Greek enter "Box & LNG" [Shipbuilding]
Only 16% of the newbuilding orders by Greeks in the year to date have been for tankers and bulkers. Unfavorable supply-demand balance made them weak areas of shipping to order new tonnage. Tanker and bulker orders had typically occupied a quarter ...
2011-08-19 07:55:52
Bergen Q2 numbers grow [Finance]
Norwegian offshore shipbuilder Bergen's second quarter profit jumps by 50% compared with the same period last year to be matched by a similar increase – of 30% over the period – from revenue. Profit rose to NOK15m ($2.8m) with revenue...
2011-08-19 07:47:38
Frontline may delay newbuilds [Shipping]
Tanker giant Frontline is to report deteriorated performance for the second quarter and may delay newbuilding deliveries. RS Platou Markets said, “with little earnings relief in the foreseeable future, risks have increased, and we expect dividen...
2011-08-19 07:41:18
Samsung scores shuttle tankers [Offshore]
The world's largest shipbuilder Samsung Heavy Industries formally signed four 154,000-dwt shuttle tankers with Teekay Offshore Partners. The South Korean major shipbuilder had revealed it had won orders for five shuttle tankers last month and four...
2011-08-19 07:36:15
Samsung keeps No.1 [Offshore]
Samsung Heavy Industries remains in the world's top position by orderbook for the fifth consecutive month. According to Clarksons, the South Korean shipbuilder's newbuilding backlog stood at 9.74m cgt or 214 ships as of August 1st. Daewoo Shipb...
2011-08-19 07:30:36
Japanese ink 13 export ships [Shipbuilding]
Japanese shipbuilders won a total of 13 export ship orders in July, three were for handysize bulkers, four for handymax bulkers, two for panamax bulkers and four for post-panamax bulkers. The figure is down 58% from a year earlier. The new orde...
2011-08-19 07:23:49
Samsung wins LNG-FSRU/Carriers [Offshore]
Norway's Golar LNG confirms two LNG carriers newbuilding options with South Korea’s Samsung Heavy Industries. The two 160,000-cbm options follow on from the initial six vessels the company ordered with the Korean yard earlier in the year. It ...
2011-08-19 07:15:26
New orders plummet [Shipbuilding]
Summer vacation around the world may have had an impact on decreased newbuilding ordering activity as global new ship orders in July fell to the lowest level seen this year. The amount of cash splashed on newbuildings also slumped last month despi...
2011-08-19 07:04:57
Oriental inks multi ships [Shipbuilding]
South Korea's Oriental Precision & Engineering, specialized in shipbuilding and offshore plant, signed KRW 184.1bn ($172m) newbuilding contracts with Elegant Shipping of the Philippines. This order takes 56% of Oriental's total revenue from 2010. ...
2011-08-18 11:43:36
Shikoku, Japan new orders up [Shipbuilding]
The Traffic Department of Shikoku, Japan has organized and announced total newbuilding orders of 2010 from Shikoku. Orders on the basis of newbuilding permit in Shikoku increased to 150 vessels increased by 7.1% and 4.61m GT up by 2.8% from 2009. ...
2011-08-18 11:09:07
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