CSAV falls deeper in Q1 [Finance]
Chilean container line CSAV slumped to a huge loss in the first quarter of the year. Profit during the period plummeted to a $186m deficit compared to the $38m hit it took last year. But sales rose 37% to just over $1.5bn from $1.1bn last year th...
2011-05-04 07:27:19
Awilco to fund Daewoo LNG newbuilds [Finance]
Anders Wilhelmsen's Awilco is lining up an initial public offering for its LNG division. Norway’s Awilco LNG is looking to raise between $120m and $150m from a private placement ahead of taking up a listing on the Oslo Axess. It will use the ca...
2011-05-04 07:21:34
Globus snatches at pax. [Shipping]
Greek shipowner Globus Maritime has picked up a modern panamax for $31.4m. Nasdaq-listed Globus says the 74,432-dwt vessel, which rolled out of China’s Hudong-Zhonghua Shipbuilding in November 2005, will join its fleet in the third quarter of t...
2011-05-04 07:09:46
Panamax scraps for $535/ldt [General]
Athenian Ship Management of Greece appears to be about to sell its oldest panamax bulker for scrap. Brokers say the Athens-based owner is in talks with a cash buyer that is looking to demolish the 63,100-dwt Tina M (built 1982). It is believe...
2011-05-04 07:05:44
Daewoo scores more LNG carriers [Shipbuilding]
Greece's Angelicoussis Shipping Group has reached agreements with South Korea's Daewoo Shipbuilding & Marine Engineering to convert another two VLCC contracts to orders for LNG carriers. The deal brings to three the number of new LNG carriers for ...
2011-05-04 06:59:52
"Big 3" orders to near record high [Shipbuilding]
Daishin Securities predicted on May 3 that order values clinched by South Korea's three major shipbuilders are expected to arrive at the level of 2007, the industry's peak, and maintained "overweight" for the three shipbuilders. Jae-cheon Jeon,...
2011-05-04 06:27:12
60 LNG carriers set to be booked [Shipbuilding]
"Orders for LNG carriers, which have been sluggish until last year, are expected to be placed in full swing from this year. And we raise our evaluation to "overweight" on shipbuilding stocks, the Taurus Investment & Securities Co., LTD. said on May 3...
2011-05-04 06:20:01
Boxship deliveries jump [Shipping]
In April, a total of 32 containerships with capacity of a combined 226,500TEU were newly built, the highest figure by month. According to Alphaliner, French consultant, a total of 41 ships with capacity of a combined 204,000TEU are expected to be...
2011-05-03 12:42:15
Phase of restoration: Japan [Equipment]
As two months have passed since the earthquake in Japan, subsequent chaos in the shipbuilding and ship equipment industry in Japan are entering into the phase of restoration. Most worrisome was nationwide delay in supplying parts by marine equipme...
2011-05-03 12:29:56
STX Turns Smart [Equipment]
STX Offshore & Shipbuilding is establishing a 'Smart Shipyard' where site information is monitored real-time through state-of-the-art IT. The South Korean shipbuilder announced today that it has set up a steel material piling up management system....
2011-05-03 11:58:42
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