Opec to reduce crude loadings [Equipment]
Opec is likely to scale back crude loadings this month as winter fuel demand ebbs. UK analyst Oil Movements said vessels will ship 23.91m barrels per day (bpd) in the four weeks to 5 March. This is down 0.5% from 24.03m bpd in the month to 5 ...
2011-02-22 06:57:27
Hellenic shipowners rebound [Shipping]
Greek shipowners’ combined revenue jumped 13% in 2010 to EUR 15.4bn ($21bn). The Bank of Greece said improved global trade, particularly with China and India, boosted the industry after the slump. Greek owners now control about 20% of the g...
2011-02-22 06:54:14
Hapag-Lloyd IPO eyes $2bn [Finance]
Up to EUR 1.5bn ($2.05bn) in shares could be traded in Hapag-Lloyd in what would be Germany’s largest initial public offering (IPO) in over three years. The company’s supervisory board is due to hold an extraordinary general meeting on 3rd Ma...
2011-02-22 06:49:27
SLS sells MR tanker [Shipbuilding]
An MR tanker under construction at Korea’s troubled SLS Shipbuilding has sold for $35m. The 49,750-dwt vessel had been ordered but then cancelled by Greece’s Polyar Tankers, according to HSBC Shipping Services, and was expected to be delivered...
2011-02-22 06:43:19
Running for Statoil drilling rigs [Offshore]
Norway’s Statoil has formally issued a tender for at least two new specialised drilling rigs for use on mature Norwegian fields. Four Asian shipyards are reported to be in the running. Samsung Heavy Industries and Daewoo Shipbuilding & Marine En...
2011-02-22 06:38:02
High end ship repair market booms [General]
As growth of global LNG seatrade sped up and LNG fleet expanded, global LNG carrier repair market always kept busy and booming. In spite of global financial crisis, it still kept sustainable. In 2010, global shipyards repaired 92 LNG carriers tota...
2011-02-21 16:11:38
China: Research, localization, offshore and efficiency [Shipbuilding]
In the past five years, Chinese shipbuilding industry achieved amazing accomplishment. Even global financial crisis could not stop China’s steps. As a result, the over-confident views were spreading widely. Some people thought it would not take lon...
2011-02-21 15:29:06
Profit drought in future? [Shipbuilding]
Last year, although China surpassed Korea in terms of newbuilding output, order intakes and orderbook, the contest was expected to continue both in hi-tech field such as offshore plant and commercial ships. The fight and competition would become bloo...
2011-02-21 14:44:10
Hyundai attacks naval ship market [Shipbuilding]
Korea's Hyundai Heavy Industries is plunging into the naval vessel market of North Africa. Hyundai has announced that it is attending 'NAVDEX 2011(Naval Defence Exhibition)' that has been held since yesterday in Abu Dhabi, United Arab Emirates. ...
2011-02-21 12:21:48
Equipment producers made poor results [Equipment]
Most of Korea's shipbuilding equipment suppliers saw a poor performance last year. TAEWOONG revealed its sales of 2010 decreased by 35.38% versus 2009 to KRW 345.6bn ($310m) and both of its operating profit and net profit dropped by 80.48% and by...
2011-02-21 11:50:30
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