Bangla breakers get extension [General]
The Supreme Court in Bangladesh has granted Chittagong breakers an extension to continue importing scrap ships until early October. The judges had been asked to consider an appeal by green campaigners to overturn an earlier decision by a lower cou...
2011-08-11 07:19:29
USC cutting inefficient yards [Shipbuilding]
Russia's state-owned shipbuilding conglomerate United Shipbuilding Corp is to close a number of inefficient Soviet-era Far East yards and refocus on a series of joint ventures with technically advanced Asian shipbuilders. Vice-president Dmitriy Mi...
2011-08-11 07:15:26
Maersk tops punctuality list [Shipping]
Maersk Line regained its customary place as the most reliable of Drewry’s Top 20 carriers by fleet size. In the trades that the London-based maritime research company covers, APL and CSAV got the silver and bronze medal positions. Drewry’...
2011-08-11 07:04:49
Indonesia requires LNG fleet [Shipping]
Two Indonesian energy firms plan to set up a new joint LNG shipping company. National oil and gas company Pertamina and power utility PT PLN have agreed to start a joint shipping company to supply eight mini LNG receiving terminals in east Indone...
2011-08-11 07:01:47
Sartor cancels OSV pair [Finance]
Norway’s Sartor Offshore has axed two newbuilding orders at Bergen Group after failing to finance the vessels. Bergen said on Wednesday that one NOK 330m ($60.79m) combined platform supply/standby vessel had been cancelled due to lack of funds....
2011-08-11 06:57:49
ABG boosts profit [Finance]
India’s ABG Shipyard posts a better net profit of INR 400.6m ($8.85m) in the first quarter. The country’s biggest privately owned shipbuilder said this compared to INR 384.1m for the same three months of 2010. Sales increased from INR 4.4...
2011-08-11 06:50:23
Petrobras open to LNG-FPSO [Offshore]
Petrobras, Brazil's state-owned oil company, said it may yet build floating factories to liquefy natural gas after rejecting the untried technology for two of its largest offshore fields. Gas and Energy Director Maria das Gracas Foster told repor...
2011-08-11 06:47:58
Rongsheng bags more cash [Finance]
China Rongsheng Heavy Industries has secured a $220m syndicated loan with the Export-Import Bank of China and Credit Agricole. The cash deluge follows $1.7bn of financing from China CITIC Bank in June. Rongsheng is using the cash to develop i...
2011-08-11 06:41:02
India new "Int'l Size Shipyards" [Shipbuilding]
During the year 2011-12, 23 Public Private Partnership (PPP) Projects have been identified for award with an estimated investment of INR 16,744 crore and the corresponding capacity addition of 231.63 MMTPA. The National Maritime Development Progra...
2011-08-11 06:38:25
Hyundai-Vinashin eyes earnings jump [Shipbuilding]
Hyundai-Vinashin Shipyard (HVS) recently held a keel-laying ceremony in central Khanh Hoa province for the construction of three large ships for its foreign partners. The cargo ship coded S059 was ordered by the Huyndai Merchant Marine of South Ko...
2011-08-11 06:33:49
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