China first exports LNG carriers [General]
China, one of the world's biggest shipbuilding nations, has moved into the top ranks of the business by winning its first overseas order for LNG carriers. Shanghai's Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corp, sign...
2011-07-22 08:44:21
Vinalines builds repair yard [General]
Vietnam's state-owned shipping company Vinalines has started work on a new shiprepair yard in the south of Vietnam. The plant will handle vessels of up to 100,000 dwt in the province of Ba Ria-Vung Tau. The shipowner’s estimated cost is VND...
2011-07-22 08:38:18
Polarcus bags loan [Finance]
Dubai offshore shipowner Polarcus has fixed up a new loan worth $410m. The lenders are DnB Nor, DBV, GIEK and Eksportfinans. The seismic survey vessel owner said the facility has been arranged on “attractive terms” and “significantly im...
2011-07-22 08:34:55
Spain yards face EC probe [Finance]
Concern is growing that commercial shipbuilding in Spain could be killed by a European Commission (EC) probe into the country’s tax-lease system. Already, Spain’s largest private shipbuilder, Hijos de J Barreras, is at a standstill and is sai...
2011-07-22 08:32:59
Chinese eyes demolition & newbuilds [General]
A leading Chinese ship-demolition player Xiagang Changjiang Ship Recycling Yard is making an entry into shiprepair and newbuildings by taking over a collapsed Sino-Japanese yard Tsuji Heavy Industries Zhoushan. Industry players say Jiangyin-based...
2011-07-22 08:26:49
BG delays LNG carrier order [Offshore]
BG Group is delaying making decision on plans to order several LNG-carrier newbuildings in China. BG had been expected to start making a move on orders for at least two vessels at Chinese shipyards after sealing a huge 3.6-million-tonne-per-annum...
2011-07-22 08:18:26
Dubai yard wins newbuilds [Offshore]
Dubai-based Grandweld Shipyard won an order for six 58-metre seismic-support vessels from Frence's Bourbon. Bourbon holds options for two further vessels. The ships are being built to a custom design drawn up by OSD-IMT, the UK arm of Offshore Sh...
2011-07-22 08:11:17
HMM to order 13,000TEU's [Shipping]
Seoul-based Hyundai Merchant Marine (HMM) is seeking to charter in five newbuildings of 4,700 teu to 5,000 teu and at the same time place an order for five 13,000-teu or larger vessels. “The bigger ships — possibly of 13,000 teu to 14,000...
2011-07-22 08:08:09
Tanker faces order slump [Shipping]
The slump in new tanker orders shows no sign of easing worldwide. Clarkson Research Services’ latest figures reveal only five tankers contracted in June the lowest level since March, when only two newbuildings were booked. Orders are down 82...
2011-07-22 08:02:47
Hyundai Samho pens 5,000TEU's [Shipbuilding]
Hyundai Samho Heavy Industries in South Korea is said to have won an order for up to four 5,000-teu containerships from Greek tanker and bulker owner Thenamaris. They will be powered by special slow-steaming engines contracted from MAN Diesel & T...
2011-07-22 07:55:32
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