STX bullish on orders & results [Finance]
STX Offshore & Shipbuilding is expected to beef up new orders and achieve better business results. Korea Investment & Securities analyst Park Min said on 15th, "We have conservative perspective on shipbuilding stocks but it's positive for STX." ...
2011-06-15 12:48:08
Boxship Prices Rising [Shipbuilding]
Newbuilding prices for large containerships rose for the second consecutive month and South Korean shipbuilding stocks are recommended by local analysts. IBK Investment Securities analyst Park Seung-hyun said on 15th that new order intake momentum...
2011-06-15 12:24:41
RS classes LNG carriers [Shipping]
Russian Maritime Register of Shipping (RS) will class two LNG carriers, ordered by Sovcomflot at STX Offshore & Shipbuilding in South Korea. A series of two membrane 170,000 cu m capacity LNG carriers for the charterer Gazprom Global LNG (a Gazpro...
2011-06-15 08:34:40
Thoresen renegotiates Vinashin order [Finance]
Thoresen Thai Agencies has renegotiated its newbuildings on order at Vietnam’s financially-troubled Vinashin, reducing three handymax orders into two, according to industry sources. TTA would not confirm details of the order conversion, but executi...
2011-06-15 08:30:13
Cochin workers demand higher pay [Finance]
Cochin Shipyard management is criticizing its striking workers for making unreasonable pay demands. Company secretary Smt Kala has also expressed concerns the walkout, which began two weeks ago, is harming the image of the listed company. She...
2011-06-15 08:22:19
Mosvold may cancel two more [Offshore]
Norway’s Mosvold appears to be cancelling two more large anchor handler newbuildings from Singapore shipbuilder Otto Marine. The shipowner has already ditched two of the four ships it ordered from Otto’s Batamec shipyard in Indonesia in 2007 ...
2011-06-15 08:18:59
Navios to order PCs for Petrobras [Shipping]
Navios South American Logistics is proceeding with a series of 15-year charter contracts with Petrobras. Montevideo, Uruguay-based Navios Logistics, a subsidiary of Angeliki Frangou’s Navios Maritime Holdings, says it has secured an option to ax...
2011-06-15 08:14:13
Vroon books wind farm vessels [Offshore]
Vroon Group subsidiary MPI Workboats of the U.K. has placed an order for two additional offshore wind farm service vessels. They will be built at the South Boats Medina Shipyard on the Isle of Wight, U.K. and, when delivered next year, will bring...
2011-06-15 08:08:31
Gibdock wins PSV conversion [Offshore]
Norway's Solstad Offshore has returned to Gibraltar shipyard Gibdock for the conversion of the platform support vessel Normand Vester. This work will prepare the vessel for a new role, under a four year charter that Solstad has recently agreed wi...
2011-06-15 08:05:47
ST Marine in legal dispute [General]
Singapore Technologies Marine is facing a legal dispute involving the collapse of $140m newbuilding order penned by Louis Dreyfus Armateurs (LDA) of France. Singapore-listed ST Marine says LDA’s legal team has served up a letter of claim dated 10 J...
2011-06-15 08:02:41
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