China heavy plates oversupply [Equipment]
Chinese steel industry predicted annual heavy steel plate consumption during 2011-2015 to be 21 million tons, considering China's 12th five-year economic development plan for shipbuilding and marine steel's consumption. Detailed consumption includ...
2011-09-29 10:08:17
German yards' jobs down 4% [General]
Employment at German shipyards continued downward trend during the past year. As of September, 16,351 people were directly employed by the country’s shipbuilders, trade union IG Metall said in its annual industry survey. That is about 4% les...
2011-09-29 08:14:21
U-Ming mulls newbuilds [Shipping]
U-Ming Marine plans growth despite the prevailing low freight rates in the dry bulk sector, said the company’s president CK Ong. He said the company was looking at newbuildings and the secondhand market, and would also consider acquisition oppor...
2011-09-29 08:09:03
Alpha pens debut LNG order [Shipbuilding]
Greece's Alpha Tankers & Freighters debuted in the LNG carrier sector after negotiating an initial newbuilding with South Korea’s STX Offshore & Shipbuilding. STX O&S signed the contract to build an LNG carrier on September 15th. The deal is...
2011-09-29 08:04:28
Japan to order 15 LNG carriers [Offshore]
Japanese power and gas companies are forecast to charter in as many as 15 new LNG carriers in the next couple of years. In March this year NYK was already been awarded an LNG carrier charter contract from Tokyo Electric Power and the shipowner pla...
2011-09-29 07:52:23
'Bourbon Front' leaves Sinopacific [General]
Bourbon Front, a Bourbon next-generation Platform Supply Vessel (PSV), has left Sinopacific Shipbuilding Group’s Zhejiang shipyard in China. “The Bourbon Front is the first vessel of a new BOURBON series of 4, with the Bourbon Clear, the Bourb...
2011-09-29 07:39:28
Tiger may order 50 boxships [Finance]
Maritime investment firm Tiger Group could buy as many as 50 large containerships in the next two years. The Hong Kong-based firm looks to raise as much as $6 billion to invest in shipping over the next few years through its companies, said Tiger...
2011-09-29 07:36:31
DNV updates offshore wind [Offshore]
DNV's recognized standard for design of offshore wind turbine structures has been through a revision process together with the wind energy industry. The updated standard which aims to reduce cost and increase safety is now available. The standard...
2011-09-29 07:29:47
SCF eyes 20 LNG carriers [Offshore]
Russian state-owned shipowner Sovcomflot could need as many as 20 new LNG vessels to service the Shtokman gas field. The company’s deputy chief Evgeny Ambrosov told reporters that building the 1B ice-class carriers could cost $4bn. The Shtok...
2011-09-29 07:24:37
Marco pens upgrade deal [General]
Marco Polo Marine wins a new ship upgrading contract for its Batam shipyard. The contract, worth SGD 8.5m ($6.6m), is with its shipbuilding and repair arm, Marcopolo Shipyard, and has been placed with an existing customer. The Singapore-liste...
2011-09-29 07:20:21
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