Secondhand boxship values tumble [General]
Secondhand values of 1,100 teu boxships seem to have fallen 40% in the last three months, with two vessels changing hands over the last week at levels around $6m. Brokers reported German company Hansa Treuhand has sold the 1992-built, 1,012 teu M...
2011-08-10 07:18:50
Panamax rates hit lowest [Shipping]
Time charter rates for panamax bulk carriers have fallen to their lowest level since mid-May as cargo volumes and vessel demand decline. The Baltic Exchange’s fronthaul route dropped to $21,152 per day Tuesday, down $1,800 per day from a month a...
2011-08-10 07:10:13
B+V yard sale impending [Finance]
Germany's ThyssenKrupp could soon sell the merchant shipbuilding operations of its Blohm + Voss (B+V) yard to a European “finance investor”. The company said it had signed a memorandum of understanding with the unnamed interest. "The talk...
2011-08-10 07:06:10
$130m Cruiseship Upgrade [General]
Costa Cruises has inked a €90m ($128.3m) order to upgrade the Costa Romantica at Genoa's San Giorgio del Porto shipyard. The contract covers a major restyling operation on the 53,000-gt vessel which currently has berths for 1,697 passengers. ...
2011-08-10 07:03:10
Seadrill bags jack-up deals [Offshore]
Norway's Seadrill has secured three-year contracts for two of its jack-up drilling rigs. The Oslo-listed owner says Middle Eastern energy syndicate AL-Khafji Joint Operations (KJO) has picked up the West Triton and Offshore Resolute (both built 2...
2011-08-10 06:58:42
NOCC scraps oldie [General]
Norwegian Car Carriers (NOCC) has pocketed NOK 19.7m ($3.6m) from the scrapping of its oldest ro-ro following a NOK 39.5m demolition deal. The Oslo-listed owner says the sale of the 42,500-dwt Virana (built 1979), in which it held a 50% stake, wi...
2011-08-10 06:54:15
Fincantieri delivers Megayacht [Shipbuilding]
The first Megayacht was recently delivered by Fincantieri's Muggiano (La Spezia) shipyard in Italy. The 134-meter-long Serene is the first megayacht built by Fincantieri, marking the Italian shipbuilder's entry into the upscale luxury yacht sector...
2011-08-10 06:50:17
Universal markets "G Series" [Equipment]
Japan's Universal Shipbuilding announced Tuesday it has started marketing the next generation 209,000-dwt capesize bulker, as the first of the "G (Green) Bulker Series", which reduces greenhouse gas emissions by 25%. Hull was optimized by introduc...
2011-08-10 06:46:58
Sanoyas inks 83K BCs [Shipbuilding]
Japan's Sanoyas Hishino Meisho announced that it has won orders of three 83,000-DWT bulker newbuildings during the three months to June, 2011. And Sanoyas' newbuilding orderbook went up to 31 vessels worth JPY 124.3bn ($1.6bn). During 2011 A...
2011-08-10 06:21:43
Korea supports LNG-FPSO R&D [Offshore]
Starting from September, technology development for LNG-FPSO is promoted as South Korea's policy. The project, one of core tasks for securing global top 5 competency in LNG plant business, will be conducted with KRW 26bn ($24m) budgets for five ye...
2011-08-10 06:17:04
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