Wednesday, November 16, 2011

South Korea Pushes Into Cruise Ship Market

South Korea has been trying for years to boost its tourism industry as part of its effort to strengthen the domestic economy. On Wednesday, it unveiled its

November 16, 2011
Total Views: 30

Thursday, November 3, 2011
Engineering News

Sembcorp Marine – Future Looks Strong in Deep and Ultra-Deepwater Segments

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday that its third-quarter net profit fell 25% from a year earlier due to weaker margins

November 3, 2011
Total Views: 5

Wednesday, October 26, 2011
Discoverer Enterprise dual activity drillship
Engineering News

Daewoo Shipbuilding Blazes Past $12 Billion in Sales for 2011

One of the world’s most prolific shipbuilders, Daewoo Shipbuilding and Marine Engineering (DSME), located in Okpo, Korea, hit their sales target for this

October 26, 2011
Total Views: 11

Sunday, October 23, 2011
STX Group Shipbuilding Tanker Shipyard
Engineering News

STX Group Selling Overseas Assets to Withstand Worsening Market Conditions

SEOUL (Dow Jones)–South Korean shipping-to-shipbuilding conglomerate STX Group said Sunday it won’t seek large-scale merger and acquisition bids

October 23, 2011
Total Views: 10

Friday, October 21, 2011
Keppel Corp Shipbuilding
Engineering News

Record Year So Far for Keppel Corp: Shipbuilding Orders Are Up

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its third-quarter net profit rose 33.3% from a year earlier, beating analysts’

October 21, 2011
Total Views: 3

Monday, October 17, 2011

A Canadian Shipbuilding Revolution: $35 Billion Announcement Pending

Contracts will soon be awarded to Canadian shipyards for an aggressive $35-billion shipbuilding project, the largest military procurement in modern Canadian

October 17, 2011
Total Views: 7

Engineering News

Daewoo Shipbuilding Exceeds Yearly Order Target by $1B

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has exceeded its annual order target of $11 billion by 9%,

October 17, 2011
Total Views: 6

Tuesday, August 30, 2011
Lamprell jackup rigs shipyard
Engineering News

Lamprell CEO expects newbuild orders to increase in 2011 [INTERVIEW]

LONDON (Dow Jones)–United Arab Emirates-based oil rig engineer Lamprell PLC (LAM.LN) expects earnings in the second-half of the year to improve on

August 30, 2011
Total Views: 2

Monday, August 29, 2011

Daewoo Shipbuilding CEO: $1.2B order for Indonesian submarines likely

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) expects Indonesia to name the company as the preferred bidder for the

August 29, 2011
Total Views: 0

Friday, August 19, 2011
DSME Daewoo shipbuilding stock chart
Engineering News

Daewoo Shipbuilding drops almost 14%, Korean market takes heavy losses

Image courtesy Reuters HONG KONG (MarketWatch)–The South Korean market led the way for hefty stock losses in Asia Friday, as risk appetite evaporated on

August 19, 2011
Total Views: 1

Friday, August 12, 2011
Engineering News

Largest US military shipbuilder reports 2Q profit

(Dow Jones) Huntington Ingalls Industries Inc. (HII) swung to a smaller-than-expected second-quarter profit as lower volume hurt sales. The country’s

August 12, 2011
Total Views: 18

Wednesday, August 10, 2011
hyundai merchant marine
Engineering News

Hyundai Merchant Marine to buy 5 container ships worth $643M

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s No. 2 shipping company by revenue, said Wednesday it will invest KRW695

August 10, 2011
Total Views: 1

Thursday, August 4, 2011
sbm offshore fpso conversion
Engineering News

Keppel wins FPSO conversion contract from SBM Offshore

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its unit has secured two contracts worth a total of S$146 million. As part of the first

August 4, 2011
Total Views: 6

Wednesday, August 3, 2011

Marine Air Bags? A Most Unusual Way To Launch A Ship

  To learn more about marine airbags and their use for moving and launching large ships, we reached out to Song Tao of Qingdao Evergreen Shipping Supplies

August 3, 2011
Total Views: 563

Tuesday, August 2, 2011
Engineering News

Sembcorp: “The fundamentals driving the offshore oil industry remain intact”

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Tuesday its second-quarter net profit fell 15% from a year earlier because of a sharp

August 2, 2011
Total Views: 2

Sunday, July 31, 2011
Gerald R Ford aircraft carrier

Huntington Ingalls Awarded $504 Million Aircraft Carrier Contract Modification

Out of the ashes of the once financially troubled Northrop Grumman Shipbuilding, Huntington Ingalls Industries charges ahead with the award of a $504M contract

July 31, 2011
Total Views: 8

Thursday, July 28, 2011
DSME daewoo shipbuilding marine engineering
Engineering News

Daewoo Shipbuilding 2Q Net Down 3.6% On FX Losses, Operating Profit Surges

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its

July 28, 2011
Total Views: 1

Thursday, July 21, 2011
keppel corporation
Engineering News

Keppel Corp 2Q Net Up 9.3%; Secures Record Rig Orders

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) Thursday reported better-than-expected growth in second-quarter net profit after profit contributions

July 21, 2011
Total Views: 0

hyundai steel
Engineering News

Hyundai Steel Expects Shipbuilding Plate Supply Deals With Japan In 2H

SEOUL (Dow Jones)–Hyundai Steel Co. (004020.SE), South Korea’s second-largest steelmaker by sales, said Thursday that it expects to win orders in

July 21, 2011
Total Views: 25

Wednesday, July 20, 2011
Hyundai Heavy Industries shipyard
Engineering News

Hyundai Heavy 2Q Net Down 17% On Year At KRW538.8 Bln

Image (c) Hyundai Heavy Industries SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by orders, said

July 20, 2011
Total Views: 3