ABS new Offshore Technology Center in China [Offshore]
Classification society ABS and its Chinese partner have jointly established a new center to focus on technological research for offshore facilities. ABS and Shanghai's Jiaotong University (SJTU) have set up the ABS China Offshore Technology Cente...
2011-05-06 07:42:22
Seaspan in final talks [Shipbuilding]
Canada's containership owner Seaspan confirmed it is in discussion with South Korean and Chinese shipyards about further newbuilding orders following the letter of intent signed in February in China for a series of 10,000 teu ships. Seaspan, which...
2011-05-06 07:38:04
Bharati secures site for new yard [General]
India's Bharati Shipyard has finally broken the stalemate on land acquisition for its new yard in West Bengal. The company, in partnership with the Apeejay Group, had been frustrated in its ambitions for two and a half years. But now the vent...
2011-05-06 07:31:34
Tanker firms merger [Shipping]
Greek shipowner Evangelos Marinakis on Thursday unveiled a plan to merge his two public companies Capital Product Partners (CPLP) and Crude Carriers Corp. Nasdaq-listed CPLP says it will be the surviving entity when it seals the unit for sale dea...
2011-05-06 07:28:14
Seaspan back into profit [Finance]
New York-listed containership owner Seaspan Corporation has returned to profit in the first quarter. The company said it made $50.55m to 31 March on a net basis, from a loss of $36.61m in the same three months of 2010. Revenue grew to $121m from ...
2011-05-06 07:22:37
"Dock-empty" Hanjin to soar [Shipbuilding]
According to some analysis, Hanjin Heavy Industries & Construction's Youngdo Shipyard is expected to decrease in sales, but sales for the whole shipbuilding sector of the company are increasing. Gwang-sik Choi at the LIG Investment & Securities e...
2011-05-06 07:18:23
S&M in severe "order drought" [Shipbuilding]
As the shipbuilding industry seeks to be high quality and large, South Korea's small and medium-sized (S&M) shipbuilders suffer from severe order drought. As of the end of April, new orders for drillships totaled 21 this year, a drastic increase f...
2011-05-06 07:07:11
Bangladesh yards' uncertainty continues [General]
Bangladesh demolition sector was again plunged into uncertainty last week on news that the recent court order allowing yards to reopen was only temporary. According to local reports, Chittagong yards may have to go back to court to secure permissi...
2011-05-05 07:35:25
STX Finland management shake-up [General]
The acting President and Chairman of STX Finland, Mr. Su-Jou Kim, has decided to reorganize STX Finland´s management group to improve the efficiency, synergies and competitiveness of STX Finland. The shake-up comes two weeks after Mr. Kim, who i...
2011-05-05 07:31:24
Orders plunge for tanker & bulker [Shipbuilding]
Since the beginning of 2011, there has been a significant drop in ordering levels for sectors such as the dry bulk and wet markets compared to last year. “By this point in 2010, we had already seen over 94 new orders in the wet sector compared ...
2011-05-05 07:28:15
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