Stevenson orders more tankers [Shipping]
Craig Stevenson has followed up a $270m suezmax splurge with another order for six tankers. The former head of OMI Corp has brought his private equity firm’s orderbook up to eight suezmaxes and two products tankers but remains mum on much of th...
2010-06-28 07:53:53
Shin Yang to invest in UAE shipyard [General]
Shin Yang Shipping Corp Bhd will use part of the proceeds raised from its initial public offering (IPO) to set up a shipyard in the United Arab Emirates (UAE) to cater to the increase in shipping operations there, said financial controller and compan...
2010-06-28 07:50:39
Revamp affects little [Finance]
While the creditor banks are actively sorting out the insolvent companies for liquidation, the South Korean shipbuilders included in the list of such companies are shocked. On June 25th, six creditor banks including Woori, Kookmin, Shinhan, Korea ...
2010-06-28 07:31:17
IHIMU develops eFuture 13000C [Equipment]
On June 23rd, IHIMU Japan announced that it has completed a concept design for an environment-friendly 13,000TEU containership. With the improvement of propulsion function by a twin screw and energy efficiency, the emission of GHG has been reduce...
2010-06-28 07:14:54
Japan new orders surging [Shipbuilding]
The amount of new orders for export vessels in the Japanese shipbuilding industry is showing a recovery. On June 24th, the Japan Ship Exporter's Association (JSEA) announced that contracts for 17 export vessels were signed in May with the total a...
2010-06-28 07:09:01
Chinese active in LNG ship talks [Offshore]
It is reported that global LNG shipping companies are negotiating deals with several shipyards in China for new shipbuilding projects. Jiangsu Rongsheng Heavy Industries Co., Ltd., NACKS and Dalian Shipbuilding Industry Co., Ltd. are planning to e...
2010-06-28 07:01:33
Hanjin moves employees [General]
All the employees working at the factory of Hanjin Heavy Industries & Construction Co., Ltd. (HHIC) in Ulsan will be convertibly moved to the one in Busan. On June 24th, the labor union of HHIC passed the tentative agreements, including the plan f...
2010-06-28 06:53:43
Seaspan urges ‘lighter’ ships [Shipping]
CEO Gerry Wang of Seaspan Corporation recently urged that shipbuilders should breakthrough the technical bottleneck of shipping capacity and carbon emission, to reduce the use of steel in shipbuilding, which may safe the cost of newbuilding and opera...
2010-06-28 01:19:11
New president of MOL comes out [General]
The new President Koichi Muto of Mitsui O.S.K. Lines (MOL) made inauguration speech on June 22nd. Koichi Muto said the surging demand from emerging economy especially China would help global shipping industry to be free from global financial cris...
2010-06-28 01:17:54
Singapore to establish super base [Shipbuilding]
Singaporean has issued a 10-year economy growth strategic plan, to establish a super shipbuilding and shipping base. The first stage of the project, namely Mega yard, has already been begun. The first investment stands at $530m. China Harbour Eng...
2010-06-28 01:14:16
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