Month: January 2006

STX Group, one of Korea?s rapidly growing conglomerates, aims to achieve 15 trillion won in total annual sales by 2010. The group announced yesterday it is on track to achieve its ambitious…

Fast expanding Gulf Energy Maritime (GEM) has ordered four high spec double hulled handymax 47,000 dwt chemical/product tankers at Hyundai Mipo Dockyard at a cost of $180 million. The four tankers are…

Norwegian coating manufacturer, the Jotun Group, will spend $37 million building a wholly-owned factory in Zhangjiagang in a bid to meet the rapidly-growing demand in China. The new factory, with a capacity…

In order to increase production, Daewoo will be introducing new equipment this year including a 3,600-tonne sea crane which will be operational in April. A floating dock will also be completed soon…

VT Halter Marine will be building a fourth fisheries survey vessel for the National Oceanic and Atmospheric Administration. Construction on the estimated $30 million vessel is expected to begin in late May…

Keppel Corp, the world's largest maker of shallow-water oil rigs, is among six groups that have bid for contracts to build $1.3 billion of oil and gas tankers for Petroleo Brasileiro SA,…

Unithai Shipyard and Schelde Naval Shipbuilding have been awarded a contract by the Royal Thai Navy to build a 66-metre multipurpose vessel for conducting hydrographic surveys and mine countermeasures, the first of…

SPP Shipbuilding (formerly Dong Yang Shipbuilding) will build a newbuilding facility at Sacheon city, nearby Jinhae where STX Shipbuilding is located. In the first stage, the shipbuilder will invest W 120 billion…

The China Shipbuilding Industry Corp. (CSIC), one of the two largest shipbuilding groups in China, built 3.17 million tonnes of new ships in 2005, up 47%.In 2005, the CSIC received 3.73 million…

SembCorp Marine is pumping 225 million Yuan or $27.5 million over two years to grow its ship repair and ship conversion business in China. It is investing the money into Cosco Shipyard…