IHIMU new offshore WT floating system [Offshore]
Japan's IHI Marine United (IHIMU) developed a new low-motion floating body for offshore wind turbines. Developed in a joint project with the University of Tokyo, it can reduce motions as compared to a conventional cylinder-type spar floating body....
2011-04-25 07:47:38
STX mulls sale of stake in STX OSV [Finance]
South Korea's STX Group is considering selling an additional 20 percent stake in Singapore-listed shipbuilder STX OSV, worth around 260 billion Korean won ($240.5 million) in May or June, the company said on Friday. An STX Group spokesman said the...
2011-04-25 07:36:31
US yard wins loan guarantee [Finance]
U.S. Maritime Administrator David Matsuda announced on April 22 a $241 million Title XI shipbuilding loan guarantee that will clear the way for the Eastern Shipbuilding Group, Panama City, Fla., to build five platform supply vessels for export to Bra...
2011-04-25 07:33:41
Yujin ship returns after repair [Shipping]
Yujin International has returned to full strength after repairs were completed to a small asphalt tanker damaged in February. The 5,000-dwt Arcturus (built 2008) had its engine replaced in Singapore and has been fixed in the spot market after com...
2011-04-25 07:29:46
Ouhua wins 1,700TEU's? [Shipbuilding]
Reederei Nord is being linked to an order worth up to $240m for a series of handysize boxships. The Cyprus-based owner is understood to have returned to Zhejian Ouhua Shipbuilding for the 1,700-teu vessels. Sources suggest the deal under negotiat...
2011-04-25 07:23:47
Greek pens handysize in China [Shipbuilding]
China’s Zhejiang Ouhua Shipbuilding has signed a contract with low-profile Greek operator Atlantis Management Inc for one handysize-bulker newbuilding. Atlantis technical director Costas Lazoglou confirms the 37,200-dwt vessel is scheduled for M...
2011-04-25 07:21:08
Cape scrapping outpaced by newbuilds [Shipping]
More capesize bulkers are heading for demolition but this is being outpaced by newbuilding deliveries. For every capesize heading for the torch, three are currently coming out of yards. Hyundai Merchant Marine (HMM) is said to have sold the 1...
2011-04-25 07:16:04
STX wins supramaxes [Shipbuilding]
Geneva’s Shipping Asset Management (SAM) has made its first newbuilding order. The Swiss company has booked four 57,200-dwt supramax bulkers in South Korea for delivery in 2012 and 2013. The deal has been done at STX Offshore & Shipbuilding...
2011-04-25 07:12:18
Expedition cruiseship orders looming [Offshore]
Florida-based International Shipping Partners (ISP) expects to order a first pair of luxury expedition cruiseships by this summer as it eyes creating a niche cruise fleet. Company president and chief executive Niels-Erik Lund says a total of 28 s...
2011-04-25 07:08:50
Equip makers in joint export meetings [Equipment]
Three local governments located in southeastern Korea, Busan, Ulsan and South Gyeongsang, are going to hold an export skull session in Busan city and South Gyeongsang Province for two days from 15th to 16th next month to pioneer ship equipment overse...
2011-04-25 06:44:52
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