Bangla breakers' return delayed? [General]
Bangladesh’s return to the shipbreaking market could be set for yet another twist. The vocal Bangladeshi Environmental Lawyer’s Association is potentially ready to return to court in a bid to overturn a ruling which allowed the nation’s yar...
2011-04-26 07:17:24
Scrap vessel fetches $1,220/ldt [Equipment]
Salhus Shipping of Norway has reportedly sold a chemical carrier for a whopping $1,220 per ldt. Brokers say stainless steel pushed up the price of the 12,637-dwt Casper (built 1990), which went to cash buyers for an estimated $5.2m. Sources b...
2011-04-26 07:12:29
Hanjin adds 3,800TEU pair [Shipbuilding]
South Korea's Hanjin Heavy Industries & Construction has won an order for two more 3,800-teu containerships from Belgian shipowner. HHIC subsidiary HHIC-Phil inked a newbuilding contract with Belgium's Delphis to build four firm plus four optional 3...
2011-04-26 07:08:27
STX close to winning 14,000TEU's [Shipbuilding]
South Korea's STX Offshore & Shipbuilding is close to winning up to a $2.8 billion containership order from Canada's Seaspan Corp. STX signed a letter of intent for a deal to build ten 14,000 TEU boxships, each worth $140 million, which also incl...
2011-04-26 06:48:48
Scrapping hits 11-month high [Equipment]
World's total of scrapped ships during March this year came to 83 ships of 3.5m DWT, which is the monthly peak since April 2010. Indian and Chinese ship breakers purchased 39 ships and 21 ships respectively during the month. According to Clar...
2011-04-26 06:28:12
China's ship production up 24% [Shipbuilding]
The China Association of National Shipbuilding Industry (CANSI) shows that the combined deliveries, new orders and orderbook of Chinese yards steadily increased for the first quarter of the year. In particular, the combined deliveries, new orders...
2011-04-26 06:24:36
Hyundai invests most in R&D [General]
Hyundai is believed to make the largest-scale investment in R&D among Korea's big four shipyards - Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding. According to DART (Dat...
2011-04-26 06:22:18
Hyundai to peak in operating profit [Finance]
Seoul-based Hi Investment Bank (Hi-IB) cast an analysis on the Q1 results of Korea's Hyundai Heavy Industries on 25th that the yard would see the highest ever quarterly operating profit for the first quarter of the year. Heo Seong-duk, analyst o...
2011-04-26 06:19:36
Seko closes up yards [Finance]
South Korean small and midsize shipbuilder Seko Heavy Industries has temporarily closed shipyards due to management difficulties, and a pair of 300-ton class goliath cranes, leased from Industrial Bank of Korea, are now being dismantled after a publi...
2011-04-25 13:01:41
Krasnoye starts sea trials of tankers [General]
Krasnoye Sormovo Shipyard (of MNP Group) has launched sea trials of oil tankers built for companies SVL Activ Treding Co., Ltd. (SVL) and VF Tanker, the shipbuilding firm’s press service reports. The contract with SVL for two oil tankers of over...
2011-04-25 07:50:39
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