Scrapping higher than 2010 [General]
Scrapping of older ships has picked up this year, but as is indicated by a lackluster dry bulk market, it’s still far from enough to help alleviate the oversupply issues. Prices offered by scrap yards remain much higher than two years ago, when...
2011-05-12 07:11:07
IHC Merwede wins dredger [Equipment]
IHC Merwede has been awarded the contract to design and construct a backhoe dredger for the Panama Canal Authority (ACP). In its bid, IHC Merwede was successful against a strong field of international competitors. The contract is worth US$43 ...
2011-05-12 07:07:06
Hyundai-Vinashin celebrates 37K BC delivery [General]
At 10:30 on May 11, 2011, Hyundai-Vinashin Shipyard (HVS) celebrated the delivery signing ceremony at the reception room of main office building for Hull No.S029 (37,000-dwt bulk carrier) which has been named "Nord Auckland", the 3rd ship in the seri...
2011-05-12 07:04:40
China urged to scrap old ships [General]
Italian shipowners are urging China to take responsibility for the crippling effects overcapacity is having on chartering markets, particularly the dry sector, by introducing a system that for every ship its yards build another is scrapped, in bid to...
2011-05-12 07:01:50
Overcapacity to lead to price fall? [Shipbuilding]
As new ship orders appear to be slowing down following last year’s rebound and deliveries might have passed their peak, the challenge for shipbuilders in filling the expanded global capacity will begin to loom larger. The urgency is still a litt...
2011-05-12 06:58:02
VLCC rates fall 19% [Shipping]
Middle East to Asia spot rates for very large crude carriers declined 19% in April from the previous month, according to the latest monthly oil market report by the Organisation of the Petroleum Exporting Countries Spot rates for VLCCs loading fr...
2011-05-12 06:49:29
Maersk Q1 net soars 82% [Finance]
AP Moller-Maersk posted 82% increased first quarter profit of more than $1bn. But despite the stellar start to 2011 Maersk still believes its full-year profit will fail to match the dizzy heights of last year. Nils Andersen, CEO of AP Moller,...
2011-05-12 06:46:56
Longxue inks 115K Tankers [Shipbuilding]
CSSC Guangzhou Longxue Shipbuilding has signed a contract with compatriot Shanghai NorthSea Shipping to build a new 115,000-dwt tanker. Newbuilding price and delivery schedule are yet to be revealed. The shipbuilder has intellectual property ri...
2011-05-12 06:43:08
Hitachi net earnings jump [Finance]
Hitachi Zosen booked a better than expected final quarter to end the year on a high. The Japanese shipbuilder saw net profit rise to JPY 9.67bn during the year to 31 March, a big improvement on last year’s JPY 7.91bn The figure also meant H...
2011-05-12 06:37:38
Tsakos eyes LNG investment [Shipping]
Tsakos Energy Navigation is looking to boost its presence in the LNG market to cash in on a boom in the sector. New York-listed TEN, which presently has a solitary gas carrier, showed its hand as it wheeled out a stronger than expected set of fir...
2011-05-12 06:35:29
Start  Prev  3931  3932  3933  3934  3935  3936  3937  3938  3939  3940  Next  End
« 2024 - 7 »
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      
Most Read Articles
There is no data
Related Media News
Navy Chooses Evolution Over Re…
Women encouraged to take up sh…
$765M Research Vessel Highligh…
Latest NB Fixtures
STX, up to 3 tankers
DSME, 3 VLGCs
DSME, 10 VLCCs
Column/Contribution
Steps toward Operational Excellence in Shipbuilding: Elimina…
Reportage/Interview
[Interview: Danfoss Group] "NB market to be recovered"