Newbuild price hits highest [Shipbuilding]
Newbuilding price index hit the highest point since the turn of this year, swelling expectations on recovery. According to the latest monthly report released by Clarkson Research Services, newbuilding price index rose to 142.1 point as of May end....
2011-06-22 07:46:01
Samho applies for receivership [Finance]
South Korean shipbuilder Samho Shipbuilding, based in Tongyoung, has filed in company rehabilitation procedure (court receivership), it was revealed on June 21st by local court. Samho went bankrupt last month as it faced severe financial difficult...
2011-06-22 07:28:26
Daewoo approves Daehan management [Finance]
South Korea's Daewoo Shipbuilding & Marine Engineering board of directors formally approved on June 21st its decision to manage compatriot Daehan Shipbuilding on consignment basis, which is seen as an early stage of M&A in effect. Daewoo will be g...
2011-06-22 07:20:31
ABG $300m shipowning move [Shipping]
India's ABG Shipyard plans to invest further in shipowning. CFO Dhananjay Datar told the Wall Street Journal the company has $300m earmarked for investment in its fleet. “We remain very bullish on the offshore and specialized shipping secto...
2011-06-22 07:05:21
DSIC wins 75K LR1's [Shipbuilding]
Denmark's start-up tanker company Tankers Inc (TI) has contracted its first newbuildings in China. The company, set up in August 2010, booked two 75,000-dwt LR1 products tankers at Dalian Shipbuilding Industry Co (DSIC) for delivery in 2013. Th...
2011-06-22 07:01:22
Graig supervising Chinese newbuilds [Shipping]
Graig China has been appointed by SITC Development Group to supervise the building of a 76,000 dwt bulk carrier and three 1,100teu containership newbuildings at China Yang Fan shipyard. Under the agreement signed on 15th June 2011 GCL will also p...
2011-06-21 07:54:57
Aker provides drilling package for Daewoo [Offshore]
Aker Solutions has won a contract from Daewoo Shipbuilding & Marine Engineering to supply a complete drilling equipment package for a new deepwater drillship. The contract is worth about NOK 540 million. The drillship will be owned and operated by...
2011-06-21 07:51:55
OceanSaver wins BWTS orders [Equipment]
Two Suezmax tankers and four bulkers being built for Ciner Shipping Industry & Trading are to have Ocean Saver Mark II ballast water treatment systems. The suezmax tankers are being built at China's Bohai Shipbuilding Heavy Industry and the four bulk...
2011-06-21 07:46:45
23 Cruiseship Orders Coming [Offshore]
The European cruise industry was commended at the European Cruise Council’s (ECC) fifth annual conference by Siim Kallas, EU Vice-President and Transport Commissioner, as a key driver in Europe’s economic recovery with high safety and environment...
2011-06-21 07:41:58
Chinese interested in 3. Maj [Equipment]
A delegation of Chinese investors have expressed interest in acquiring Rijeka’s 3. Maj shipyard, planning to invest some 63.8 million Euros. Although aware that the Croatian government has already selected the buyer – Zagreb-based Jadransk...
2011-06-21 07:37:02
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