Navios bags Sungdong financing [Finance]
Navios Maritime Acquisition of Greece has turned to DVB Bank to finance a pair of products tankers under construction in South Korea. New York-listed Navios says the German firm will back a loan facility of up to $51m, funds that will be used to ...
2011-12-15 07:52:13
Bangla delay goes another month [General]
Bangladesh’s shipbreaking hiatus is to continue after the country’s Supreme Court asked the government to re-draw its new rules on safe and environmentally friendly operations at scrap yards. Following a hearing on Wednesday, the government h...
2011-12-15 07:46:10
Jurong wins semi-sub accommodation rig [Offshore]
Prosafe has entered into a turnkey contract for the construction of a semi-submersible accommodation rig at Jurong Shipyard Pte Ltd. in Singapore. The new unit will be the most advanced and efficient harsh environment accommodation rig in the wor...
2011-12-15 07:41:07
Samjin inks 36K BC sextet [Shipbuilding]
After a four-year hiatus, Compagnie Maritime Belge (CMB) came back to order six ECO-type handysize bulker newbuildings at South Korea’s Samjin Shipbuilding Industries, which is located in Weihai city, Shandong, China. The NYSE Euronext-listed pa...
2011-12-15 07:36:35
LNG-powered vessel to surge [Shipbuilding]
Det Norske Veritas (DNV) of Norway estimated that about 500 LNG-fueled vessels to be ordered by 2015 and thousands of LNG-fueled newbuildings by 2020. It said that regulation on sulfur oxides emission would increase green LNG-propulsion vessels. ...
2011-12-15 07:10:49
China bombed by Euro crisis [Shipbuilding]
Eurozone debt crisis is bombing builders in South Korea and China, in particular. As European owners, who take about half of worldwide new order, getting difficulties in securing ship financing, they are looking for down-scale business. This is b...
2011-12-15 07:03:54
Dae Sun pens three MPCs [Offshore]
Dae Sun Shipbuilding & Engineering of South Korea revealed that it won new order for three 17,500-dwt multi-purpose carriers from a state-owned State Company for Maritime Transport of Iraq on 8 December. The Busan-based yard made a successful bid ...
2011-12-14 14:26:57
Namsung to order 1,850TEU's trio [Shipping]
Korean middle-standing container line Namsung Shipping is to place a new order for three 1,850-teu containerships at South Korean yard. The newbuilding boxships are planned to operate in Southeast Asia, including Singapore, Indonesia, Malaysia, Th...
2011-12-14 11:15:09
Japan's major3 joint research [Equipment]
Japan's Oshima Shipbuilding, Tsuneishi Shipbuilding and Mitsubishi Heavy Industries began joint research for advanced ship design system. The Research is to combine design system 'MATES' of Mitsubishi and 3D CAD 'NUPAS-CADMATIC' made by the Nether...
2011-12-14 10:47:27
STX HI marine engine 1,000-unit mark [General]
STX Heavy Industries (STX HI) of South Korea holds a commemoration ceremony for its large-size low-speed marine engine reaches cumulative production of 1,000 units. After succeeding test run of 6S80MC-C8, STX HI recorded cumulative production of ...
2011-12-14 10:10:41
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