'Go green' race [General]
Korean shipbuilders are racing to develop environment-friendly shipbuilding technologies and "green" vessels, as the green wave reaches the global shipbuilding industry. STX Shipbuilding, one of the country's three shipbuilding powerhouses, said...
2009-09-23 09:04:41
EBX owner eyes Vale stake [Equipment]
Brazilian tycoon Eike Batista is interested in buying into domestic iron ore exporter Vale. Local newspaper reported that Batista, Brazil's richest man who already has interests in mining, has been in talks with major Vale shareholders, including ...
2009-09-23 07:49:32
Bulker scrapping surpasses 10m dwt [Equipment]
Dry bulk demolition sales in 2009 have exceeded the 10m dwt barrier and look set to break the record for total tonnage scrapped in a year. “It is probable that by the end of 2009 we will have beaten the 30-year record set in 1998 of 13.7m dwt sc...
2009-09-23 07:45:15
European collab Russian [General]
European shipyards are to meet with their Russian counterparts this week to look for areas of collaboration. With the decline in global shipping, there are few growth areas and the Community of European Shipyards’ Associations believes the Russi...
2009-09-23 07:42:10
Hellenic yard to sue Greek navy [Finance]
Hellenic Shipyards, together with its parent HDW in Kiel, are to file arbitration proceedings against the Greek state for alleged massive defaults on submarine contracts. The ThyssenKrupp Marine Systems yards have said they are abandoning contract...
2009-09-23 07:38:01
IRISL attracts bargain hunters [General]
Bids as low as $20m apiece are rumored to have been offered for three 6,500-teu containership newbuildings that are up for sale after the original buyer failed to complete the purchase. One of the interested parties is said to be Neptune Orient Li...
2009-09-23 07:34:19
Asian shipping needs greater voice [Shipping]
The size of the Asian shipping and shipbuilding industries is large and they should occupy a more prominent and influential position in the international regulatory process than they currently do, according to Mr Oh Kong-Gyun, chairman and ceo of the...
2009-09-23 07:29:46
Croatian yards attract no bids [General]
There are less than two weeks left until Croatia’s privatization call for bids for shipbuilding expires and there are still no bids submitted by interested companies. While this is not surprising, the uncertainty of this privatization procedure ...
2009-09-23 07:27:59
Golar converts 3rd FSRU [Offshore]
Another LNG carrier has gone into a shipyard for conversion to a floating storage and regasification unit (FSRU). Golar LNG chief financial officer Graham Robjohns confirms the 137,000-cbm Golar Freeze (built 1977) has entered Keppel Shipyard in S...
2009-09-23 07:25:56
STX seals $5.8bn Vale deal [Shipping]
South Korea’s STX Pan Ocean has formally signed a $5.8bn iron ore shipping contract with Brazilian miner Vale. In what the shipowner and operator claims is the largest consecutive voyage contract in history, the company is to transport 300m tons...
2009-09-23 07:22:46
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