Yangzijiang inks 4,800TEU ships [Shipbuilding]
China's leading privately owned shipyard Yangzijiang Shipbuilding announced it has won orders for two 4,800-teu boxships and two 10,000-dwt bulkers for $147.4m in total. The newbuildings are set for delivery in 2012 and 2013, and the 4,800-teu pai...
2011-02-25 07:01:39
TS Lines to order 4,700TEU's in Korea [Shipbuilding]
Taiwan's TS Lines is reportedly in the final stage of negotiations with unidentified Korean shipyard to build three 4,700-teu containerships. It is also in discussions with compatriot shipbuilder CSBC to build additional 1,800-teu boxships. TS ...
2011-02-25 06:53:44
US yard inks passenger ferry [General]
Fire Island Ferries of the US went to Gladding-Hearn Shipbuilding with an order to build a 387-passenger ferry. The Somerset, Massachusetts-based shipyard announced the all-aluminium mono-hull vessel is scheduled to hit the water in the summer of ...
2011-02-25 06:44:27
Unrest in Africa may boost LNG [Shipping]
Political unrest in Libya and Algeria may have positive effect on LNG shipowners. The two trouble-hit nations account for over one fifth of Europe’s LNG supplies and if production grinds to a halt the buoyant spot market will receive a further ...
2011-02-25 06:38:12
China expands ship financing for Greek [Finance]
China offers to double an existing pledge of $5bn in finance to back Greek shipowners ordering newbuildings in Chinese yards. The agreement came during an official visit to Beijing and Shanghai by Greece’s minister of maritime affairs, islands a...
2011-02-25 06:33:29
Zhenhua: Conversion through pains [Offshore]
Zhenhua Heavy Industry, which was the giant of global port machinery, was facing severe challenge. At present, Zhenhua was preparing for conversion stage because the traditional business plates declined while offshore business was rising. As is re...
2011-02-24 17:53:05
Nantong Mingde wins upgrade order [General]
China's fast-growing private-owned shipyard in Yangtze Delta area, Nantong Mingde Heavy Industry just signed a formal strategic cooperation agreement with Canada's Algoma Central Corporation on Sunday after it was awarded two bulkers and three self d...
2011-02-24 12:32:56
Spring comes? [Shipbuilding]
Question: The spring of shipbuilding was coming or not yet? Experts thought the new orders had returned to the level of 2006, which was the beginning of last flourish round. The ship price was rebounding after it touched bottom. The shipbuilding i...
2011-02-24 12:11:02
MKE invests $266m in green-ships [Finance]
The Korean Government will invest KRW 300bn ($266m) in developing the core technology of green-ships over the next 10 years. Korea's Ministry of Knowledge Economy (MKE) is planning to catch up those nations who reserve highly advanced technology ...
2011-02-24 12:01:09
CSIC: Not pursuing DWT any more! [Shipbuilding]
The deadweight of a semi-submerged offshore project was just 40,000tons but the value reached $650m. The deadweight of a VLCC achieved as large as 300,000tons but the value was just $100m. Obviously the deadweight and output should not be the sole pu...
2011-02-24 11:45:15
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