Mid boxships to be idled again [Shipping]
Medium-sized containerships could face lay-up again as the arrival of ultra-large newbuildings forces many smaller vessels out of work, warns Mediterranean Shipping Co chairman Gianluigi Aponte. He thinks owners have become over optimistic about f...
2011-01-26 14:16:55
China: Just looks beautiful [Shipbuilding]
In 2010, Chinese shipbuilding industry experienced recovery stage. At the beginning of this year, Chief Analyst Bao Zhangjing of China Shipbuilding Economy Research Centre said it just ‘looked’ beautiful. Why? Bao thought both of new orders...
2011-01-26 13:22:32
New Century: Third time for IPO! [Finance]
Jiangsu New Century Shipbuilding, one of China’s largest private shipbuilders, was re-starting IPO plan, which became the hot topic recently in Chinese shipbuilding industry. It was the third time for New Century to try IPO. The previous attemp...
2011-01-26 12:46:31
NK hits the peak of classification [General]
Nippon Kaiji Kyokai (NK) disclosed yesterday that the total of new classification contracts for 2010 is estimated at 664 ships of 20m GT, hitting its highest in history. The combined new classification contracts at the end of December 2010 reache...
2011-01-26 12:12:59
Sanfu wins 51K bulkers [Shipbuilding]
China's private-run shipyard, Taizhou Sanfu Ship Engineering (TSSE) has announced it has signed a newbuilding contract based on CNY with domestic shipowner, Fuzhou Hai Tong Marine, to build three bulkers of 51,000 DWT. The two units will be class...
2011-01-26 11:55:37
KB plans stock swap [Finance]
Seoul-based KB Financial Group is said to be planning a stock swap with SK Group and Hyundai Heavy Industries. According to major Seoul-based banks yesterday, KB is now progressing talks over the own stock swap with SK. Earlier, KB sold its s...
2011-01-26 11:27:09
Anxiety behind accomplishments [Shipbuilding]
In 2010, Chinese shipbuilding industry surpassed Korean rivals in terms of shipbuilding output, new orders and orderbook. Chairman Chen Qiang of Rongsheng Heavy Industries Group said it was the fact that Chinese shipbuilding industry became No.1 i...
2011-01-26 11:25:56
KLC brings almost no loss [General]
It is expected that the recent filing for court receivership of Korea Line Corporation (KLC) will not bring about a great loss to the shipbuilding industry KLC publically disclosed yesterday that it has filed for court receivership to the Seoul Ce...
2011-01-26 10:35:19
Russia-France sign Mistral [General]
Russia and France on Tuesday signed an agreement to jointly build Mistral-class helicopter carriers for the Russian Navy. The agreement was signed by Russian Deputy Prime Minister Igor Sechin and French Defense Minister Allain Juppe in the presenc...
2011-01-26 08:57:11
Rolls-Royce wins PSV package [Equipment]
Rolls-Royce, the global power systems company, announced an order from Singapore-based offshore company, PaxOcean, to provide the ship design, propulsion systems and deck machinery for two platform supply vessels. The order is worth over £1...
2011-01-26 08:53:38
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