Clarkson forecasts weaker 2011 [Equipment]
Clarkson plc reported a 44% rise in profits to £32.4m ($52m) on £202.6m in revenues for 2010 over the previous year, a stronger than expected performance aided by a recovery in dry bulk volumes, the revival of container trades and a rebou...
2011-03-11 08:31:19
Vantage supervises Aker at Daewoo [Offshore]
Houston-headquartered Vantage Drilling Company announced Thursday that it has signed a definitive agreement to provide services related to design, construction and commissioning on behalf of Aker Drilling ASA of two ultra deepwater drillships being ...
2011-03-11 08:21:51
IHI to issue JPY 20bn bonds [Finance]
Japanese shipbuilding group IHI Corp is planning a big debt issue overseas. The sale of convertible bonds will be worth JPY 20bn ($241m), maturing over five years, IHI said in a filing with Japan’s finance ministry.
2011-03-11 08:15:40
DVB Bank profit jumps [Finance]
Germany's shipping specialist DVB Bank said net earnings were EUR 131.1m ($181.5m) last year, up 51.4% from EUR 86.6m in 2009. Boss Wolfgang Driese said, "What is remarkable about these very good results is that we generated them during a phase w...
2011-03-11 08:12:01
Odfjell wins $50m compensation [General]
Norwegian tanker owner Odfjell looks to get compensation from a Russian shipyard over the axing of up to a dozen newbuildings. A court in St Petersburg found in favour of the Norwegian outfit to the tune of $50m on Thursday in a drawn-out case wh...
2011-03-11 08:08:09
Daewoo scores $3.4bn [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has already marked $3.39bn in new orders since the turn of 2011. After winning one ultra-deepwater drillship order in the first month, it inked 10 18,000-teu containerships and two drillships last month. ...
2011-03-11 07:48:45
Keppel wins big fast-track orders [Offshore]
Singapore’s Keppel Shipyard announced Thursday it has secured new contracts totalling S$170m for two fast-track projects. The new jobs comprise completing a pipe laying vessel for Saipem and converting a floating, storage and offloading vessel ...
2011-03-11 07:41:14
China on track to growth [Finance]
China's shipbuilding industry has shown signs of full-scale recovery since the beginning of the year. For instance, China's largest state-run shipbuilding company, CSSC, is expected to see a sharp increase in this year's results. This positiv...
2011-03-11 06:24:21
Big 3 in keen competition [General]
There had been a new order drought for almost two years since the global financial crisis at the end of 2008, but the gloomy situations started to turn positive from the beginning of 2010. In particular, as shipowners increasingly demand eco-frie...
2011-03-11 06:21:48
Chinese hit by delivery delay [Equipment]
The recent delivery delay of China's biggest private-run shipbuilder, Jiangsu Rongsheng Heavy Industries, over large ships confirms Korean shipbuilders' superiority once again. Lee Seok-jae, researcher of Seoul-based Mirae Asset Securities, says...
2011-03-11 06:20:37
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