Lamprell to buy MIS [Offshore]
United Arab Emirates-based fabrication group Lamprell is looking to acquire smaller Middle East rival Maritime Industrial Services (MIS) in a possible $332m deal. Lamprell confirmed it has entered into a letter of understanding to acquire 100% of...
2011-04-08 07:49:53
Danaos takes 10,100TEUs from Hyundai Samho [Shipping]
Danaos has taken delivery of its two largest vessels to date. The Greece-based containership owner said that the 10,100 teu pair Hanjin Germany and Hanjin Italy were delivered by Hyundai Samho Heavy Industries and have commenced 12-year employment...
2011-04-08 07:46:31
Tsuji inks six handysize BCs [Shipbuilding]
Tsuji Heavy Industries (Jiangsu) has won an order for six handysize bulk carriers. Fengli Group Shanghai Logistics has booked the vessels for delivery in the second half of next year. The newbuilding price is yet to be revealed. Tsuji Heavy In...
2011-04-08 07:38:48
Delmas delays Con-Ro's at Hyundai Mipo [General]
Delmas has been forced to put back deliveries of three specialist container/ro-ro vessels designed for use on the west Africa trade for two to three years. The ships were ordered at the start of 2008 for delivery this year and next. But CMA CGM ha...
2011-04-08 07:22:29
Yard bankruptcies to follow [Finance]
It seems surprising there have not been more bankruptcies among shipbuilders to date, Barry Rogliano Salles says. The Paris-based shipbroker has forecast a difficult 2011 for the global shipbuilding industry. It points out the likelihood of bankru...
2011-04-08 07:15:52
Nordea tops marine finance [Finance]
Nordea Bank topped Dealogic’s table of syndicated marine finance loans in the first quarter. It racked up nearly $1.1bn worth of transactions on eight deals. The London-based research firm says the Nordic banking giant beat out 19 other book...
2011-04-08 07:07:04
Bangla scrapping finally resumes [General]
Shipbreaking in Bangladesh is to finally resume following a long-awaited High Court judgment. The final two judges have put their signatures to a court order which will allow the import of vessels to the nation after an 11-month hiatus. Sourc...
2011-04-08 07:03:19
Newbuilding prices hit bottom [General]
There will be no continued drop in newbuilding prices this year, the world’s largest shipbroker says. London-listed Clarksons notes the cost of new ships reached a five-year low in 2010 but it says there appears little room for price tags to fa...
2011-04-08 06:59:08
OceanFreight wins VLOC financing [Finance]
OceanFreight has secured financing for three very large ore carriers (VLOCs) on order at China's Shanghai Waigaoqiao Shipbuilding. The Nasdaq-listed bulker owner says a “major Chinese bank” will pick up 60% of the construction tab. “The...
2011-04-08 06:54:15
SPP pens kamsarmax & handysizes [Shipbuilding]
South Korea's SPP Shipbuilding won a 82,000-dwt kamsarmax bulker and four 35,000-dwt handysize bulkers from Turkey's Beks and Ciner respectively last month. The newbuildings are clinched for delivery from the end of 2012 by 2013. The latest co...
2011-04-08 06:30:54
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