Hyundai worries over technical break [Equipment]
Korea's Hyundai Heavy Industries concerns about discontinuation of technology transfer as a large number of workers retires due to age every year. The total number of retirees at Hyundai reaches 800 this year, 637 in 2007, 659 in 2008, 675 in 200...
2011-01-18 10:27:39
Tsuneishi secures ¥10bn financing [Finance]
Japan's Tsuneishi Holdings Corporation inked a loan agreement with five local banks late last year including Chugoku Bank. Tsuneishi secured the commitment line of up to JPY 10bn ($121m), which will be made available in the form of syndicated loan...
2011-01-18 09:12:42
Naikai develops new PCC model [Equipment]
Naikai Zosen has developed a new pure car carrier (PCC) fitted with an energy-saving device called "Spray Tearing Plate (STEP)". The Japanese yard and the National Maritime Research Institute (NMRI) announced on January 14th that they jointly deve...
2011-01-18 09:01:36
Gram cuts PCTC orders [Shipping]
Norway's Gram Car Carriers is reducing its massive car carrier newbuilding program. The company was set to take delivery of as many as 12 newbuildings against long-term charters to Japanese car operators but the tally has now been cut, at least t...
2011-01-18 08:34:27
Tanker deliveries to speed up [Shipping]
Tanker newbuilding deliveries are set to accelerate in 2011, a top US broker has predicted. Charles R Weber says the four major tanker segments – VLCC, suezmax, aframax and panamax – will all see slippage rates fall below those of 201...
2011-01-18 08:17:57
Capes line up for scrapping [Shipping]
Capesize bulkers are waiting to be scrapped providing a further boost for a red-hot market, it is claimed. In its weekly report, GMS indicates a minimum of five capesizes are under negotiation and even more are tipped for scrapping over the coming...
2011-01-18 08:12:13
STX invests $320m in new orders [Shipping]
Korean shipowner STX Pan Ocean announced that it will further invest in new ships this year. The company said in a statement that it plans to spend $320m on new vessels in 2011, centering on bulkers. But this is dependent on the market and yard c...
2011-01-18 07:32:24
Sembawang awarded research ship [Offshore]
Sembcorp Marine’s subsidiary Sembawang Shipyard has secured a newbuilding and three major upgrading contracts totalling S$215 million. The first contract is awarded by Teekay Shipping (Australia) Pty Ltd for the Engineering, Procurement, Constru...
2011-01-18 07:26:03
Hongming inks handy [Shipbuilding]
China's privately-owned Jiangsu Hongming Shipbuilding announced that it has secured a handysize-bulker order from a domestic owner Huasheng Jiangquan Shipping. The Shandong-based owner penned the contract for the 31,000-dwt vessel last month for ...
2011-01-18 07:09:49
Yangzijiang pens Pax. sextet [Shipbuilding]
Yangzijiang Shipbuilding has inked six bulkers from domestic shipping newcomer. Rewood Ocean Shipping has splashed out more than $216m on six bulk carriers at the yard. A source says the Hebei-based company has gone to Yangzijiang for the 76,0...
2011-01-18 07:03:21
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