Huanghai hunts seven 28K MPP's [Shipbuilding]
China's Huanghai Shipbuilding has signed a newbuilding contract with Ethiopian shipowner ESL to build seven 28,000-dwt multi purpose cargo carriers at a price of $32.5m per unit for delivery between August 2012 and December 2014. This is the lar...
2011-02-28 07:38:41
NOL to ink more newbuilds [Shipping]
Singapore's Neptune Orient Lines (NOL) will order more vessels to address an expected shortage in the global freight market within a few years. Chief Executive Ronald Widdows, however, did not say how many more ships he would order above the 10 ve...
2011-02-28 07:18:12
CMA CGM net profit hits record [Shipping]
French box line CMA CGM posted a record net profit of $1.6bn last year after losing $1.4bn in 2009. But this year’s result is expected to be lower, with CMA CGM anticipating a return to “normalised profitability levels” in 2011. The world...
2011-02-28 07:10:52
Offen warns of boxship over-ordering [Shipping]
The containership market is still in danger of over ordering so owners should be cautious about placing new contracts, German containership owner Claus Peter Offen warned. “We will not order any more ships until all our current newbuilds have be...
2011-02-28 07:03:34
Mitsubishi sells head office [General]
Japan's Mitsubishi Heavy Industries (MHI) sold its Tokyo head office. The company will pocket JPY 60.5bn ($738m) for the headquarters, it told the Tokyo stock exchange. Nippon Building Fund (NBF) will buy a 60% stake in the building, which will b...
2011-02-28 06:54:10
STX Europe, loss in Q4 [Finance]
STX Europe says STX OSV, which listed in Singapore late last year, put up strong results for the quarter. Numbers from its cruise and ferry unit were branded weak. Overall operating profit in the final three months of 2010 reached NOK 136m ($24.1...
2011-02-28 06:51:07
Keppel secures FSRU conversion [Offshore]
Singapore’s Keppel Shipyard has won the job of converting a Golar LNG Energy (GLE) LNG carrier into an LNG-FSRU. The 125,000-cbm, 34-year-old Khannur is en route to Keppel Offshore & Marine’s facility. The vessel is due to arrive there on 13 ...
2011-02-28 06:44:31
VLCC change to LNG carriers [Equipment]
John Angelicoussis is said to be negotiating the conversion of three VLCC-newbuilding slots into two LNG-carrier berths. The Greek shipowner currently has seven VLCCs on order. Four of the 320,000-dwt vessels were contracted at Daewoo Shipbui...
2011-02-28 06:39:43
Hudong-Zhonghua pens 76K BC quartet [Shipbuilding]
China’s Hudong-Zhonghua Shipbuilding has inked panamax bulker quartet with compatriot Longsheng Shipping. The Ningbo-based owner, which is due to take delivery of two 76,000-dwt panamax-bulker newbuildings from the yard at the end of this year, ...
2011-02-28 06:34:25
Sungdong clinches 9,000TEU pair [Shipbuilding]
Korea's Sungdong Shipbuilding & Marine Engineering is said to have won an order for two 9,000-teu boxship orders from Tsakos Group. The greek owner is reportedly paying $97m each. However, Tsakos general manager Harry Hajimichael says no order...
2011-02-28 06:30:43
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