L&T inks subsea orders [Offshore]
India's Larsen & Toubro (L&T) wins three subsea contracts worth $889 million in the United Arab Emirates and Thailand. The first contract was awarded by Abu Dhabi Marine Operating Co for engineering, procurement, construction and installation wor...
2011-08-09 07:03:22
Rongsheng scores 6,600TEUs [Shipbuilding]
China Rongsheng Heavy Industries announced a new order for two 6,600-teu boxships. It said only that the contract was signed by a European owner, but it was not clear whether this was a new deal. The contract with unnamed European shipowner i...
2011-08-09 06:58:22
Russian wins tankers [Shipbuilding]
Moscow River Shipping Company (MRSC) and “Lotus” Shipyard on July 26, 2011 signed a contract worth over RUB 1 billion ($35.1m) for two river-sea going tankers of Project RST 25, the shipping company said. The vessels were ordered by Gaztekhlea...
2011-08-09 06:53:10
Japanese to order 25 ships [Shipbuilding]
Anchor Ship Investment, Japan’s largest ship-fund manager, may more than double its fleet to 50 vessels amid rising imports of coal and iron ore in China and India. “Our customers are asking for more bulk carriers to feed that demand and we ar...
2011-08-09 06:49:49
Wartsila wins "Bangkok-max" [Equipment]
Finland’s engine maker Wartsila will supply engines for the new series of "Bangkok-max" containerships being built in China. The company said the eight vessels will use RT-flex60C main engines. The 1,700-teu ships will serve as feeder vesse...
2011-08-09 06:43:37
Vinalines first-ever loss [Shipping]
Vietnamese shipowner Vinalines posts its first ever loss in H1. The state-owned company’s boss Nguyen Canh Viet said the net deficit was VND 660bn ($32m) in the first half of 2011, the first red ink since it was founded 15 years ago. Viet said ...
2011-08-09 06:39:31
CSSC profit up [Finance]
China CSSC Holdings has managed to edge up profit in the first half of the year. The Shanghai-listed unit of China State Shipbuilding Corp (CSSC) said net income was up 2.7% at CNY 1.28bn ($199m). The company is a shipbuilder and a supplier o...
2011-08-09 06:36:50
US downgrade hits shipowners [Shipping]
US-listed shipping companies watched their stocks follow a broader market sell-off Monday as investors responded to the first-ever downgrade of US credit rating and fears of a global economic downturn. New York-listed tanker owner General Maritim...
2011-08-09 06:33:31
KORMARINE Opens Oct [General]
KORMARINE 2011 will be held at BEXCO, Busan, South Korea, from Oct 26th to 29th. KORMARINE 2011, with the title of 'Marine & Offshore,' is jointly hosted by The Korea Shipbuilders' Association and Korea Marine Equipment Association, etc. It will p...
2011-08-09 06:04:39
Japan steel dumping [Equipment]
Japanese steel companies are recently dumping export steel products, such as hot-rolled steel plate, thick plate, etc., to Korea. Exporting price is at most 30% lower than Japan's domestic price and South Korea's steel players are paying sharp attent...
2011-08-09 06:00:52
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