"Stop ordering ships" [General]
Shipping overcapacity is manageable if owners use all the tools available and in particular stop ordering new tonnage, BIMCO analyst Peter Sands urges. He says global shipbuilding overcapacity poses a major risk and lower prices could entice owner...
2011-04-07 07:17:16
MOL develops fuel-saving PCC [Equipment]
Mitsui O.S.K. Lines (MOL) yesterday announced the joint development of an optimum trim system for vessels, along with Akishima Laboratories (Mitsui Zosen) Inc. A pilot test of the system, using a 6,400-unit car carrier, showed an increase of up t...
2011-04-07 06:52:18
Safe orders bulker duo [Shipping]
Greece’s Safe Bulkers has returned to a top Japanese shipyard for an order for two bulkers of 77,000 dwt. The New York-listed owner did not name the yard, but said the vessels would be delivered in the first half of 2014 for “attractive price...
2011-04-07 06:46:16
European focus on key emerging sectors [General]
European shipbuilding and engineering communities need to collaborate more closely and focus on key developing markets in order to remain competitive, insists Community of European Shipbuilding Associations secretary-general Reinhard Luken. He hin...
2011-04-07 06:42:22
Hyundai secures LNG-FSRU's [Offshore]
Norway’s Höegh LNG has entered into a firm Letter of Intent on April 6th with Hyundai Heavy Industries for up to six Floating Storage and Regasification Units (FSRU’s). Under the LOI, Hyundai Heavy Industries (HHI) will deliver two 170,0...
2011-04-07 06:35:44
DSIC sets delivery record [Shipbuilding]
China's Dalian Shipbuilding Industry Corporation (DSIC) delivered four tankers of 300,000 DWT, two bulkers of 180,000 DWT and one tanker of 76,000 DWT for a full-month March. With this, the yard's total deliveries for the month surpassed 1.6m DWT...
2011-04-06 22:25:29
Samsung eyes Jackpot [Offshore]
South Korea's Samsung Heavy Industries is expected to achieve a large scale of new orders during the second quarter of the year. It inked two plus two drillships with Maersk Drilling for $1.12bn Wednesday. It also signed LOI with Golar LNG to ...
2011-04-06 22:24:45
Hubei ready for new leap [General]
The authority of Hubei, China, announced on the first day of April that it is the time for Hubei's shipbuilding industry to promote a new leap by more improved measures, recognizing the current situation of the region's shipbuilding industry. Huo ...
2011-04-06 22:23:58
Steel price in dilemma [Equipment]
Korea's steel industry is stuck between two fires since acute interests are intertwined over an increase in steel prices. The Korea Shipbuilders' Association (Koshipa) has officially requested controlling the prices of ship steel plates from Kore...
2011-04-06 22:23:16
Samsung pens two drillships [Offshore]
The Danish giant has placed firm newbuilding contracts for two units for delivery in the third and fourth quarters of 2013. South Korea's Samsung Heavy Industries announced today it has won two drillships from Denmark's Maersk Drilling for $1.12bn. ...
2011-04-06 16:22:35
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