DaeHan wins two capesizes [Shipbuilding]
Korea's DaeHan Shipbuilding is seen to make this year's first newbuilding contract to build two capesize bulkers ordered by Hanjin Shipping. According to industry sources, Hanjin Shipping revealed through a public announcement on the 28th of Janu...
2011-02-14 06:21:20
COSCO focus special shipping [Shipping]
As construction projects of China’s express railway came out, COSCO was expecting to dig more gold from specialized cargo shipping. As is reported earlier, 18 MPPs and heavy-lifters were to be delivered during these two years while 10 units of them...
2011-02-14 01:01:59
From creditor to shipowner [General]
Mr Wang started his career as staff of a Chinese state-owned company in the 1980s’. In 1987, most Chinese coastal cities were cruising on highway of economy development. Unfortunately, the company Wang worked in was locate in Chongqing, which was a...
2011-02-14 01:01:29
Chemical fleet to recover [Shipping]
American Chemistry Council (ACC) recently issued a report which predicted annual output of global chemistry was expected to rise by 5.4% in 2011 while in 2010 the figure was around 8.8%. The emerging countries showed strong demands for chemistry prod...
2011-02-14 01:00:51
Anhui: Ship export keeps stable growth [Shipbuilding]
Anhui Province was located in inland area of China. However, it was an important shipbuilding base. According to customs statistics, the ship export value of Anhui Province reached $270 in 2010, rising by 120%! About $260m of them were exported by...
2011-02-11 17:04:12
Newbuilding prices set to fall? [Shipbuilding]
Freight rates and secondhand-ship values are falling at the start of the new year and some are asking whether newbuilding prices are the next to face a way to south. Both tanker and dry-bulk freight rates have slumped to levels not seen since shor...
2011-02-11 15:25:30
Hyundai wins 10 8,800TEU's [Shipbuilding]
Mediterranean Shipping Co (MSC) is backing up to 10 super post-panamax containership orders at Korea's Hyundai Heavy Industries. The orders are made up of six 8,800-teu wide-beam boxships and options for another four. Hyundai is said to have wo...
2011-02-11 14:50:05
China: Pale but hopeful in 2011 [Shipbuilding]
On February 8th, Morgan Stanley predicted in 2011 Chinese shipbuilding industry was expected to be weakened because global new orders were decreased by 7% against the same period of last year and dived by 57% against a month earlier. As is known,...
2011-02-11 14:27:34
Golar to supply converted FSRU [Offshore]
Golar LNG Energy will convert an idle LNG carrier to a FSRU (Floating Storage Regasification Unit) to put it into the West Java FSRU project led by Indonesia's state-run oil company, Pertamina. The 1977-built LNG ship currently laid up in Norway ...
2011-02-11 13:10:43
Jinling wins MR tankers [Shipbuilding]
China's Jinling Shipyard has secured an order for two 42,000-dwt medium-range products tankers from Ethiopian Shipping Lines (ESL). It is the first tanker order for the yard in four years. And ESL is returning to the tanker sector after an absence...
2011-02-11 12:58:50
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