Dockwise secures $34m contracts [General]
Dutch heavy lift specialist Dockwise has secured six contracts for its Heavy Marine Transport operation worth a total of $34m. They include a contract with John Fredriksen’s Seadrill to move its subsidiary North Atlantic Norway’s jackup rig We...
2011-05-03 07:54:41
New orders plunge in Q1 [Shipbuilding]
Shipowners suffering from fleet oversupply contracted just 227 ships to be built at shipyards during the first three months of the year, the lowest volume since the third quarter of 2009 There were also just eight tankers ordered between January ...
2011-05-03 07:51:08
Evergreen back to profit [General]
Taiwan's Evergreen Marine has returned to profit in the first quarter as costs were cut. Net earnings to 31 March were TWD 1.3bn ($45.29m), against a deficit of TWD 87m in the same period of 2010. Operating revenue was TWD 3.68bn, down a frac...
2011-05-03 07:44:49
Ulstein teams up with Dutch [Equipment]
Norwegian shipbuilder Ulstein Group is teaming up with a Dutch marine equipment company. A memorandum of understanding has been signed with IDEA Heavy Equipment which should see an operational business materialise in the Netherlands before 1 July...
2011-05-03 07:43:23
STX Dalian IPO looming [Finance]
South Korea's STX Group chairman Kang Duk-soo confirmed plans are afoot to list its Chinese shipyard STX Dalian Shipbuilding & Offshore Complex. Kang says STX Dalian will be floated in Hong Kong amid expectations its results are primed for a huge...
2011-05-03 07:40:25
Platou in PSV newbuild [Offshore]
RS Platou has teamed up with shipowner Eivind Astrup in an offshore asset play project involving two platform supply vessel (PSV) newbuildings. Astrup has taken a 20% stake in KS vehicle Northern Supply DIS, which is close to ordering two PSVs at...
2011-05-03 07:33:01
Tsunmai hits car carrier market [Shipping]
A tragic earthquake and tsunami in Japan has had a severe impact on the car carrier market. Norwegian Car Carriers explains a stack of vessels are currently waiting off the Japanese coast after the disaster hit production. The Oslo-listed shi...
2011-05-03 07:28:33
CECO exits bulker segment [Shipping]
Camillo Eitzen & Co of Denmark sold a newbuilding contract to founder Axel Eitzen. Oslo-listed CECO says its last remaining bulker was snapped up by the Norwegian shipowner’s privately-held investment vehicle, Catre AS. While the Danish owner h...
2011-05-03 07:24:07
Panamax values fall in half [General]
The sale of a Japanese-owned panamax bulker reveals that values appear to have dropped by around 50% in four years. The 70,300-dwt New Champion (built 1996) is the latest in a series of 1990s-built panamaxes said to be making their way to China. ...
2011-05-03 07:13:39
Chinese progress on ship design [Equipment]
Chinese shipyards are suffering from the decline in tanker and, particularly, bulker-newbuilding orders but they are starting to adapt to the changed market. Clarksons says Chinese builders are “progressive” in their approach to the market, w...
2011-05-03 07:10:01
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