Tanker order cancellations gain speed [Shipping]
Nearly 150 tanker newbuilding orders were cancelled in 2010, with the overwhelming majority involving smaller tankers, higher even than the 145 ships ditched in 2009. In terms of numbers, roughly 80% have been medium-range (MR) products tankers o...
2011-01-24 09:02:37
Japanese orders capes in China [Shipping]
Japanese privately-owned pure tonnage provider Santoku Shipping has ordered newbuildings at a foreign shipyard amid continued high yen situation. The Osaka-based shipowner says it has penned two capesizes plus one option at a state-owned shipyard...
2011-01-24 08:56:37
Xingang pens capes [Shipbuilding]
China's Tianjin Xingang Shipbuilding Heavy Industry has signed a contract with France's Louis Dreyfus Armateurs (LDA) to build four 180,000-dwt capesize bulkers. Newbuilding price is said to be $52m each with delivery set from the end of 2012 into...
2011-01-24 08:49:30
Hyundai to win VLGC pair [Shipbuilding]
Hyundai Heavy Industries is said to be in the process of winning another pair of very large gas carriers (VLGCs) from Petredec. Sources say the ships will likely cost around $75m each, which would be in line with market expectations. Delivery...
2011-01-24 08:43:40
Kleven pens Olympic OSV [Offshore]
Olympic Shipping has entered into a contract for delivery of one Offshore Support Vessel at Myklebust Verft, a yard in the Kleven Maritime group in Norway. Delivery is agreed as September 2011. The early delivery is made possible due to the fact ...
2011-01-24 08:34:22
Krasnoyarsk wins bunkering ship [Equipment]
OJSC Krasnoyarsk Shipyard was awarded a RUB 400m order (USD 13.3m) for a fuel bunkering vessel from MMC Norilsk Nickel. On January 20, 2011 the shipbuilder started the construction of the vessel of capacity of 1,110 tons. This class of marine ves...
2011-01-24 08:29:42
Grand China buys 95% stake in yard [Equipment]
Titan Petrochemicals Group has on Thursday approved a 95% disposal of its equity stake held by two of its subsidiaries in Titan Quanzhou Shipyard in China. Grand China Logistics, a member of Hainan Air Group, will acquire the 95% disposed equity ...
2011-01-24 08:24:34
Asia to top ship financing [Finance]
Asia is set to dominate the ship finance segment by the end of the decade. “The results clearly show that Asia will dominate the shipping sector by the end of the decade,” said Finance IQ who carried out the survey on 3,000 shipowners and fin...
2011-01-24 08:20:26
3.Maj bid fails [Finance]
Croatia has rejected a foreign company's bid to buy the 3.Maj Shipyard. Austria’s A-Tec had placed a bid last year, but the government has now rejected its offer due to its "financial difficulties". A new privatisation tender has been opene...
2011-01-24 07:25:20
P+S Werften inks CSV [Offshore]
Germany's P+S Werften announced that it has secured an order for an offshore construction vessel. KfW IPEX-Bank will provide a EUR 120m ($162m) loan to cover the purchase price. The shipyard revealed a shipping company registered in the Far E...
2011-01-24 07:18:32
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