Wartsila expects better performance [Equipment]
Finnish engine maker Wartsila's bottom line of EUR 176m ($241.80m) for the fourth quarter of 2010 was down on the EUR 396m booked a year ago but smashed forecasts. Having completed a cull of around 1,000 staff the company is expecting margins to ...
2011-01-31 07:22:59
P+S wins Arctic carriers [Offshore]
Germany's P+S Werften has won orders for five specialized ice-classed vessels from Greenland-based shipowner Royal Arctic Line. KfW IPEX-Bank announced that it is to provide financing for the orders at the German’s Stralsund and Wolgast faciliti...
2011-01-31 07:16:40
Sekwang resale for cancelled AHTS [Offshore]
Ulsan-based Sekwang Heavy Industries has finally clinched a resale contract with Singapore's Swire Pacific for the four AHTS vessels the yard is currently building. The type of the quartet is Bollard Pull 200-ton class high performance AHTS origi...
2011-01-31 06:55:35
Daesun cancels BC's [General]
Korea's Daesun Shipbuilding & Engineering disclosed last Friday that canceled are its two new order contracts to supply bulkers worth KRW 305bn ($274m) in total ordered by a domestic shipowner. The yard said, "The contracts have been terminated s...
2011-01-31 06:50:02
Daewoo inks FEED for 1st FLNG [Offshore]
Korea's Daewoo Shipbuilding & Marine Engineering announced last Friday that it has signed a Front-End Engineering & Design (FEED) contract for an LNG-FPSO ordered by Malaysia's state-run oil company in a joint form with France's Technip. However,...
2011-01-31 06:46:39
Sungdong scores 8,800TEU sextet [Shipbuilding]
Korea's Sungdong Shipbuilding & Marine Engineering has revealed it signed two new order contracts last Saturday to build four 8,800-teu boxships for Swiss's MSC and another two for Greece's Costamare. The units feature 300 meters in length, 48.2 m...
2011-01-31 06:42:24
Deliveries peak, Orders recover [Equipment]
2010 saw the greatest performance in history in deliveries causing a sharp drop in the total orderbook. Plus, new orders have recovered even faster than expected with newbuilding prices having increased by 3.4%. According to Clarkson Research Ser...
2011-01-31 06:38:47
SPP ships awarded 2010's Best [General]
Korea's SPP Shipbuilding has earned the glory of building world's best ships. SPP-built two units have been chosen by Naval Architect as 2010's best vessel. Except for domestic large shipbuilders, SPP is the only one to produce more than two ...
2011-01-28 16:30:54
Jiangmen Nanyang wins two more handies [Shipbuilding]
Handysize bulker specialist builder Jiangmen Nanyang Ship Engineering has won an additional order to build two handysize bulkers from South Africa’s Grindrod Group. Grindrod chief executive Alan Olivier says it went to the yard because of its pr...
2011-01-28 12:49:47
Royal new cruiseship order coming! [Equipment]
Royal Caribbean Cruises may be ready to look to building a new cruiseship. "We feel time may now be right for such a move," Chariman and CEO Richard Fain said. The new ship would be a new class of ship, not another Oasis class ship. There's...
2011-01-28 12:40:29
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