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LIQUEFIED NATURAL GAS CARRIER

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Shipbuilding Expert Sees Clear Sailing

3/2/2006
Article Summary:
Det Norske Veritas (DNV), one of the world's leading authorities in shipbuilding, said it will accelerate expansion in China by adding offices and training facilities as the country assumes an increasingly important role in the construction of high-end vessels. DNV plans to open an office in Ningbo to tap the potential in Zhejiang Province, where new shipyards are planned around Ningbo and Zhoushan Island - including what will become the world's biggest ship repair base. The group sets standards for ship building and inspects vessels to make sure those standards are met during construction. It...
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China's Expanding Shipyards Threaten Korea

3/2/2006
Article Summary:
China's Expanding Shipyards Threaten Korea
China's shipbuilders plan to double production capacity by 2010 is threatening to cut profits at Hyundai Heavy Industries, the world's biggest builder, and other South Korean yards. Chinese shipyards are undercutting competitors in Korea and Japan as they bid to increase market share. Beijing based China State Shipbuilding Corporation's new shipyard on Changxing Island near Shanghai, which starts constructing oil tankers next year, will overtake Korea's Hyundai Heavy as the world's biggest when it's completed in 2015. ...
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China's First LNG Ship

1/3/2006
Article Summary:
China's First LNG Ship
...
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7 Korean Shipbuilders Rank in Top 10

1/3/2006
Article Summary:
Seven South Korean shipbuilding companies are among the world's top 10 in terms of the backlog of orders received in 2005, according to London-based shipbroker Clarkson. The Korea Shipbuilders' Association confirmed that the global industry considers a backlog of orders as the most appropriate measure for evaluating shipbuilders' rankings....
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Coping with Risks in LNG Market

10/21/2005
Article Summary:
The market for the seaborne carriage of liquefied natural gas is on the verge of considerable change through new operators and new modes of organisation as world demand for the fuel expands inexorably. In terms of safety and efficiency, LNG transportation has been remarkably successful over the past 40 years. Now, the single company production-to-wholesale chain which has typified the industry, is under challenge and exposure to risk will probably increase. However, Karl Lumbers, Loss Prevention Director for the UK P&I Club, believes that the quality standards steadily maintained by the operat...
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