Hyundai aim $30.6bn orders [Offshore]
South Korea's Hyundai Heavy Industries, the world's biggest shipbuilder, said on Monday order growth was expected to more than halve to 20 percent this year as a sputtering global economy threatens to reduce seaborne trade. Hyundai, which also mak...
2012-01-03 08:16:46
Yuexin signs ASD TUG [Offshore]
Yuexin Shipbuilding's Mr. Eric Lim, the Business/Corporate Development Director signed a contract, on Nov. 18th 2011, of 32m ASD TUG -YX3108 with an owner from South America. The vessel has already finished sea-trial and is to be delivered in the...
2012-01-03 08:12:22
2000TEU sets new standards! [Equipment]
The Danish Naval Design and Marine Consultancy Knud E. Hansen A/S and joint venture partner ABB have developed a highly fuel-efficient 2000 TEU Container Feeder Vessel. The vessel's main dimensions have been optimised for calling in Bangkok, but ...
2012-01-03 08:09:28
China charters VLCCs [Shipping]
China’s insatiable thirst for imported oil has seen it grab another batch of cargoes from the Middle East, helping to prop up the spot market rate for very large crude carriers on the key Middle East to Asia oil trade route. Unipec, the Chinese...
2012-01-03 08:07:21
Hamburg Süd tips small [Shipping]
German box line Hamburg Süd expects to return a small profit for 2011. “We will be happy if we see a ‘black zero’ in the end,” chairman of the executive board, Ottmar Gast said in his interview with a Hamburg newspaper. Hamburg S&...
2012-01-03 08:02:59
Frontline bullish in 2012 [Shipping]
Frontline is starting the new year in bullish mood. Frontline claims the restructuring has given it significant strength to honour obligations with the route chosen offering a significant upside for shareholders if the tanker market recovers. ...
2012-01-03 07:58:53
PNSC eyes LNG carrier [Shipbuilding]
Pakistan National Shipping Corp (PNSC)could order LNG carrier newbuildings, according to press reports in Islamabad. The national government has authorised renewal of the national carrier's fleet, which currently comprises a mixed range of 11 ves...
2012-01-03 07:54:28
Rongsheng wins loan [Finance]
China Rongsheng Heavy Industries Group Holdings Limited ("China Rongsheng" or "Group" ), signed agreement for a loan of US$ 100 million with China Development Bank ("CDB") Hong Kong branch, it reveals on Dec. 22th 2011. This offshore US-dollar loa...
2012-01-03 07:51:37
S&P sales drop [General]
Secondhand ship sales volumes in 2011 were at the lowest levels since the shipping boom years began. Greece’s Allied Shipbroking reports just 1,082 vessels as changing ownership in the past 12 months. Allied’s figures came in below volumes ...
2012-01-03 07:49:09
Hyundai Mipo aims $3.2bn [Shipbuilding]
Hyundai Mipo Dockyard plans to win $3.2bn new orders this year and achieve revenue of KRW 4trn ($3.46bn). Meanwhile, the South Korean yard revealed that an owner from Liberia delayed delivery of four BC's, inked in July 2008, by one year from Jan....
2012-01-03 07:42:36
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