Boxships lead new orders [Shipping]
"The container sector continues to deliver new business and maintain some momentum in the market," says Clarksons latest weekly report on shipbuilding. There remains a steady stream of enquiry going forward - particularly for the 3 - 5,000teu sect...
2011-03-07 08:09:42
COSCO delivers first PCTC [Shipbuilding]
On February 16, the first 5,000-unit PCTC built by COSCO Zhoushan Shipyard, was named COSCO SHENGSHI and successfully delivered to GUANGZHOU OCEAN SHIPPING CO., LTD. The delivery was timed perfectly for the shift in the export of Chinese brand ca...
2011-03-07 07:12:01
CSSC plans share sale to buy Longxue [Finance]
Chinese state-owned shipbuilding group CSSC is planning a big share issue to fund the purchase of a sister company. China State Shipbuilding Corp said it would sell up to CNY 4bn ($609m) of stock to take over Guangzhou Longxue Shipbuilding. The s...
2011-03-07 07:05:27
World steel output soars [Equipment]
World steel output jumped 15% to 1.4bnt last year, recording the largest increase in over fifty years. Last year’s output marked a new record for global crude steel production as demand soared in the aftermath of the economic crisis. The rise...
2011-03-07 07:01:10
ESL wins newbuild loan [Finance]
ESL Shipping has secured another loan with Pohjola Bank to finance a newbuilding under construction at Hyundai Mipo Dockyard. The Finnish shipowner said the EUR 25m ($35m) facility would mature over 10 years and cover the building of the second o...
2011-03-07 06:55:05
Goldenport says no to newbuilds [Shipping]
Greek owner Goldenport warned that world shipowners should stop ordering newbuildings. A drop in secondhand ship values and increased scrapping should, however, lead to a better balance between supply and demand with a tight financing environment ...
2011-03-07 06:50:36
Hyundai wins fifth drillship [Offshore]
Noble Corp has exercised the first of two options with Hyundai Heavy Industries for the construction of another ultra-deepwater drillship. New York-listed Noble says it expects the floater, which has not been chartered, to hit the waters off Ulsa...
2011-03-07 06:45:02
SLS sells cancelled tanker [General]
SLS Shipbuilding appears to be close to selling one of two MR products tankers cancelled by Polyar Tankers of Greece. Brokers say the Korean yard is tying up a deal to sell Hull No 497 to Dubai-based buyers for $34.75m. It has been trying to ...
2011-03-07 06:36:37
Rongsheng-ABS in strategic cooperation [General]
China's Jiangsu Rongsheng Heavy Industries has signed a strategic cooperation agreement with American Bureau Shipping (ABS) to promote their collaboration in research and development over the offshore and large boxship segments based on their coopera...
2011-03-06 23:46:47
Chinese push for offshore business [Offshore]
The China Association of National Shipbuilding Industry (CANSI) says that China's shipbuilding industry has shown a stable growth in every shipbuilding index, such as deliveries and new orders, recently releasing a report of '2010 China's shipbuildin...
2011-03-06 23:42:15
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