Daewoo-Mangalia wins 9,000TEU's [Shipbuilding]
Daewoo-Mangalia Heavy Industries in Romania will build four 9,000-teu boxships for the Israeli Ofer Global Holdings group, under a contract of EUR 400 million, with the additional option of a further four ships. The ship construction will be comp...
2011-05-24 07:21:15
Sumitomo orders "CleanBallast" [Equipment]
Sumitomo Heavy Industries (SHI-ME) decides for the RWO ballast water treat-ment system. RWO Marine Water Technology, a part of Veolia Water Solutions & Technologies, has received an order for three of its ballast water treatment systems CleanBalla...
2011-05-24 07:14:21
ThyssenKrupp cancels subcontract [Equipment]
The HDW shipyard, part of Germany's ThyssenKrupp, has cancelled a subcontract for the delivery of two packages of equipment for two submarines being built for the Greek government at Hellenic Shipyards. A ThyssenKrupp spokeswoman said: “The sub...
2011-05-24 07:11:01
SFI secures newbuilding financing [Finance]
Ship Finance International has secured bank financing totalling $171m for its portfolio of seven handysize bulker newbuildings scheduled for delivery through to next year, and one 1,700 teu containership newbuilding delivered at the end of 2010. T...
2011-05-24 07:07:18
Seaspan raises $100m [Shipping]
Seaspan has topped up its cash position by more than $100m after pricing a supplementary tranche of perpetual preferred shares. Proceeds are to go towards general corporate purposes or vessel acquisitions, the prospectus said. Pending such use, th...
2011-05-24 07:04:03
STX VLCC cancelled [Shipbuilding]
Korea’s STX Offshore & Shipbuilding said in a regulatory filing yesterday that a domestic client, thought to be troubled KLC, has cancelled a VLCC due for delivery this month. The company said that the owner of the KRW 147bn ($134m) tanker was ...
2011-05-24 06:55:24
Ship prices won't fall further [Shipping]
Golden Ocean CEO Herman Billung believes the difficult dry-bulk market is set in for the next year and a half but owners hoping to pick up bargain newbuildings will be disappointed. Those looking to jump on distressed openings may also have to re...
2011-05-24 06:49:31
Brazil pumps $5bn into shipbuilders [Finance]
Brazil’s Merchant Marine Fund (FMM) has struck a tentative agreement to pump BRL 8.3bn ($5.1bn) into 237 domestic shipyard and ship construction projects over the next several years. Sources in the country say nearly half of economic stimulus d...
2011-05-24 06:44:40
NCC continues fleet growth [Shipping]
Norwegian Car Carriers will not be shifting its growth plans into neutral despite the Japanese tsunami causing havoc in the market. CEO Lars Solbakken says the company is combing the newbuilding and second hand scenes for openings and will add to ...
2011-05-24 06:39:15
Keppel wins $180m rig [Offshore]
Singapore's Keppel FELS has secured a $180 million contract to build a KFELS B Class jack-up drilling rig for Vision Drilling, a wholly-owned subsidiary of Dynamic Offshore Drilling Ltd of India. Slated for delivery from the shipyard in the first ...
2011-05-24 06:34:30
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