KAMCO starts Daewoo's disposal [Finance]
Korea Asset Management Corporation (KAMCO) is to finalize selection of a sale manager during January 2012 for its sell-off 19.1% shares of Daewoo Shipbuilding & Marine Engineering. Player in investment bank said on 26 December that KAMCO would be ...
2011-12-26 12:10:11
Brazil to boost drillship market [Offshore]
Shinyoung Securities forecast on 26 December, "Oil giant Petrobras of Brazil backed out from its previous plan to placing new order at domestic builder, which would be a good news to drillship market." Shinyoung gave an overweight opinion on South...
2011-12-26 11:19:51
Shipping market to turn-around [Shipping]
Busan Development Institute and Korea Shipowners' Association held a joint seminar, 'Analysis on 2011 shipping market and forecast, economic growth of India and current situation of green shipping.' Korea Register of Shipping said, "Shipping market n...
2011-12-26 10:50:06
“Early recovery hard to expect" [Shipbuilding]
CEO Choe Weon-Gil, Hyundai Mipo Dockyard (HMD), forecast that shipbuilding market would not be recovered in a short period, from HMD's recent news letter. Choe said, "We are watching intently for a possible double dip. Many European banks have tig...
2011-12-26 10:20:15
Scrapping all-time high [General]
Old tonnage scrapping of at least 37 million dwt this year has far exceeded last year’s total. Shipbroker Simpson, Spence & Young (SSY) is expecting global shipbreaking activity to top even the record set in 1985, when both the tanker and dry-bu...
2011-12-26 07:56:36
Jinling bags 35K bulker [General]
Turkey's Densay Shipping & Trading has reportedly signed up for one 35,000-dwt newbuilding plus one option at Jinling Shipyard for delivery in 2012 at $22m each. A source familiar with Densay confirms it is looking to book a pair of handysizes bu...
2011-12-26 07:52:16
Hoegh delays Hyundai FSRU options [Finance]
Norway’s Hoegh LNG pushed the deadline for declaring the first of a pair of floating storage and regasification unit (FSRU) optional newbuildings into the New Year as it waits to conclude a charter party on its first firm vessel. The company wa...
2011-12-26 07:49:08
Flex extends Samsung FLNG [Offshore]
Flex LNG gets a temporary extension into early January of its preliminary agreement with Samsung Heavy Industries on its first floating LNG Producer (LNG/P) unit. The LNG-FPSO is targeted at InterOil Corp and Pacific LNG Operations’s Gulf LNG p...
2011-12-26 07:46:27
Acemex to pen tankers [Shipping]
Cuban state-owned shipowner Acemex is looking to order up to eight tankers of different sizes and types in China. China National Machinery Import & Export Corp (CMC) is reportedly being tasked with handling the newbuilding deal and will make a sh...
2011-12-26 07:43:06
Sinopec eyes LNG carriers [Shipbuilding]
Sinopec teams up with China Shipping Development Co (CSDC) to build around five LNG carriers. The company said its Hong Kong-based outfit Kantons Investment has formed a joint venture with CS LNG, a CSDC subsidiary. CS LNG will hold a controlling ...
2011-12-26 07:39:35
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