Chinese speed up R&C [Finance]
China, setting its goal on reorganization & consolidation (R&C) for the country's shipbuilding industry, has made total six cases of M&A in the first half of 2011. According to recent report of the China Association of the National Shipbuilding I...
2011-07-28 10:16:59
D’Amico funds Hyundai Mipo duo [Finance]
Italy's d’Amico International Shipping secured a loan worth nearly $50m to help pay for a pair of MR newbuildings on order at Hyundai Mipo Dockyard in South Korea. Milan-listed D’amico says Credit Agricole Corporate and Investment Bank and Dn...
2011-07-28 08:17:10
Pax. record breaking & deliveries [Shipping]
Panamax bulkers are set to record all-time high scrapping and newbuilding deliveries. Forty-six panamaxes have been scrapped already this year with the figure edging ever closer to the highest mark of 53 set in 2009, according to Simpson Spence Yo...
2011-07-28 08:05:54
Costamare plans new order [Shipping]
Greek containership owner Costamare is prepared to pursue new opportunities. The New York-listed company reported net income of $26.2m in the three months to 30 June, compared to a profit of $21m a year prior. In a statement, finance chief Greg Z...
2011-07-28 07:59:55
SBI Offshore-Honghua JV [Equipment]
Offshore equipment supplier SBI Offshore and land rig manufacturer Honghua Group have formed a joint venture firm to offer large-scale contract manufacturing services to global offshore and marine industries. The new firm HS Offshore will be 70% ...
2011-07-28 07:55:33
ODC receives 1st German boxship [General]
Oman Drydock Company received the first German container vessel, owned by one of the major German companies and specialized in containers transportation, in addition to the local ship, Raysut Cement Carrier. Sheikh Khalil al Salmi, Deputy Chief E...
2011-07-28 07:52:55
Bangla yards to export 30 ships [General]
A couple of leading shipbuilders of Bangladesh will deliver 30 ocean-going ships to fetch $300 million from their clients mostly in Europe by the end of the next calendar year, shipbuilders said on Tuesday. To meet the delivery deadline the shipya...
2011-07-28 07:49:45
Dry bulk keeps down [Shipping]
The Baltic Dry Index (BDI) has reached new lows this week, with July 27th session ending further down by 14 points to 1,296 points compared to a day before. Once again the Capesize segment posted the biggest losses, with the Baltic Capesize Index...
2011-07-28 07:44:34
Hyundai-Vinashin names 56K BC [General]
On July 26th, 2011, Naming Ceremony for the 56,000 DWT Bulk Carrier having Hull No. S005, has been taken place alongside Quay No. 3 of Hyundai-Vinashin Shipyard Co., Ltd. (HVS). In the solemn atmosphere of the ceremony, all the attendees includin...
2011-07-28 07:37:26
Universal targets 28-ship order [Shipbuilding]
Japan's Universal Shipbuilding Corporation is targeting 28 new ship orders worth JPY 170bn ($2.2bn) during this fiscal year. The shipbuilder is aiming to double new order value compared to last year. Universal Shipbuilding Corporation is foreca...
2011-07-28 07:35:19
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