Dacos denies 205K order [Shipbuilding]
Sino-Japanese yard Dalian Cosco Shipbuilding Industry Co (Dacos) is denying recent reports it has won an order for bulker newbuildings. Brokers say it has secured three 205,000-dwt vessels for delivery between March and September 2012. The or...
2011-09-15 07:40:32
Marco Polo Marine pens barge [Equipment]
Singapore's Marco Polo Marine Group reports that it has secured a shipbuilding contract worth approximately Singapore $3.4 million. It covers the construction of eight offshore barges for an existing customer at the group's Batam, Indonesia, ship...
2011-09-15 07:33:24
Japan LNG use hit record [Offshore]
Japan's 10 utilities consumed a record 4.81 million tonnes of liquefied natural gas in August, up 15.4 percent from a year earlier, industry data showed on Tuesday. They burned more gas to offset a fall in nuclear power generation. The utilitie...
2011-09-15 07:31:27
JPMorgan fund invest in SKIL [Finance]
A fund managed by JPMorgan Chase & Co has agreed to invest about $400 million in India's SKIL Infrastructure for a stake of just under 20 percent, two sources with direct knowledge of the development said. SKIL, which controls shipbuilder Pipavav ...
2011-09-15 07:29:17
Rolls-Royce wins Cochin deal [Equipment]
Rolls-Royce, the global power systems company, has won a contract from India's Cochin Shipyard to supply 60 water jets for a new fleet of 20 Fast Patrol Vessels for the Indian Coast Guard. The contract will involve the supply of Rolls-Royce Kamewa...
2011-09-15 07:25:31
VLCC ray of hope [Shipping]
A surge in the number of oil cargoes to be shipped on very large crude carriers from the Middle East Gulf to China in September and early October is providing a thin ray of optimism. A resurgence in oil demand from China, which reportedly dipped i...
2011-09-15 07:22:40
Otto allows extension [Offshore]
Otto Marine gives a customer 14 more days to lay the deposit for one of its large AHTS vessels. The Singapore shipbuilder secured a letter of intent from an unnamed buyer last month for one of the four 300-tbp AHTS ships originally destined for N...
2011-09-15 07:19:23
RS handles Greek mess [General]
The Russian Maritime Register of Shipping (RS) meets Greek ministers to sort out the mess over false ship certificates. A working group from the class society headed to the ministry of development, competitiveness and shipping in Athens this week...
2011-09-15 07:16:06
Hanjin fixes capes [Shipping]
Hanjin Shipping fixed two capeszie bulkers for 15-year jobs. Hanjin will use the ships to import coal for Korea Southern Power (KOSPO). The diversified South Korean shipowner said the contract for the unnamed pair would generate around KRW 360...
2011-09-15 07:10:44
Istanbul Shipyard move [General]
Istanbul Shipyard's deputy managing director Gokalp Gundogdu is leaving his job. Gundogdu headed up repair and conversion at the Istanbul yard. He was with Istanbul Shipyard for seven years and will leave at the end of this week.
2011-09-15 07:07:24
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