Boxship order being delayed [Shipbuilding]
Boxship newbuilding projects are being placed on ice as freight rates on key routes weaken by the day and banks stay away from the market. After a strong first half, 2011 looked to be on course for a near record year in terms of the amount of mone...
2011-07-25 07:46:51
Shipowners angry at cargo owners [Shipping]
Chinese Shipowners Association has spoken out on the devastating impact that fleets owned by mining companies will have on the maritime industry’s livelihood, confirming that such companies will face fierce objection from the commodity-hungry count...
2011-07-25 07:40:14
Wet & Dry All Down [Shipping]
Clarkson Capital Markets takes a red pen to its tanker and dry-cargo rate forecasts. Michael Pak, an analyst for Clarkson Capital, said: “Despite a relatively positive shipping demand picture, overwhelming vessel deliveries and negative sentime...
2011-07-25 07:34:52
Bharati net profit down [Finance]
Bharati Shipyard slipped on annual net profit despite a gain in revenue for its financial year ended 31 March 2011. The Mumbai-listed firm posted an annual net profit of INR1.13bn ($25.53m) compared to INR1.39bn in the previous financial year. ...
2011-07-25 07:30:21
Kitanihon inks 28K BCs [General]
Japan's Kitanihon Shipbuilding has won the first new order after the earthquake catastrophe. Taiwanese shipowner booked two 28,000-dwt bulkers at the yard which specializes in chemical tankers.
2011-07-25 07:26:36
S&M in Crisis [Finance]
South Korean Small and Midsize (S&M) shipyards are still struggling to get out of the slump while the country's large shipbuilders won a bulk of new orders in the first half of the year, helping South Korea to reclaim the world No. 1 shipbuilding nat...
2011-07-25 07:13:48
Shipbuilding Boom in Africa [Shipbuilding]
South Korean shipbuilders spur in entering African market, which is one of emerging countries with abundant natural resources. Hyundai Heavy Industries is planning to construct offshore-plant factories in Nigeria and Daewoo Shipbuilding & Marine E...
2011-07-25 07:00:10
Hyundai doubles orders [Shipbuilding]
South Korea's Hyundai Heavy Industries announced that new order for shipbuilding in H1 has increased over twice as much as the same period last year, to $8.52bn. Hyundai won $1.26bn orders of four containerships, one oil-tanker, two LNG carriers, ...
2011-07-25 06:53:42
POSCO, not interested in Daewoo [Finance]
POSCO, the world's third-biggest steelmaker, said on Friday that it was not interested in buying Daewoo Shipbuilding & Marine Engineering. "Daewoo Shipbuilding is out of our interest," POSCO CFO Choi Jong-tae told analysts. POSCO was named one ...
2011-07-25 06:49:23
Ananda launches largest ship [General]
Ananda Shipyard and Slipways Limited (ASSL) formally launched a Tk 940 million seagoing multi-purpose vessel, Enzian, for exporting to Germany. The 110 metres long, 16.5 metres wide and 8.20 metres deep ship, the largest locally made vessel built ...
2011-07-25 06:47:47
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