STX O&S unburdened [Finance]
STX Offshore & Shipbuilding of South Korea expects increase in operating profit, as STX group backed out from takeover of Hynix Seiconductor. Analyst Park Min from Korea Investment & Securities said, "STX O&S is prospecte d to have a growth in op...
2011-09-20 10:37:21
World Ocean HR Fair 2011 [General]
World Ocean HR Fair 2011, the first sub-forum of World Ocean Forum, is held at Convention Hall, BEXCO, Busan, South Korea on today, Sep 20th, hosted by Busan and Korean Association of Marine Industry (KAMI). In this HR Fair, ways for those talented i...
2011-09-20 10:14:54
Sungdong orders Cargotec equip [Equipment]
Cargotec has confirmed new orders worth around EUR 25 million to deliver MacGregor hatch covers, lashing bridges and fixed lashing gear for eleven 8,800 TEU container ships being built by Sungdong Shipbuilding & Marine Engineering shipyard in South K...
2011-09-20 08:02:40
Cape resale for $48m [General]
Sanko Steamship is understood to have renegotiated the sale of a newbuilding capesize it pulled from the S&P market in August due to low price offers. After Cyprus Maritime was understood to have offered the “eyebrow-raising price” of $43.5m i...
2011-09-20 07:57:50
Bulkers retreat again [General]
After a surge during the past couple of weeks with the BDI (Baltic Dry Index) reaching levels of year high and close to 2,000 points, it seems that the signal was given late last week and early this week for a swift retreat. Yesterday, the BDI, th...
2011-09-20 07:51:29
STX OSV bags 3 trawlers [Offshore]
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of three advanced stern trawlers for Aker Seafo...
2011-09-20 07:46:54
Rig orders drying up [Offshore]
Credit Suisse lowered its outlook on Sembcorp Marine. The bank cut its rating on the Singapore-listed rig builder’s stock to neutral from outperform despite saying it remained positive on the company. Credit Suisse slashed its price target ...
2011-09-20 07:42:26
Big3 order to fall in 2012 [Shipbuilding]
Deutche Bank chalks 20% off of its 2012 order estimates for South Korea’s three largest shipbuilders. Sanjeev Rana, an analyst at Deutsche Bank, says the fact offshore and LNG orders make up between 65% and 75% of the orderbooks at Korea’s big...
2011-09-20 07:38:31
62 Capes into demolition [Shipping]
Tech Project’s 166,000-dwt bulker V Australia (built 1984) will head for scrapyard in India, it is claimed. A price of $515 per ldt has been paid for the vessel, which means a cheque worth $13.97m for the owner. It is thought the deal takes...
2011-09-20 07:33:18
VLCC demand flat [Shipping]
Economic downturn has dragged demand growth for VLCCs to zero, Peter Anker has warned. Slowdowns in the US and Europe are to blame for the slump, the RS Platou chief said. “The tanker market is extremely weak,” Anker said. “Right now...
2011-09-20 07:29:35
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