Samsung wins LNG carrier [Shipbuilding]
Greek shipowner Thenamaris added another LNG-carrier newbuilding to its orderbook tally at Samsung Heavy Industries in South Korea. Industry sources say the owner is now sitting on three LNG slots at Samsung, where it made its first break into th...
2011-09-09 07:50:16
Tuzla yards collapse [General]
In the past 15 months, orders to build 200 ships were canceled at Tuzla, a shipbuilding hub in Istanbul, and the number of workers retreated to 8,000 from 38,000, Hurriyet Daily reports. Nearly all subcontracted workers were fired and 60% of regul...
2011-09-09 07:34:03
Wartsila & Shell promote LNG [Shipping]
Wärtsilä and Shell Oil Company have signed a Joint Co-operation Agreement aimed at promoting and accelerating the use of liquefied natural gas (LNG) as a marine fuel. The agreement was signed in August 2011 and will run for several year...
2011-09-09 07:30:12
Chengxi inks 35K BCs [Shipbuilding]
Canada Steamship Lines (CSL) announced on Wednesday it is exercising its option for the building of two new self-unloading vessels, bringing to four the number of ships on order in its major fleet-renewal program. The Montreal-based Great Lakes-S...
2011-09-09 07:26:46
SWS soon to sign kamsarmax [General]
Greece's Chartworld Shipping confirms it expects to ink a deal with Shanghai Waigaoqiao Shipbuilding for an initial two kamsarmax newbuildings by the end of this week. The contract is thought to be the first for kamsarmaxes at the state-owned Chin...
2011-09-09 07:21:37
Warning on delay in LNG projects [Offshore]
The LNG shipping market faces “carnage” in two years because too many vessel orders have been placed this year. The alarming forecast by Flex LNG chief executive Philip Fjeld is underpinned by a conviction that most of the major LNG production...
2011-09-09 07:16:54
1,500 BCs should go to breakers [Shipping]
London broker Braemar Seascope says 1,500 elderly bulkers would have to be sold for scrap to bring fleet growth into line with demand. It said the worldwide ranks of dry cargoships will swell 12% a year until 2013, excluding demolition figures, a...
2011-09-09 07:10:28
Vale "No VLOC loss" [General]
Brazilian mining giant Vale insists it will not take a loss on the sale of any of its VLOCs. Vale admitted earlier this month it is in talks to sell or charter some of the giant vessels to Chinese owners after feeling the squeeze from Beijing. ...
2011-09-09 07:06:24
Otto Marine AHTS deal [Offshore]
Otto Marine has sold an anchor handling tug supply newbuilding to Australian owner Go Marine. Singapore-listed Otto will pick up $24m for the 8,000-bhp vessel, which will be delivered in September. Otto provides only limited information about...
2011-09-09 07:00:52
K Line to sell vessels [Finance]
Japan's Kawasaki Kisen Kaisha (K Line) is planning to offload vessels. The company will also sell shares to improve its bottom line in tough markets. The moves should add JPY 5bn ($64.67m) in extraordinary gains this year. The Nikkei dail...
2011-09-09 06:58:18
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