Shanghai: Pessimistic on Q1 [Shipping]
Shanghai International Shipping Institute recently issued ‘Chinese Shipping Report of 4th quarter 2010’. The report showed pessimistic views on forecast 2011 due to unclear economic situation and cost rising. In the first quarter of 2011, the...
2011-01-19 10:43:17
HMD stops building IRISL bulkers [Shipbuilding]
Korea's Hyundai Mipo Dockyard (HMD) has recently announced that it will cease building the seven 33,770-dwt bulkers ordered by Iran's IRISL on 25th June 2008. According to the yard, the new order contract for the seven bulkers was signed with IRI...
2011-01-19 10:26:29
IHIMU inks 120K tanker [Shipbuilding]
Japan's IHIMU has won one 120,000-dwt tanker from JX Nippon Oil & Gas Exploration, a subsidiary of JX Nippon Oil & Energy. The newly ordered unit is a replacement for the old coastal ship of the shipowner and is scheduled to meet the owner in 201...
2011-01-19 09:55:56
Fleetway wins ferry design order [Equipment]
Canadian design company Fleetway has won an order to design six new ferries for Newfoundland and Labrador. Fleetway, part of shipyard group Irving, must finish its blueprints by early spring in 2012. A tender to actually build the ships will go o...
2011-01-19 09:12:48
Dannebrog scraps ro-ro [General]
Nordana Line affiliate Dannebrog has secured close to $8m from a demolition deal tied to one of its oldest ro-ros, sources say. The diversified Danish owner trimmed the Charlottenborg (ex- Romain Delmas, built 1981) from its portfolio after sealin...
2011-01-19 09:09:34
Noble inks drillship charter LOI [Offshore]
New York-listed Noble Corp says it has inked a letter of intent (LOI) with a subsidiary of Royal Dutch Shell for a newbuilding that is expected to commence operations in the second half of 2013, according to a filing with the US Securities and Exchan...
2011-01-19 09:05:46
Global fleet expands 10.1% [Shipping]
According to a new report from N. Cotzias Shipping Group, the world’s shipping fleet in service has grown by 10.1% in terms of carrying capacity (dwt), and amounts 1.39 billion tons compared to 1.26 billion tons in 2009. The largest year on yea...
2011-01-19 08:49:35
Japan orders exceed 10m GT [Shipbuilding]
After falling for 15 months in a row, Japanese export ship orders rose for the 13th consecutive month in December on a year-on-year basis, soaring 162.1 percent to 1,236,270 gross tons, according to figures released by the Japan Ship Exporters’ Ass...
2011-01-19 08:39:48
529 BC orders cancelled in 2010 [Shipbuilding]
Dry-cargo newbuilding orders were cancelled at a rate of 10 ships per week in 2010, a new report shows. However, the cancellation has done little to alleviate overcapacity problems, it is claimed. Greek broker N Cotzias says 529 bulkers were a...
2011-01-19 08:26:14
AHTS newbuild quartet canceled? [Offshore]
Germany's ER Schiffahrt has reportedly axed a quartet of offshore support vessel newbuildings which had been ordered at Sekwang Heavy Industries of Korea. The German owner said the delays in completion to the anchor-handling tug supply (AHTS) uni...
2011-01-19 08:16:51
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