DHT swoops on Saga [Shipping]
DHT Holdings, Inc. is to offer to acquire all of the shares of Saga Tankers ASA ("Saga"). The Board of Directors of Saga has agreed to recommend the DHT offer to its shareholders. The boards of the two companies have entered into an agreement that...
2011-06-02 02:45:56
MAN extends ultra-long-stroke program [Equipment]
MAN Diesel & Turbo is adding more bore sizes to its ultra-long-stroke engine program. The updated program supplements the G80ME-C9 engine, introduced in October 2010, with G70ME-C9, G60 ME-C9 and G50ME-B9 engines. The G-types have designs that fol...
2011-06-02 02:43:29
Sinopacific braces for rising cost [Equipment]
China's privately-run Sinopacific Shipbuilding Group is bracing itself for rising steel prices and has implemented strict cost control measures. Chinese firms Angang Steel and Baosteel have been continually adjusting their ship plate prices upwar...
2011-06-02 02:42:06
ST Marine wins new orders [Offshore]
ST Marine has won three contracts for newbuilding, repair and conversion, including various orders for an existing repair project. VT Halter Marine, a US arm of ST Marine, has received a new contract to build an Articulated Tug Barge Offshore Tug ...
2011-06-02 02:39:18
Bergen Shake-Up [General]
Bergen Group suffered a double blow when it lost its two most senior executives. The Oslo-listed company’s chief executive and chief financial officers have both left for new pastures. Chief executive Pal Engebretsen resigned after a disagr...
2011-06-02 02:36:30
KFC provides green-ship financing [Finance]
Korea Finance Corporation has pledged $46m to global shipowners in the form of lower interest rates on loans this year under a new plan to boost shipping designs that help reduce CO2 emissions. To obtain the loans to build new ships, owners will have...
2011-06-02 02:33:15
Japan finances Greek newbuilds [Finance]
Safe Bulkers has secured fresh financing from Japan to fund the purchase of three Japanese-built post-panamax bulkers. It has entered into three credit agreements with Japanese governmental financial institutions worth $122.4m to fund the previous...
2011-06-02 02:28:36
Fincantieri pens cruiseship [Offshore]
Italian shipbuilder Fincantieri has won a EUR 559m ($805m) order for a 141,000-tonne cruiseship. Cruise giant Carnival Corp has ordered a new 141,000gt cruiseship for its P&O Cruises brand with delivery set for March 2015. For Fincantieri, the ...
2011-06-02 02:16:59
SLS reborn as SHINAsb [Shipbuilding]
SLS Shipbuilding, South Korean shipbuilder of middle standing, has changed its corporate name to SHINAsb. SHINAsb said Wednesday that it held a new vision announcement ceremony and an inaugural ceremony for new representative director Kim Young-gu...
2011-06-02 02:06:05
STX wins Sovcomflot LNG carriers [Shipbuilding]
STX Offshore & Shipbuilding penned $550m contracts for newbuildings in a single day. The South Korean shipbuilder said on Wednesday that it inked a $400m contract to build two 170,200㎥ membrane-type LNG carriers for Russia's SCF Sovcomflot on Ma...
2011-06-01 12:42:03
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