Hamworthy selected for gas-powered ferries [Equipment]
Hamworthy has signed a contract to install liquefied natural gas storage tanks and fuel systems on board four gas-powered ferries to be constructed at the Remontowa Shipyard in Gdansk, Poland for delivery in the second half of 2012. The ships, whi...
2011-04-22 07:43:35
Brittany eyes LNG-powered ferries [Shipping]
Brittany Ferries is working with STX Europe to develop designs for LNG and electric dual-fuel ferries. The move will enable the French operator to comply with Marpol Annex VI requirements for reduced sulphur emissions, which come into force in 201...
2011-04-22 07:37:50
Golar wraps up LNG-FSRU deal [Offshore]
Golar LNG Energy has concluded negotiations for an 11-year time charter contract worth $500m for an LNG floating storage and regasification unit off Indonesia. Finalising the deal, which comes with conditional extension options up to 2025, brings ...
2011-04-22 07:33:21
CMA CGM $945m bond sale [Finance]
CMA CGM has another $945m in its coffers following the successful sale of bonds. The French line finalised the placement on Friday, having already increased the size of the offering from the original $800m. The issue consists of $475m of dollar...
2011-04-22 07:28:50
Dry bulk recovery delayed [Shipping]
Bulker owners will have to wait until the final quarter of 2011 before rebuilding efforts in Japan following last month’s devastating earthquake and tsunami provide any impetus to the struggling market. London-listed Braemar Shipping Services al...
2011-04-22 07:25:50
China coal imports offer hope [Shipping]
Increasing Chinese thermal coal imports are promising to lend support to dry-cargo rates which are in the midst of a 17 day losing streak, Commodore Research says. Stockpiles at Qinhuangdao, China’s largest coal port, have slipped 29% since the...
2011-04-22 07:21:41
Steel consumption to grow [Equipment]
Global steel usage is expected to increase by 5.9% in 2011 to 1.35bnt. The projected increase follows a 13.2% growth in steel usage last year, according to the World Steel Association (WSA). In 2012, world steel demand is forecast to grow by a...
2011-04-22 07:18:26
STX, "Not now for new orders" [Shipbuilding]
Seoul-based Mirae Asset Securities cast an analysis on Korea's STX Offshore & Shipbuilding on 21st. According to the analysis, STX is not rolling out strategical new order activities on purpose. "Despite its stance of the world fourth largest ...
2011-04-22 06:40:12
"Little effect of steel price hike" [Equipment]
Nam Sang-tae, President of Korea's Daewoo Shipbuilding & Marine Engineering and Chairman of the Korea Shipbuilders' Association, stated in a signing ceremony for a 'fair trade and joint development agreement' held on 21st that "The steel prices recen...
2011-04-22 06:38:42
Shipbuilders share growth with partners [Shipbuilding]
Some large enterprises of Korea's shipbuilding and machinery industries including Hyundai Heavy Industries and Doosan Heavy Industries & Construction made a 'fair trade and joint development agreement' with their subcontractors on 21st. The signi...
2011-04-22 06:35:26
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