Korea regains No. 1 [Shipbuilding]
Korean shipbuilders have returned to the world number one position in terms of new orders for the first quarter in a year, beating its biggest rivals, Chinese by a wide margin. According to Clarkson Research Services and industry sources today, th...
2011-04-08 06:29:01
Domino bankruptcy S&M suppliers [Finance]
Busan, Youngdo-based ship equipment suppliers are facing domino bankrupt. Since one of those suppliers has gone bankrupt, its trading partners are likely to shoulder the damages. In particular, the victim companies believe the bad company has purp...
2011-04-07 11:44:03
Samsung wins the 5th drillship [Offshore]
South Korea's Samsung Heavy Industries is said to have won a drillship from Huston-based Pride International. According to foreign reports, newbuilding price costs around $600m with delivery date veiled. With the additional new order, Samsung...
2011-04-07 11:18:03
Mitsui's Eco-ship in full swing [Shipbuilding]
Japan's Mitsui Engineering & Shipbuilding is going to expand the ship types of eco-ships emitting 30% less CO2. The most demanded type of bulkers, 56,000 DWT, will be put into the market as an eco-bulker from this summer, and the yard will also pr...
2011-04-07 10:55:45
Japan to order cargo carriers [Shipbuilding]
Regarding the treatment of radioactive-contaminated water caused by the bomb of the Fukusima nuclear power plant of The Tokyo Electric Power Company, Japan's shipbuilding players are raising an idea, as a countermeasure, to build contaminated-water s...
2011-04-07 10:10:20
HC makes $20m-deal with Samsung [Equipment]
Korea's Hankuk Carbon (HC) signed a contract worth KRW 21.63bn ($20m) with Samsung Heavy Industries to supply hold cryogenic cold retention equipment for LNG carriers. The contract value corresponds to 16.52% of the recent sales total of HC, and the ...
2011-04-07 09:48:21
Dry bulk keeps plunging [Shipping]
The dry bulk market has continued its falling pattern this week, with the Baltic Dry Index (BDI) falling to 1,430 points Wednesday. The Capesize Index retreated to just 1,674 points and as a result daily rates are again closely flirting with break...
2011-04-07 07:46:18
Crist extends Wind vessel option [Offshore]
Beluga Hochtief Offshore has agreed a three-month extension with Poland’s Crist Shipyard on exercising an option for a second windfarm-installation vessel. Crist board director Krzysztof Kulczycki says the original option was due to expire last...
2011-04-07 07:39:30
Warning over box tonnage [Shipping]
Failure to take full account of containership delivery delays and cancellations could result in misguided business decisions, CRS warns Clarkson Research Services director Trevor Crowe says fleet expansion over the past couple of years was conside...
2011-04-07 07:34:29
CMA CGM mulls bond issue [Finance]
CMA CGM is close to issuing $800m bonds which it hopes will attract fresh investment into the company. CMA CGM has been awarded a Ba3 corporate family rating by Moody’s. “The provisional Ba3 rating reflects the current weakness of CMA CGM’s ...
2011-04-07 07:27:20
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