Ultra-boxships dominate market [Shipbuilding]
Ultra-large containerships are expected to lead the newbuilding market for some time as Korea's Daewoo Shipbuilding & Marine Engineering has recently won 10 containerships of 18,000 TEU worth KRW 2trn ($1.8bn) from the world's largest liner, Denmark'...
2011-02-23 10:02:25
Sinopacific's Unique Approach to CSR [General]
The public topic 'Charity' has also attracted the attention of Sinopacific Shipbuilding Group: how can we perform our Corporate Social Responsibility (CSR) for the purpose of philanthropy? Many people may think that CSR means simply doing good de...
2011-02-23 08:38:28
Hanjin resells boxship [Shipbuilding]
Korea's Hanjin Heavy Industries & Construction announced yesterday that it canceled the newbuilding contract for one containership received on 3rd March 2005 because of shipowners' fail to pay deposit. And the yard resold the canceled ship to a t...
2011-02-23 07:55:32
Hyundai-Gunsan storms upward [Shipbuilding]
Korea's Hyundai Heavy Industries-owned Gunsan shipyard, which had undergone difficulties in new order intake in the wake of the global financial crisis, has begun to regain vitality. The yard has obtained 14 ships so far this year while won only t...
2011-02-23 07:46:35
Ko-Exim guarantees active support [Finance]
Korea Eximbank promises active support for the shipbuilding industry. Kim Young-hwan, president of Korea Eximbank, said yesterday, while visiting Hyundai Heavy Industries and Hyundai Mipo Dcokyard both in Ulsan city, Korea, "Korea's shipbuilding ...
2011-02-23 07:42:42
Clear contrast in newbuild [Shipbuilding]
While newbuilding orders for bulkers and tankers stayed depressed during January this year, both containerships and LNG carriers led the newbuilding market. According to the Clarkson Research Services, the total of newbuilding orders placed world...
2011-02-23 07:38:16
Frontline tips tanker values holding [Shipping]
Frontline forecast asset prices for modern crude tankers to hold firm despite a disappointing market in recent months. Both newbuilding and modern second-hand values will not decline greatly, says CEO Jens Martin Jensen. Jensen, speaking on a con...
2011-02-23 07:27:32
Libya oil terminals closed [General]
Oil terminals in Libya have reportedly closed on Tuesday as chaos and violence spreads through the country in protest at the government of Muammar Gaddafi. The Italian government said oil operations had halted, while other industry sources said B...
2011-02-23 07:20:32
Aframax resale at $48.5m [General]
Polembros Shipping is reportedly behind the purchase of a pair of Cido Shipping aframax tanker newbuildings. The Greek shipowner is said to be paying $48.5m for each of the two 104,208-dwt newbuildings which are due for delivery in February. ...
2011-02-23 07:16:14
Boxship oversupply fear continues [Shipping]
Excess containership capacity rather than growth in demand remains a “significant threat” for the shipping industry in the short term. SeaAxis Macro's quarterly report predicts “stronger conditions” for the shipping industry by mid 2011. ...
2011-02-23 07:11:13
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