Sungdong Shipbuilding & Marine Engineering, located at the base of the Korean peninsula, has grabbed an order for four 180,000 dwt capesizes from Brazilian mining giant Vale.

The deal is worth $250m and represents Sungdong’s first bulker orders
of the year.All the ships will be delivered by 2011. This latest order
follows on from a spate of Greek VLCC orders and brings the yard’s
backlog to 93 ships.

Source: SeaTradeAsia-Online

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• Sungdong scores big at Vale

    Sungdong Shipbuilding & Marine Engineering, located at the base of the Korean peninsula, has grabbed an order for four 180,000 dwt capesizes from Brazilian mining giant Vale. The deal is worth $250m and represents Sungdong’s first bulker orders of the year.All the ships will be delivered by 2011. This latest order follows

• Sungdong celebrates $ 200m Japanese bulker much

    Sungdong Shipbuilding and Marine Engineering is celebrating a $200m order from Japan for four bulk carriers.

• DSME wins VLOCs Orders

    Daewoo Shipbuilding & Marine Engineering has been linked to a quartet of 400,000 dwt VLOCs ordered by Brazil’s Vale. The ships are thought to be with a late 2011 delivery date. Vale is massively taking control of its supply chain with the dozen order of VLOCs in China,s Jiangsu Rongsheng as

• Sungdong Shipbuilding wins contract for 4 bulk carriers

    South Korea’s Sungdong Shipbuilding said Thursday that it successfully won a bid for four Kamsarmax-class (82,000 tons) bulk carriers from a European shipping company.

• S. Korea yards Winning Projects continues overseas

    Daewoo Shipbuilding and Marine Engineering (DSME), the world’s second-largest shipbuilder, and Sungdong Shipbuilding and Marine Engineering (SSME) have taken up over 50 percent of orders of the market since November 2009. Domestic ship builders are busy winning orders internationally amid sluggishness in shipbuilding

• Daewoo sets sail with a lot to build five ships to

    Korea’s shipbuilding industry got some rare good news yesterday as Daewoo Shipbuilding and Marine Engineering Co. said it won an order to build five oil tankers for Angola’s state-owned oil company

• Daewoo German ship could be up to $ 450 million

    South Korea’s Daewoo Shipbuilding & Marine Engineering, the world’s second-biggest shipbuilder, said on Friday the value of its latest ship order from Germany could rise to $450 million, including an option. Daewoo said on Thursday it had won a $300 million order from a unit of German utility firm RWE?

• STX Shipbuilding Offshore gets 2 big orders

    STX Offshore & Shipbuilding Co., Ltd. won new order for building two units of bulk carriers. The shipbuilder said December 21 that it received two orders of 37,000DWT bulk carrier from a ship owner, known to be from the Asian region.

• Indian shipbuilders relatively free of cancellation of orders

    Barring new entrant Pipavav Shipyard Ltd, India shipbuilders have been relatively free of the order cancellations and price renegotiations that global yards based in South Korea and China have been facing. This could be because of the genuine and non-speculative nature of orders that have come to Indian shipbuilders as

• Daewoo Shipbuilding to build $ 1-B drilling vessels for Petrobras

    Daewoo Shipbuilding & Marine Engineering Co.

• Danaos Corporation makes its 42nd Container Ship Vessel

     Danaos Corporation (NYSE: DAC) announced that on September 28, 2009, it took delivery of one more containership, the CMA CGM MOLIERE, expanding its operational fleet to a total of 42 containerships aggregating 172,433 TEU. The CMA CGM MOLIERE has a carrying capacity of 6,500 TEU, built at Sungdong Shipbuilding &

• Japanese Ship Orders Valley for 14 Months

    Japanese export ship orders sank for the 14th consecutive month in November on a year-on-year basis, tumbling 23.5 percent to 404,190 gross tons, according to figures released by the Japan Ship Exporters’ Association on Tuesday.

• Sungdong postpones planned VLCC dock

     South Korean yard Sungdong Shipbuilding & Marine Engineering is postponing the construction of a VLCC dock, measuring 545 meters in length and 126 meters in breadth, which was meant to be up and running by the end of 2010. The four skidways the company currently operates are unable to accommodate VLCC construction

• Boxship cancellations affected 6.7% of order book

    Cancellations of containership orders have reached 140 ships for 436,000 teu since the start of the financial crisis in September 2008, according to Alphaliner records. The level of cancellations is lower than the ones observed in the bulk carrier and tanker segments and it represents 6.7% of the 6.51 million

• Shipbuilding industry to the brink of closure because of the sharpest-ever collapse of orders

    The shipbuilding industry looks set for a rash of insolvencies as one of the sharpest-ever collapses in order levels combines with banks’ reluctance to finance ship construction to starve many yards of cash. Only 28.8m deadweight tonnes (dwt) of ships were ordered between January and November in 2009, according to