Yangzijiang inks 15 BC's [Shipbuilding]
China's Yangzijiang Shipbuilding inked newbuilding orders worth more than $400m in the fourth quarter of 2010. Singapore-listed Yangzijiang says it booked contracts for 15 ships during the period but is tight-lipped about many of the details. ...
2011-01-13 07:00:44
Safe orders pax. in Japan [Shipping]
Safe Bulkers has continued its newbuilding spree after ordering a panamax in Japan. New York-listed Safe will pay around $42m for the vessel with the outlay split between US dollars and Japanese yen. This is the third newbuilding order from t...
2011-01-13 06:57:17
2011 CIMPS Pre-registration Launched [General]
Pre-registration system of 2011 CIMPS has launched on the website, www.china-ship.com. Pre-registration online can enjoy the following: ★ Priority access to information of exhibitors, exhibition related meetings and other events. ★ Get the visit...
2011-01-12 12:43:42
Gov't supports Windfarm industry [General]
The Korean Government has increased various support budget to achieve its target to promote wind power as a 'second shipbuilding industry'. Korea's Ministry of Knowledge Economy (MKE) has announced that it will support KRW 1.0035trn ($900m) for a...
2011-01-12 11:51:34
Press conference over Hanjin's layoff [General]
The citizen measure committee consisting of Korea's four opposition parties and Busan-based 60 civic organizations had a press conference in the city hall square of Busan yesterday to urge the city to make countermeasures while the labor union has be...
2011-01-12 10:23:58
ESPLL to invest $1.1bn for expansion [Shipping]
In spite of unknown forecast of shipping market in next two year, ESPLL was considering investing $1.1bn to purchase 12-unit new ships and two-unit jack up rigs. General Manager Rajiv Agarwal said although the oversupply of ships still threatened ...
2011-01-12 10:22:02
Long way for Chinese shipping [Shipping]
In the first ten years of new century, Chinese shipping industry was rising and drew more eyes. In 2000, Chairman Wei Jiafu was troubled by how COSCO Group could develop. Chairman Li Kelin of China Shipping Group was still carrying out restructuring....
2011-01-12 10:20:37
China: To avoid civil war [General]
Generally speaking, it was not realistic to avoid horizontal competition completely. The competition can not only promoted development but also win-win out tome for the whole industry. However, the vicious competition might also trigger tragedy. W...
2011-01-12 10:19:25
DSIC delivered 5.8m DWT [Shipbuilding]
China's Dalian Shipbuilding Industry Corporation (DSIC) has announced that it delivered 5.8m DWT of newbuildings in 2010. In terms of its sales and industrial output, both have surpassed CNY 20bn ($3bn) for two consecutive years. Dalian is t...
2011-01-12 09:35:28
Newbuild resale price gap wide [Finance]
The resale market for supramax bulkers are getting brokers scratching their heads due to varying prices, especially in China. Deals for four 57,000-dwt ships each at Cosco Zhoushan Shipyard and Yangzhou Guoyu Shipbuilding were struck at around $2...
2011-01-12 08:48:14
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