Search results for: CGT

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  • 20 February 2015

    Korean yards have reclaimed the first place in global ship deliveries from their Chinese counterparts as they accounted for over a fourth of ships delivered on global scale in 2014. Korean shipbuilders had the largest share in Compensated Gross Tonnage (CGT) delivery scheme in 2014 with a 35% share of the 35.0m CGT reported delivered, Clarksons’ data […]

  • 17 July 2012

    Rongsheng Heavy Industries, China’s largest private-owned shipyard, has for the first time secured its place among the Top 5 shipyards based on their newbuilding order books on the global level, Asiasis daily news informs. The Clarkson Research company’s report, encompassing newbuilding orders, ranked among the first five the following companies: Samsung Heavy Industries’ Geoje shipyard […]

  • 19 June 2014

    GCT Global Container Terminals Inc. (GCT) celebrated the grand opening of its newly expanded, semi-automated facility in Bayonne, New Jersey on June 18th, which is expected to become the most productive marine terminal on the US East Coast once complete this summer. The opening ceremony follows the first successful commercial lift handled at the facility […]

  • 23 January 2017
    Business & Finance

    The previous year was very weak for newbuild ordering as contracting activity fell to its lowest level in over 30 years in numerical and tonnage terms, according to Clarkson Research. Low levels of newbuild demand have continued to limit ordering across the majority of vessel sectors, and the majority of shipyards have struggled to win orders. […]

  • 13 September 2016
    Business & Finance

    Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to BIMCO. After a decline from 2010 to 2012, shipbuilding had a rebound in 2013 and was expected to level […]

  • 16 December 2014

    Dominion agreed to buy Carolina Gas Transmission from Scana Corporation for approximately $492.9 million.

  • 19 March 2015
    Business & Finance

    South Korean shipbuilders remain on top in terms of global shipbuilding orders, based on Clarkson’s research statistics for February 2015. The global top five orderbook ranking is lead by Korea’s Daewoo Shipbuilding and Marine Engineering’s Okpo Shipyard (7.957 million CGT), Hyundai Heavy Industries’ Ulsan shipyard (5.026 million CGT),  Samsung Heavy Industries’ Geoje Shipyard (4.866 million CGT), […]

  • 23 March 2012

    Shipyards’ order cover continues to decline as more tonnage is being delivered than contracted. 28 million cgt was contracted during 2011 while 50 million cgt left the shipyards. 74 million cgt was scheduled for delivery in 2011 but, according to Danish Ship Finance estimates, global yard capacity was not able to build more than 63 million […]

  • 15 December 2016
    Business & Finance

    The Philippines’ Department of Transportation has received and is studying a proposal submitted by International Container Terminal Services, Inc. (ICTSI), to develop a common-user barge and RoRo terminal in the province of Cavite. The Cavite Gateway Terminal (CGT), as it will be called, will support government initiatives to de-congest Manila’s streets by reducing truck traffic […]

  • 18 June 2010

    Cesa (Community of European Shipyards’ Association) reports signs of recovery for the ailing yard industry, despite the fact that the global order volume for new ships over the past six quarters has totalled only 22 million cgt, compared to more than 100 million cgt for the six previous quarters.

  • 16 March 2017
    Business & Finance

    Amid the current muted shipbuilding market the Japanese orderbook has shown its endurance and recently surpassed its South Korean counterpart in size for the first time since 1999, according to Clarksons. While the orderbook is shrinking for all of the Big Three builder countries, the Japanese orderbook is undergoing the slowest rate of decline. This […]

  • 13 July 2018

    Last year was another golden year for the cruise shipbuilding sector, ASSONAVE said.

  • 25 July 2012

    Assonave – the National Association of Italian Shipbuilders, Shiprepairers and Ship suppliers- met under the chairmanship of Corrado Antonini in Rome last week. The report presented to the meeting showed that the situation is still critical: at 32 million compensated gross tonnes (cgt), world orders dropped by 18% over 2010 and in the first quarter […]

  • 10 September 2019

    South Korean shipbuilders will build 24 of 27 LNG carriers ordered in the past 8 months.

  • 13 July 2015
    Business & Finance

    Shipyards across China recorded a 72.6% decrease in new ship orders in the first six months of 2015, compared to the same period the year before, the country’s Ministry of Industry and Information Technology (MIIT) said. Chinese shipyards added 11.9 million deadweight tons to their orderbooks from January to June 2015. Orders for sea-going vessels for […]

  • 15 April 2019
    Business & Finance

    Hyundai Heavy Industries secured orders for five new gas and crude oil carriers in recent weeks.

  • 13 July 2015
    Business & Finance

    Shipyards across China recorded a 72.6% decrease in new ship orders in the first six months of 2015, compared to the same period the year before, the country’s Ministry of Industry and Information Technology (MIIT) said. Chinese shipyards added 11.9 million deadweight tons to their orderbooks from January to June 2015. Orders for sea-going vessels for […]

  • 12 March 2013

    According to the RS Platou’s 2013 Research Report, released few days ago, ordering activity fell by 30 percent in 2012, for the second year in a row. The main issues were slower economic growth and high fleet growth in most shipping segments, resulting in low freight rates and thus lower demand for newbuildings. Demand for […]

  • 9 August 2012

    The European debt crisis; a weak US employment market; declining growth rates in emerging economies such as China and India: prospects for the global economy are not exactly bright at the moment. These are the challenging coordinates for the decision-makers of the maritime industry as they get ready to gather for the 25th SMM, shipbuilding, […]

  • 23 January 2013

    Despite a slow economy and lower demand for new ships, Korea’s shipbuilding orders topped the world for the second consecutive year in 2012 in terms of both volume and monetary value. According to the Ministry of Knowledge Economy (MKE) and the Korea Shipbuilders’ Association (KOSHIPA), the country’s shipbuilders secured orders worth USD 29.9 billion, equivalent […]

  • 9 October 2006

    Measured in traditional shipping terms (CGT), Europe has about 15 per cent share of the worldwide commercial shipbuilding new orders

  • 13 March 2017
    Business & Finance

    Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity diminished shortening their forward cover to the current 2.3 years, according to Clarksons Research. Forward cover, one basic indicator of the volume of work that shipyards have on order, is calculated by dividing the total orderbook by the last year’s […]