leasing Co. Ltd.

Sembcorp Marine said it has won several new contracts worth S$130 million (US$92.1 million) in total. Sembawang Shipyard, its subsidiary, has secured major longevity, upgrading and damage repair contracts.

German company ThyssenKrupp Mannex said it has an order to supply 15,000 tonnes of steel plate and profiles to be used for construction of 24 river freighters of 1,600 tonnes cargo capacity in Egypt.

U.S. customer Crowley has signed a contract with Bollinger Shipyards of the U.S. to build two newly designed ocean going tugboats, with options for additional vessels.

Nantong COSCO KHI Ship Engineering (NACKS) recently delivered its fifth 300,000-dwt very large ore carrier (VLOC) to compatriot COSCO (Hongkong) Group.

It is the fifth one in the series ordered by COSCO (Hongkong) Group from the end of 2008.

SINGAPORE-based shipowner and shipbuilder ASL Marine increased revenues 12% in the last six months of 2009, but its profits were cut in half due to a downturn in its ship-chartering operations, writes Martyn Wingrove.
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