Pipavav pax. delivery further slips [General]
John Fredriksen’s Golden Ocean has seen its bulkers on order at India's Pipavav Shipyard suffer even more delays. Pipavav will not hand over the first of the ice-classed panamaxes until the third quarter of this year, over two and a half years ...
2011-02-21 06:33:42
STX pens Mitsubishi BC's [Shipbuilding]
Japanese trading company Mitsubishi Corp is said to be behind a quartet of 83,000-dwt bulker newbuildings booked at Korea's STX Offshore & Shipbuilding. They will be constructed at STX’s Jinhae shipyard and are due for delivery from the second ...
2011-02-21 06:27:55
Libyan owner in dry debut [Shipping]
General National Maritime Transport Co (GNMTC) of Libya has made its first move into dry bulk with the purchase of the 180,000-dwt capesize Blue Everest (built 2010) from Blue Marine of South Korea for a reported $62.6m. A GNMTC spokesman confirmed t...
2011-02-21 06:22:51
SFI to add new ships [Finance]
Ship Finance International is looking to buy new ships in 2011 despite seeing its fourth quarter profit cut in half. New York-listed SFI is also hoping to tie up funding for its remaining newbuildings shortly having just landed a loan to cover th...
2011-02-21 06:16:01
CSIC eyes private placement [Finance]
China Shipbuilding Industry plans to raise 17.46 billion yuan through a private placement of 2.52 billion shares to seven designated investors at 6.93 yuan per share. The company’s total shares outstanding will increase to 9.17 billion shares af...
2011-02-21 06:09:11
Samsung wins wind vessel [Offshore]
Korea's Samsung Heavy Industries has won an order for a new offshore wind turbine installation vessel. Sweden’s Vattenfall has teamed up with Swire to order the new wind farm installation ship. The company will install 80 Siemens turbines at...
2011-02-21 06:05:05
Daewoo wins 10 18,000TEU's [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering has just won the second largest-scale order in history. According to industry sources today, Daewoo has signed a newbuilding contract with the world's largest container line, Denmark's A.P. Moller M...
2011-02-18 15:37:00
Shanhaiguan wins Pax. series [Shipbuilding]
China's Shanhaiguan Shipbuilding Industry, wholly-owned by CSIC, has clinched a new contract to build up to eight 76,000-dwt bulkers from compatriot shipowner Greathorse Shipping. The order is for four firm ships plus four options. The owner sa...
2011-02-18 14:47:36
Rising scrapping to control oversupply [General]
The continuous recession of the shipping market conditions of both bulkers and tankers is leading in an increase in the volume of ship scrapping. Therefore, rising is a high expectation for the supply control of tonnage. In contrast to the d...
2011-02-18 13:04:01
100m dwt new orders in 2011? [General]
China’s Shenyin Wanguo Securities recently issued prediction report showed in January global new orders reached 4.2m dwt, diving by 57% against a month earlier and 7% against a year earlier. The bulk carrier orders occupied the most in January. ...
2011-02-18 12:19:54
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