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Offshore
Shipbuilding
Equipment
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Shipping
General
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Photo News
d’Amico $310m fleet expansion
[Shipping]
The Dublin-based international shipping company, The d’Amico Group has confirmed its intentions to expand its fleet with the delivery of two new handy-size dry-bulk vessels worth around US $60 million from one of the world’s major shipbuilders, H...
2011-05-17 07:30:44
Russia backs shipbuilding in Far East
[Shipbuilding]
Russia will prepare a law to support shipbuilding industry in Far East by this week, Vice Prime Minister Sergey Ivanov said Sunday while inspecting the construction of maritime terminal on Kunashir Island. According to the RIA Novosti report, the...
2011-05-17 07:26:03
Hamworthy wins FPSO IGS order
[Equipment]
Hamworthy has won a major contract from Hyundai Heavy Industries (HHI) to supply a complete inert gas generator system, as part of the shipbuilder's latest Floating Production Storage and Offloading (FPSO) newbuild contract. The contract calls for...
2011-05-17 07:23:51
Rongsheng tumbles on downbeat view
[General]
Shares in China's Rongsheng Heavy Industry, the largest privately-owned shipyard in China in terms of tonnage on order, fell 7.4% to HK$5.64 ($0.72) on the Hong Kong exchange yesterday, the biggest drop in price since the company first listed in Nove...
2011-05-17 07:21:49
Bharati annual profit falls
[Finance]
India’s Bharati Shipyard has produced better fourth quarter profit, but its annual result fell. The shipbuilder said net earnings were INR 382.3m ($8.48m) in the three months to 31 March, against INR 355.7m a year ago. Revenue was INR 3.46bn, u...
2011-05-17 07:17:35
Hoegh LNG listing impending
[Shipping]
Hoegh LNG is expecting to take up a full listing in Oslo within the next month. It has filed an application to join the city’s stock exchange as it presses on with a $225m private placement. Chairman Morten Hoegh, said in a statement: "List...
2011-05-17 07:15:04
Hapag wins huge ship loan
[Finance]
Germany’s Hapag-Lloyd has tied up a financing deal worth $925m to fund its mega-boxship newbuildings in Korea. The secured debt has been arranged by Citibank, Deutsche Bank, HSBC, KfW IPEX-Bank and UniCredit Bank. The cash will be used to f...
2011-05-17 06:59:28
Cape scrapping speeds up
[General]
Capesize bulker scrapping is accelerating worldwide this year as scrap price hovers around historic high and the severe slump in shipping market continues. The number of capesizes sold for demolition so far this year stands at over 30 and industry...
2011-05-17 06:56:53
Yangzijiang builds largest dock
[Equipment]
Yangzijiang Shipbuilding (Holdings) is set to own the largest dry dock in China as the Singapore-listed company, which holds a 60% stake in Yangzi Xinfu Shipbuilding, is building a 543-metre-by-147-metre dock that will be ready from 2013. Industr...
2011-05-17 06:29:00
Daewoo denies VLCC sale rumor
[General]
Daewoo Shipbuilding & Marine Engineering denies that two VLCCs it co-owns with collapsed Korea Line Corp have been sold. According to market sources, DK Maritime — the joint venture between Daewoo Shipbuilding & Marine Engineering and Korea...
2011-05-17 06:24:43
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