Hyundai inks VLGC [Shipbuilding]
Norway’s Solvang has confirmed an order for a VLGC at South Korea’s Hyundai Heavy Industries. In a filing to the Oslo exchange, the company said the 84,000-cbm LPG carrier will be delivered in the third quarter of 2013, without giving a price...
2011-06-14 07:12:26
Daewoo gets "Aggressive" [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering is to be commissioned to manage Daehan Shipbuilding for the next three years since next month and this would likely give Deawoo wings in its aggressive management. Daehan's main creditor bank Korea Developm...
2011-06-13 12:15:52
Vinashin may lose $1bn more [General]
A state-owned shipbuilder whose debts have threatened Vietnam's global financial reputation could lose almost $1bn more because of penalties on unfulfilled contracts, a report said. Government inspectors issued the warning after examining more tha...
2011-06-13 08:13:24
Eisa offers lowest price for PC's [Equipment]
Transpetro has classified the commercial proposals received for the construction of eight product carriers under the Fleet Modernization and Expansion Program (Promef). The lowest prices were presented by Estaleiro Ilha S.A. (Eisa), followed by E...
2011-06-13 08:09:51
Chinese move into larger boxships [Shipbuilding]
Yangzijiang Shipbuilding’s $700m order for seven 10,000 teu containerships from Seaspan, with options for 18 more, could signal the start of a major shift in boxship building from South Korea to China. Yangzijiang chairman Ren Yuanlin said the ...
2011-06-13 08:03:45
Cape scrapping hits record [General]
Slumped freight rates lifted capesize scrapping to a record high in the first five months of 2011. It counts 35 ships from the sector heading to the breakers beaches between January and the close of May, smashing the previous benchmark set 15 yea...
2011-06-13 07:56:09
Yangzijiang-Seaspan $2.5bn swoop [Shipping]
Yangzijiang Shipbuilding’s huge newbuilding deal with Seaspan has won praise on both sides of the Pacific. Analysts in Hong Kong have applauded the development for the shipyard, while in the US Seaspan watchers feel it will help bring a boost t...
2011-06-13 07:53:17
STX sticks to cape trio [Finance]
STX Pan Ocean has poured cold water on rumours it is looking to run away from a trio of newbuildings. Singapore and Seoul-listed STX Pan Ocean set up new special purpose vehicles to take care of the financing of three unidentified vessels last we...
2011-06-13 07:48:03
Chinese inks 28K BC's [Shipping]
Zhejiang Changhong Shipbuilding has secured an order for two 28,000-dwt ships from China Changjiang Shipping Group Phoenix (CSC Phoenix). According to market sources, CSC Phoenix is scheduled to take delivery in May and August next year. The ...
2011-06-13 07:43:45
GSI to book 53K PC's [Shipbuilding]
Hong Kong-listed Guangzhou Shipyard International (GSI) of China is reportedly in the process of winning up to two 53,000-dwt products tankers from Swedish owner Rederi AB Gotland. The contract is said to include one firm vessel with an option fo...
2011-06-13 07:39:54
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