Hapag-Lloyd confident in 13,200TEUs [Shipping]
Hapag-Lloyd is confident that its order for 13,200-teu newbuildings at Hyundai Heavy Industries will not cause problems within the Grand Alliance. The German line will be able to operate an entire Asia-Europe loop on its own and so not cause upset...
2011-01-25 08:38:46
Petrobras may cut local content [Equipment]
Petrobras wants to reduce its equipment purchases from local companies because of uncompetitive prices. According to local reports, the Brazilian state-controlled oil company wants to slash the share of locally-produced content it uses in its sup...
2011-01-25 08:29:34
New orders pending on uncertainty [Shipbuilding]
With the beginning of the new year proving to be rather challenging in the dry bulk industry, most shipowners have scaled back their investment program in order to evaluate the current state of the market. The Baltic Dry Index (BDI) lost further g...
2011-01-25 08:23:29
Meyer inks first LNG carrier [Shipbuilding]
Meyer Werft has won an order for LNG carrier for the first time. Dutch owner Anthony Veder has penned a contract for a 15,600-cbm unit at the German builder’s Baltic Sea yard. No contract price was mentioned for the 156-metre-long ship in a ...
2011-01-25 08:09:34
Costamare wins 9,000TEU newbuild loan [Finance]
Greek shipowner Costamare has secured ship financing for three newbuildings. Export-Import Bank of China, China Everbright Bank and DnB NOR are providing the funds which will help pay for the 9,000-teu newbuildings on order in China. It is the...
2011-01-25 08:04:53
Twin engines for 18,000TEUs [Equipment]
Giant 18,000-teu containerships that AP Moller-Maersk is soon to order at a Korean yard are expected to be twin-engined and oil-powered, rather than going for alternative fuels such as LNG. Industry sources say the Danish line will install convent...
2011-01-25 07:59:03
MSC says no to 18,000-teu's [Shipping]
Mediterranean Shipping Co seems to have no intention of ordering the world's largest containerships of 18,000-teu. While Danish line AP Moller-Maersk is thought to be just weeks away from signing a gigantic contract worth up to $2bn for a series o...
2011-01-25 07:33:59
Newbuild prices to hit 2008 levels [Finance]
Newbuilding prices are forecast to return to the record levels of 2008 within four years. Arrow Shipping managing director Robert Clancy said at the Marine Money London Ship Finance Forum that a more consolidated shipbuilding industry with less co...
2011-01-25 07:23:45
Samsung eyes Offshore & Green [Offshore]
Korea's Samsung Heavy Industries will intensively engage in the offshore plant market this year. That is, the yard is aiming to secure a matchless competitiveness that cannot be achieved by late-comers, such as Chinese rivals, by sweeping the hig...
2011-01-25 07:04:30
Shipbuilders invest in non-ship biz [General]
Korea's major shipbuilders are expected to increase their investment for this year thanks to expanding facility investment into the non-shipbuilding sectors, such as the renewable business. According to industry sources on 24th January, Hyundai He...
2011-01-25 06:59:13
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