Sinopacific Zheijang delivers IMR [Offshore]
The Ungundja, the first of 10 DP-3, 100-meter GPA 696 IMR (Inspection, Maintenance & Repair) vessels, was recently delivered by China's Zheijang Shipyard, part of the Sinopacific Shipbuilding Group, to Paris-based Bourbon Offshore. Classed by Bure...
2011-07-27 08:02:14
Demolition increases 219% [General]
Demolition activity numbers have been piling up across the board since the beginning of the year, helping to ease up oversupply problems as much as possible, though, as evidenced by depressed freight rates, still not to much success. According to...
2011-07-27 07:59:53
K Line, LNG-powered PCC [Equipment]
Kawasaki Kisen Kaisha Ltd. on Monday unveiled plans to develop a car carrier that uses liquefied natural gas as fuel and is expected to cut carbon dioxide emissions 40% over vessels running on fuel oil. The marine shipper will develop the carrier ...
2011-07-27 07:55:58
RINA addresses nickel ore bulker losses [Equipment]
Italy's classification society RINA has established rigorous design standards for the modification or newbuilding of dry bulk cargo carriers to enable them to carry fine ores safely at any moisture content. A number of recent bulker losses have been ...
2011-07-27 07:53:02
Korea follows suit: IMO [Shipbuilding]
South Korean government is to introduce laws enforcing eco-friendly ship construction in the country after International Maritime Organization's recent decision to adopt Energy Efficiency Design Index. The Ministry of Land, Transport and Maritime ...
2011-07-27 07:46:33
Korea eyes ECO-ship boom [Shipbuilding]
South Korea's shipbuilding industry is prospected to make bigger gap from China and Japan with high-value technology for eco-friendly ships. International Maritime Organization has decided to introduce Energy Efficiency Design Index (EEDI) on new ...
2011-07-27 07:30:13
Boxship rates plummet [Shipping]
Containership charter market is starting to suffer from the effects of low freight rates and overcapacity. Charter rates have fallen sharply in the last few weeks as surplus capacity mounts due to operators cutting services and becoming more cauti...
2011-07-27 07:23:21
Petrobras delays LNG-FPSO [Offshore]
Brazil's Petrobras has stated floating liquefied natural gas (FLNG) terminals will not be used in the first round of development of the country’s pre-salt fields. “A decision has already been made, [FLNG terminals] will not be used now,” Do...
2011-07-27 07:18:33
BG to order more FPSOs [Offshore]
BG and Petrobras are on the verge of inking two more floating production storage & offloading newbuildings. UK energy giant BG Group, which is in a consortium headed by Petrobras, indicated the group may even be mulling additional FPSO tonnage on ...
2011-07-27 07:15:19
Bulkers' similar returns [Shipping]
US bank Cantor Fitzgerald expects capesize bulkers — the largest in the dry bulk fleet at over 100,000 dwt — to earn just $12,000 per day in 2011, the same as handymax bulkers of just 40,000-59,999 dwt, while handysizes of around 30,000 d...
2011-07-27 07:09:32
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