Order wave: Fuel-efficient ships [Equipment]
The trend toward more fuel-efficient newbuildings that begun in the containership industry looks to be rapidly spreading to bulkers and tankers and could set off a wave of newbuilding orders, claims Jefferies & Co Managing Director Hamish Norton (pic...
2011-09-19 07:51:13
Hurry for cheap orders [Finance]
Time is running out for cheap newbuildings, a Chinese yard says. Many yards are operating at “cost level”, which is not sustainable in the long term, says Liu Haijin, board director and chief executive at Jiangsu-based New Century Shipbuildin...
2011-09-19 07:41:22
Transpetro builds Rio Tiete Shipyard [General]
Brazil’s President Dilma Rousseff has signed a letter of intent to allocate 900mn reais (US$526mn) in federal funding for improvements to the Tietê-Paraná waterway. The project aims to build 2,400km of navigable waterway through wor...
2011-09-19 07:34:22
COSCO Nantong names Shuttle Tankers [Equipment]
Two 59,000DWT Shuttle Tankers, built for the Danish owner LAURITZEN TANKERS A/S, were named “DAN CISNE” and “DAN SABIA” in COSCO Nantong Shipyard last month. The Panamax size vessels are double hulled DP ¢òshuttle tankers, regi...
2011-09-19 07:31:23
RINA celebrates 150th anniversary [General]
International certification, verification and ship classification company RINA is celebrating its ties with China on its 150th anniversary. It also took the opportunity to celebrate the ties between Italy and China on the 150th anniversary of Italian...
2011-09-19 07:27:11
STX PO in Japan [Shipping]
South Korean shipowner STX Pan Ocean unveils a new unit aimed at boosting its freight forwarding position in Japan. The bulker owner has set up a subsidiary, STX Container (Japan), under its existing Japanese business. The new company has an ...
2011-09-19 07:22:35
B+V sale ongoing [Finance]
Germany's ThyssenKrupp Marine Systems confirmed a bid for its Blohm + Voss shipyard. ThyssenKrupp said yacht maker Lurssen had launched an offer to buy the merchant shipbuilding assets of the yard. But it said Lurssen might not meet all of th...
2011-09-19 07:19:07
COSCO adds special purpose carrier [Shipping]
Cosco Corp Singapore has secured an order for additional special purpose carrier at its Guangdong yard. Cosco tells investors confirmation of the vessel follows a firm order for three newbuildings back in February. It will roll out the final ...
2011-09-19 07:16:05
Croatian wins $18m conversion [General]
Croatian shipbuilder and shiprepairer Viktor Lenac has won a contract to convert a heavy lift crane ship into a pipelayer. The 9,000GT Sampson (built 2010), fitted with a crane with a lifting capacity of 1,600 tonnes, is to be converted to laying...
2011-09-19 07:13:11
Yard casualties inevitable [General]
Shipyard casualties lie in wait, a shipbroker warns. Both slippage and boom-time orders are still keeping yards busy but it will be only a matter of time before yards bite the dust, Lorentzen & Stemoco says. It notes the top Korean yards are ...
2011-09-19 07:09:54
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