Brazil funds new shipyard [Finance]
Brazil is investing $637m to fund a new shipyard for Venezuelan state oil company PDVSA. National development bank BNDES agreed the deal on Monday. Brazilian construction group Andrade Gutierrez will join PDVSA in building the facility on the...
2011-06-08 06:53:21
Cosco wins semi-sub barge [Shipbuilding]
Cosco Corporation (Singapore) has clinched an order for a semi-submersible barge worth $25.85m. The company said its Cosco (Zhoushan) Shipyard in China will build the ship for an unnamed south-east Asian company. The vessel will be 32,000 dwt...
2011-06-08 06:49:30
Samjin scores 4,700TEU's [Shipbuilding]
South Korean shipbuilder Samjin Shipbuilding Industries (SSI, CEO: Young IL Kang), located in Weihai, China, inked a newbuilding contract for two 4,700TEU class Container Carriers on June 3rd, the company revealed today. The shipowner is reported...
2011-06-07 11:48:11
Mitsubishi aims cruiseship order [Shipbuilding]
Mitsubishi Heavy Industries announced on June 6th a business plan that it will focus more on passengerships and offshore facilities. The Japanese shipbuilder intends to receive more orders for vessels capable of seismic data acquisition for sea bo...
2011-06-07 07:21:59
STX Marine designs two newbuilds [Equipment]
STX Marine reports that it will be providing the designs for two new contracts recently secured by Eastern Shipbuilding Group in Panama City, Fla. The first contract is for a 310 ft multi-purpose light construction vessel for Harvey Gulf Internati...
2011-06-07 06:51:13
Brazilian President develops shipbuilding [Offshore]
The president of Brazil, Dilma Rousseff, promised to push forward the development of shipbuilding and, in turn, to promote the creation of an industry of parts and equipment for the sector. Rousseff made her commitment at the inauguration ceremony...
2011-06-07 06:46:39
Suezmax earnings plummet [Shipping]
Time charter equivalent earnings on the suezmax benchmark West Africa to US Atlantic coast route have fallen below $10,000 per day for the first time since January 2011. Chartering activity slowed significantly after oil companies and traders took...
2011-06-07 06:41:42
Australia eyes top LNG supplier [General]
Australia could overtake Qatar as the world’s leading supplier of liquefied natural gas. Australia’s LNG exports will be driven by its unconventional source of gas called coalbed methane, said International Energy Agency chief economist Fatih ...
2011-06-07 06:38:28
Scrapping goes on despite monsoons [General]
Large bulk carriers are continuing to be sold for demolition at strong rates, despite the onset of the monsoon season. The vessels were sold into Bangladesh and India at prices in the low to mid $500s per ldt, above the current $500 per ldt benchm...
2011-06-07 06:35:07
Cape slow-steaming helps [Shipping]
Slow-steaming by capesize owners may have laid the first seed of hope in the struggling market. Owners have throttled the ships back to an average of 10.4 knots, down from 13 knots since the trough began, according to a study by the Oslo-based bro...
2011-06-07 06:30:53
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