Chinese yards on full innovation [Shipbuilding]
The movements of China's private-run shipyards seem uncommon. The yards bearing an image as a small yard that has poor development prospects are carrying out major reforms to overcome a crisis. When the world shipbuilding industry went throu...
2011-03-30 11:14:12
Spring comes to Samsung [General]
Despite the extreme cold of last winter and the recent devastating earthquake in Japan, spring has come without exception. South Korea's Samsung Heavy Industries has posted, in the company's blog 'SHI's fluffy stories', the photos of Geoje ship...
2011-03-30 10:34:11
Shipping witnesses oversupply [Equipment]
While the containership sector is expected to see relatively stable market conditions thanks to balanced demand and supply and shipowners' autonomous fleet control, bulker and tanker segments are seen to take more time to meet a recovery in market si...
2011-03-30 09:47:47
Hyundai doing good job in offshore [Offshore]
South Korea's Hyundai Heavy Industries is said to have scored $2.393bn in the offshore sector during January and February this year, which is almost the same as the overall performance of the previous year. The yard won a large FPSO and two offsh...
2011-03-30 09:33:04
Norden resale deal cancelled [General]
The sale of six Norden handysize newbuildings to an unnamed Greek shipowner has not materialized. The Danish owner announced in January its intention to sell six vessels in its newbuilding programme to an unidentified owner, and subject to the buy...
2011-03-30 08:33:34
Mitsubishi licenses ship boiler in China [Equipment]
Mitsubishi Heavy Industries (MHI) and Jiujiang Haitian Equipment Manufacture (JHT), a state-owned major marine equipment manufacturer in China, have signed an agreement under which MHI will license marine boiler technologies to JHT. Marine boiler...
2011-03-30 08:26:44
Liner capacity reaches 15m TEU [Shipping]
Global liner fleet has reached the 15m teu capacity mark for the first time, says Paris-based analyst Alphaliner. The figure is more than double compared to 7m teu as of April 2003. Altogether, some 5,965 vessels, totalling 197m dwt, are involv...
2011-03-30 08:19:48
Horizon fixes Samsung-built Suez pair [Shipping]
Horizon Tankers has reportedly tied up one year contracts with OSG for two of its suezmax newbuildings. Horizon, a spin-off from Anthony Comninos’ Target Marine, has hired the 158,000-dwt pair Melita and Amarylis to the New York-listed giant, b...
2011-03-30 08:12:23
OceanFreight buys new Cape duo [Shipping]
Anthony Kandylidis-led OceanFreight has taken on capesize newbuilding pair in a cash plus shares deal with an affiliate. Nasdaq-listed OceanFreight has picked up the 206,000-dwt bulkers on order at Chinese yard in a swoop worth around $120m, it t...
2011-03-30 08:08:52
Fincantieri losses widen [Finance]
Fincantieri saw net deficit widen to EUR 124m ($175m) last year, compared to EUR 64m in 2009, as productivity dropped and price pressure increased on new orders due to competition. The Italian cruiseship specialist yard group also had to make uns...
2011-03-30 07:25:49
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