LNG Newbuilding 'Back to Life' [Offshore]
With 15 new LNG carrier orders already booked around the world, LNG newbuilding market is expected to revive fully this year as additional orders are forecast to follow one after another down the road. South Korea's Samsung Heavy Industries is the...
2011-05-18 12:50:15
Korea-China bisect orders [Shipbuilding]
A total of 93 ordinary commercial ships, namely bulkers, containerships and tankers (including options) were contracted around the world in April. South Korean shipbuilders took 43 ships of them, just ahead of Chinese rivals which won 40-ship orde...
2011-05-18 12:17:44
Boxship orders continue [Shipbuilding]
With global trade now on a solid recovery path, containership owners have been investing heavily in new vessels. Latest weekly report from Clarksons says, “In a move away from recent patterns the containership orders placed this week have been ...
2011-05-18 07:58:58
Baku Shipyard works underway [General]
Plans for a major new shipyard at Baku, in Azerbaijan, are underway, with the new facility expected to be fully operational in June 2013. The newbuilding and repair yard, called the Baku Shipyard Factory, is a JV between SOCAR (State Oil Company ...
2011-05-18 07:49:37
Diamond drillships fixed [Offshore]
Diamond Offshore Drilling, Inc. announced on May 17th that a subsidiary of the Company has entered into two term drilling contracts with Anadarko Petroleum Corporation. The contracts, which will utilize Diamond Offshore's two new-build drillships...
2011-05-18 07:45:01
BV Stresses Efficiency [Shipping]
French classification society has called on the shipping industry to take on board an expanded definition of what constitutes operational efficiency. “Efficiency has to take on a new meaning,” said Bernard Anne, managing director of the marine...
2011-05-18 07:41:14
Owners lured to scrap sales [General]
Dry bulk shipowners are becoming increasingly interested in demolition market, as current scrap prices of more than $500 per ldt provide healthy returns on elderly tonnage. Prices achieved can even allow some owners to walk away with cash that can...
2011-05-18 07:35:45
LPG carrier "favourable" [Shipping]
Volatility in the dry bulk and crude oil tanker segments is “far higher” than in LPG shipping, Greece’s StealthGas claims. Handysize LPG carriers can now earn around $7,000 per day, as much as a 300,000 dwt very large crude carrier or a 180,...
2011-05-18 07:20:49
Teekay eyes LNG vessels [Offshore]
Teekay LNG Partners is pursuing a variety of growth opportunities in the LNG sector with its total liquidity of around $600m. The New York Stock Exchange-listed company has already agreed to buy a 33% interest in four LNG carrier newbuildings, whi...
2011-05-18 07:15:15
Liners raided by EC [Finance]
Brussels has launched surprise raids at Europe's largest container lines on Tuesday as it kicked off a huge price fixing investigation. European Commission investigators have begun riffling through documents at AP Moller-Maersk, CMA CGM, Hapag-Ll...
2011-05-18 07:07:03
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