Precious resale trio [Shipping]
Precious Shipping lays down over $75m to grab three supramax resales in China. Bangkok-listed Precious bought the trio from Taizhou Sanfu Ship Engineering, it is claimed. Brokers say the 57,000-dwt vessels were first penned by Germany’s Osc...
2011-09-14 06:43:34
Mitsubishi eyes LNG carriers [Offshore]
Osaka Gas of Japan is under a final negotiation with one of Japanese major shipowners on two newbuildings procurement. Mitsubishi Heavy Industries is most likely to build the two LNG carriers with its newly developed 155,000-cbm, 'EXTREM' design, ...
2011-09-14 06:19:08
Big4 enjoy 'Chuseok' [General]
For 'Chuseok' (Korean Thanksgiving Day) holidays, the country's shipbuilders, in general, are known to take a break until Sep 14-15. Also, the Korean Thanksgiving Day bonus is 50%-100% of basic payment. Hyundai Heavy Industries pays extra KRW 5...
2011-09-14 06:15:13
Sungdong gets $233m liquidity [Finance]
South Korea's Sungdong Shipbuilding & Marine Engineering is to have an emergency aid of KRW 250bn ($233m). Export-Import Bank of Korea, a main creditor bank, and other 12 financial institutions announced on Sep 9 that they agreed to support Sungd...
2011-09-09 12:35:37
STX $510m ship financing [Shipping]
STX Pan Ocean of South Korea announced on Sep 9 that there was a signing ceremony of $510m syndication ship financing with nine large creditor banks. This finance is to input in newbuilding 20 open hatch general cargo carriers which will be chart...
2011-09-09 12:18:18
Yangfan wins capesize [Shipbuilding]
China’s Yangfan Group has won an order for up to six capesize bulkers from a Norwegian shipowner. A Yangfan executive confirms it has received an initial order for two capesizes from a company in Norway. He adds that the 205,000-dwt newbuild...
2011-09-09 11:56:51
Hyundai eyes five 5,000TEU's [Shipbuilding]
Hyundai Heavy Industries is in talks with Greek owner for five 5,000TEU newbuildings. Greece's EuroBulk is set to place its first order for boxship newbuildings. The company is said to have approached the South Korean shipyard for a handful of...
2011-09-09 11:48:35
Kitanihon inks chemical tankers [Shipbuilding]
Kitanihon Shipbuilding, now under a restoration of its yard after the catastrophic earthquake in northeastern Japan, inked six 19,800-dwt chemical tankers from Zodiac Maritime Agencies of England. Kitanihon, with four sisterships from Zodiac new ...
2011-09-09 11:21:18
Hyundai's groundbreaking for circuit breaker [Equipment]
Hyundai Heavy Industries of South Korea constructs circuit breaker factory in Russia for the first time in Korea. Hyundai announced that it holds groundbreaking ceremony for 'Hyundai Electrosystems' in Vladivostok on Sep 9. Hyundai Electrosyst...
2011-09-09 10:19:42
Hyundai nego LNG carrier pair [Shipbuilding]
Hyundai Heavy Industries is reportedly in final talks with BW Gas for two LNG carrier newbuildings. The deal is expected to be firmed up this month. The South Korean major shipbuilder is believed to have a few LNG-newbuilding slots available f...
2011-09-09 07:56:02
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