Hapag-Lloyd IPO postponed [Finance]
The IPO of German container line Hapag-Lloyd looks like taking a little longer than expected. The Albert Ballin consortium said no decision was taken at a meeting on Monday on the move on the backdrop of the uncertain market environment. The s...
2011-03-24 07:09:55
Wilh. Wilhelmsen launches new Ro-Ro [Shipping]
Norwegian Wilh. Wilhelmsen has taken delivery of the ro-ro ship Tønsberg from Mitsubishi Heavy Industries in Nagasaki, Japan. This is the first Mark V ship in a series of four ordered by Wilh. Wilhelmsen ASA and its partner Wallenius. The second...
2011-03-24 07:07:16
STX Europe wins heavy cargo vessel [Offshore]
STX Europe has won an order for multi-purpose newbuilding from Meriaura of Finland, which promises to save jobs at its Turku Shipyard. STX will design and deliver the 105 metre multi-purpose heavy cargo vessel by next spring in a deal which plugs...
2011-03-24 06:59:30
Sungdong scores 4,700TEU's [Shipbuilding]
South Korea's Sungdong Shipbuilding & Marine Engineering has inked a contract for two 4,700-teu containerships with Tsakos Group, the largest boxships so far for the Greek owner, which is predominantly known for tankers and dry bulk vessels. No pr...
2011-03-24 06:49:17
Samsung pens 13,000TEU sextet [Shipbuilding]
Hong Kong container line Orient Overseas Container Line has confirmed the long-expected order for six 13,000-teu containerships placed with South Korean shipbuilder Samsung Heavy Industries. OOCL said the 13,000-teu vessels will cost $136m each, o...
2011-03-24 06:27:53
Technip wins LNG-FPSO FEED [Offshore]
France's Technip revealed Wednesday that it had been awarded the front-end engineering design (FEED) contract for two floating production units for Chevron's Gendalo and Gehem gas fields, offshore Indonesia. Technip said the contract covered the ...
2011-03-24 06:14:56
Hanjin raises four-party consultation [General]
S. Korea's Hanjin Heavy Industries & Construction, which has been undergoing conflicts between the labor and management over the issue of layoff, suggested forming a four-party consultation to come up with supporting measures for the fired to be re-e...
2011-03-23 23:41:11
No more foreign insurance for newbuilds [Finance]
Overseas insurers or insurance brokers cannot do sales activities for shipbuilding insurance in Korea any more. According to the financial authority and insurance industry yesterday, the Financial Services Commission of Korea has made an authori...
2011-03-23 23:40:27
Hyundai wins VLGC [Shipbuilding]
S. Korea's Hyundai Heavy Industries won a VLGC of 82,000 CBM from compatriot shipowner SK Shipping at the beginning of the month. The newbuilding is slated for delivery in the second quarter of 2013 with its price unknown. Hyundai won the sam...
2011-03-23 23:39:35
Hyundai vs. Samsung: ding-dong race [Shipbuilding]
S. Korea's two shipbuilding giants - Hyundai Heavy Industries and Samsung Heavy Industries - are in a very acute competition to occupy the world number one position. Samsung scored 8.206m CGT in orderbook at the end of February this year, getting...
2011-03-23 23:38:37
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