Hyundai good outlook in H2 [General]
South Korea's Hyundai Heavy Industries had rather disappointing earnings results in Q2, however, Hyundai would be able to recover in H2. Seoul-based Daewoo Securities reported to maintain target prices of KRW 667,000 ($632) and keep a buy recommendat...
2011-07-21 09:46:47
Siemens equips windfarm vessel [Offshore]
J. J. Sietas KG of Hamburg is the first German shipyard to build an installation vessel for the erection of offshore wind farms. Siemens Marine Solutions will supply the ship's diesel-electric propulsion and automation system as well as the mediu...
2011-07-21 07:38:08
Bohai to deliver mega BC [Shipbuilding]
China's Bohai Shipbuilding Heavy Industry will soon deliver its first mega bulk carrier to Berge Bulk, local media reported. The imminent arrival of the 388,000-dwt mega ship, Berge Everest, comes on the heels of the delivery of two similar sized ...
2011-07-21 07:36:51
Bangla shipbreaking halts again [General]
Prices of steel products are likely to soar in Bangladesh as the shipbreaking industry, the main source of the metal, is virtually out of operation for more than a year over environmental row, traders say. The shipbreaking was halted again for ind...
2011-07-21 07:31:37
Dry bulk rates fall further [Shipping]
The bulker market fell once again on Wednesday marking the ninth straight day of losses with Baltic Dry Index (BDI) down to 1,328. Once again it was the bigger ships which suffered the most. The Capesize segment fell by 0.96% to 1,886 points, whil...
2011-07-21 07:27:51
German welcome IMO new rule [Shipping]
Germany’s maritime players have embraced the International Maritime Organization’s decision last Friday on new regulations to reduce carbon dioxide emissions from shipping. The German shipbuilders’ association VSM and shipowners’ club VDR ...
2011-07-21 07:24:06
Chinese Occupy 40% of Newbuilds [Shipbuilding]
Chinese shipyards delivered 40% of newbuildings that entered service in the first half of 2011, at 30.1m dwt. A total of 76.9m dwt of new vessels entered service between January and June, which on an annualised basis puts deliveries in dwt terms o...
2011-07-21 07:19:37
Sungdong wins new cash [Finance]
South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering is to get new cash from its creditors. Korea Eximbank-led creditors group is reportedly lining up an additional cash injection of around hundreds of billion won (hundreds of milli...
2011-07-21 07:12:02
Boxship orders to hit 2m TEU [Equipment]
Containership owners retained the upper hand in the newbuilding market, a far cry from the trend seen in the tanker and bulker arenas. That has left shipbuilders eager to land orders from liner operators who have signed contracts worth billions of...
2011-07-21 06:58:41
Otto extends horizons [Offshore]
Otto Marine has bagged three new time-charter contracts worth $15m for offshore support vessels operated by Karp Marine. The three vessels include the 4,200-bhp Oranda 1 (built 2011) a work maintenance vessel, which has been chartered to Leighton ...
2011-07-21 06:50:53
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