Small tanker sales rise [Finance]
The secondhand market for small tankers sees sales volumes grow significantly in the third quarter. Some vessels changed hands at prices that show their values have not declined as sharply as other shipping sectors. Clarksons has reported 27 ta...
2011-09-22 07:48:29
STX Valemax ready [Shipping]
Delivery of first of eight 400,000-dwt vessels built at STX is to take place next week. STX Pan Ocean has eight valemax ships on order with the Brazilian iron ore giant Vale. The first delivery of a valemax to be delivered from STX Offshore & Ship...
2011-09-22 07:43:58
Layups to reach 5% [Shipping]
Under the best case scenario in the current economic climate, 5% of the global container fleet will be in lay-up by winter. Macquarie Bank Hong Kong shipping analyst Janet Lewis predicts that the layups will start in the slack season that usually ...
2011-09-22 07:37:59
Fincantieri orders down 40% [Finance]
Fincantieri stayed in profit for the first half despite the 40% fall off in orders. The Italian shipbuilder posted a profit of EUR16m ($22m) in the first half compared to EUR12m for the same period last year. But fewer orders put the squeeze ...
2011-09-22 07:34:08
L&T challenge Korean & Japanese [General]
Larsen & Toubro will not enter into low-end competition (of building regular commercial vessels) with Chinese shipyards, but will compete with Japanese and Korean shipyards in building ‘specialised ships' at its Kattupalli facility near Chennai, ac...
2011-09-22 07:31:50
AET earmarks modular capture vessels [Offshore]
Eagle Texas, the 61st Aframax to be delivered into AET's rapidly growing fleet, will be the company's second tanker to take up duties as a modular capture vessel (MCV). AET was recently awarded a 20-year contract with Marine Well Containment Compa...
2011-09-22 07:27:57
China offers ship-finance package [Finance]
Bangladesh Shipping Corp (BSC) is examining an offer from China to pick up vessels at cheap finance rates. State-owned China National Machinery Import & Export Corporation (CNMIEC) will supply ships via a preferential loan rate of between 2.5% an...
2011-09-22 07:20:32
Seaspan to order 18,000TEUs [Shipbuilding]
Canada's containership owner Seaspan is in talks with South Korean major shipbuilders about 18,000 teu newbuildings. Chief executive Gerry Wang revealed that the company could soon be in a position to place orders for a new generation of ultra lar...
2011-09-22 07:15:06
Chinese face policy headwind [Shipbuilding]
Lately Chinese government has raised bank reserves and interest on loan several times, which led to banks' loan downsizing and more-troubled local shipbuilders and marine equipment manufacturers, in the end. Global financial crisis has put global ...
2011-09-22 06:48:05
LNG newbuild expand [Shipbuilding]
Newbuilding orders for LNG carriers are expected to grow henceforth, with shipyards securing 44 newbuildings year to date. Overall LNG carriers, LNG-FSRU and LNG-FPSO in particular, have the bright outlook. LNG-usage is forecast to increase by...
2011-09-22 06:39:46
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