Fluctuation and recovery [Equipment]
Zhang Liang, who is General Manager of COSCO, said on August 30th that personally he kept optimism on the shipping market of 2010. As is summarized by his words, firstly the shipping capacity was increased. Secondly the freight rate fluctuation o...
2010-09-03 01:04:09
Nantong: Growing imbalancedly [General]
Nantong is a large shipbuilding base in Jiangsu Province. According to official statistics, from January to August Nantong launched 91 ships of 4.84m dwt. In 2009, the annual amount of newly-built ships was just 123 ships totally. Currently the si...
2010-09-03 01:03:12
HSH Nordbank stops ship finance [Finance]
HSH Nordbank, which is the largest ship finance bank in Germany, currently confirmed the bank would stop ship finance service in coming months due to market panic. Torsten Temp who is shipping official of Nordbank said on last Friday that he and h...
2010-09-03 01:02:26
Xiamen signs for first panamax [General]
China's Xiamen Shipbuilding Industry has secured a new order for three 82,000-dwt bulk carriers from compatriot shipowner. It is the first time for Xiamen to win a panamax contract. Newbuilding price is yet to be revealed. Delivery is set for 2...
2010-09-02 12:15:33
Daesun inks handy B/C [Shipbuilding]
South Korea's Daesun Shipbuilding & Engineering has recently won an order for a new bulk carrier from Marshall Islands shipowner Ionic Hawk. Newbuilding price is KRW 29.88bn (about $25m). Considering the ship price, it seems a handysize bulk carri...
2010-09-02 12:02:59
SPP mulls merger [Shipbuilding]
South Korea's SPP Group is examining ways of merging its shipbuilding subsidiaries SPP Shipbuilding and SPP Plant & Shipbuilding. Gwak Han-jeong, president of SPP Shipbuilding and SPP Plant & Shipbuilding, revealed that the board is mulling a merg...
2010-09-02 09:04:46
CSIC net profit up 16% [Shipbuilding]
China Shipbuilding Industry Corp. recorded a 15.92 percent year-on-year increase in net profit to 797 million yuan ($117m) in the first half of 2010, says a company filing. Earnings per share was RMB 0.12 in the first half of 2010. Revenue climbed...
2010-09-02 08:22:19
Kuwait MPRV newbuilding tender [Shipbuilding]
Expressions of interest are being invited for qualified shipbuilders for the design, manufacture and supply of a Multi-Purpose Research Vessel (MPRV) for the Kuwait Environment Public Authority. The MPRV will be a twin-screw vessel, built of alumi...
2010-09-02 08:20:09
Wallenius eyes LNG propulsion [Shipping]
Wallenius Marine is looking at LNG as a possible replacement shipping fuel in a move designed to cut its emissions. It has teamed up with compatriot LNG GOT AB to examine possibilities for using the clean fuel on both its existing and newly built...
2010-09-02 08:17:58
Dockwise wins dozen deals [Shipping]
Dutch heavy-lift player Dockwise has won 12 new contracts worth nearly $37m. Six short-term deals involve transporting jack-up rigs, including the Sea Tower, Rowan EXL 2, KS Endeavor, and Atwood Beacon, to various locations around the world this ...
2010-09-02 08:16:11
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