Shanghai: Samsung Heavy Industries (Ningbo), a hatch cover and block manufacturer in China, is entering the newbuilding market.
Samsung-Ningbo has started construction of a 17,000dwt heavy lift carrier, ordered by S&P Marine, due for delivery in mid-2013.
A spokesperson from Samsung said that Samsung-Ningbo is capable of constructing eight newbuildings a year, and will focus on 50,000 dwt medium range product carriers, handymax bulkers, PSVs, and feeder boxships. [02/07/12]
