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Offshore
Shipbuilding
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Secondhand values plunge
[Shipping]
Large bulkers have seen the largest fall in secondhand values over the past year. Prices for a five-year-old capesize have fallen 27% in the past twelve months to $44.6m, according to the latest Baltic Sale & Purchase Assessment. However, val...
2011-05-18 07:02:00
Mitsui reveals mid-term plan
[Finance]
Mitsui Engineering & Shipbuilding has fixed its operating profit target for 2014 at JPY 25bn ($308m). The Japanese shipbuilder also said it planned to post revenue of JPY 730bn by March of that year, according to its mid-term business plan. Mi...
2011-05-18 06:55:39
Radiation detected on car carrier
[General]
Maltese port officials have detected a minimal amount of radioactive contamination on vehicles brought to the island by a car carrier. The 5,213-car-capacity Pleiades Spirit (built 2008) was checked on Saturday. Out of 105 vehicles on board, only...
2011-05-18 06:52:01
Croatian plans yard buys
[Shipbuilding]
Croatian businessman Danko Koncar is still committed to buying domestic shipyards, but says he might shift some operations to China. The London-based tycoon told Croatian national TV that he is still interested in buying the 3. Maj, Kraljevica an...
2011-05-18 06:48:31
Japanese win 22-ship orders
[Shipbuilding]
Japanese shipbuilders won a total of 22 ship export orders in April but the new flow of orders may not be enough to reverse the decline in the country’s export ship orderbook. According to statistics from the Japan Ship Exporters’ Association,...
2011-05-18 06:43:03
Petrobras 7 drillships owned by Sete
[Offshore]
A newly formed company, Sete Brasil S.A. (Sete BR), São Paulo, Brazil, will own and manage seven offshore drillships that will be built at Brazil’s Estaleiro Atlântico Sul (EAS) shipyard, according to an announcement by oil giant Petro...
2011-05-18 06:30:05
Samjin signs 14-ships
[Shipbuilding]
South Korean shipbuilder Samjin Shipbuilding Industries Co., Ltd. (Chairman & CEO: Young Il Kang) located in Weihai China has accomplished splendid feat by winning 10 newbuilding contracts solely in April including 6 units of DWT 36K Bulk Carriers an...
2011-05-17 13:07:58
Hyundai inks 6 shuttle tankers
[Shipbuilding]
Hyundai Heavy Industries has won an additional shuttle tanker newbuilding order from Knutsen NYK Offshore Tankers, where Japan's Nippon Yusen Kabushiki (NYK) took stakes last year. The owner booked one firm and two optional aframax class 123,000 d...
2011-05-17 12:58:52
SLS delivers 44K PC's
[Shipping]
SLS Shipbuilding of South Korea said on May 16 that it on May 13 delivered S489, one of the two "resale ships" Odfjell of Norway placed an order for at the end of last year. SLS's executives and staffs including SLS new CEO Kim Young-gook and i...
2011-05-17 12:12:20
Daewoo expects $1.2bn submarine order
[Offshore]
International tender results of the Indonesian government's submarine project will be announced next month. Daewoo Shipbuilding & Marine Engineering of South Korea raises hopes for a Korean shipbuilder exporting its first submarine. Daewoo is bel...
2011-05-17 12:09:12
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