Japanese develops new antifouling paint
The Cooperative Association of Japan Shipbuilders (CAJS), a group of midsize shipbuilders, will launch a new project in fiscal 2009 to develop an antifouling paint that can prevent organisms from attaching to the ship bottom. The one-year project wit...
VLCC sale for demolition emerging
Sale of VLCCs for demolition surfaced for the first time after a long hiatus. According to a market report, a 254,956-dwt VLCC completed in 1984, the Eleuthera, was sold to a Bangladesh dealer at a per-light ton price of $355. VLCC scrapping will ...
Tsuneishi sales up 13.4%
Tsuneishi Holdings Corp. announced its business results for fiscal 2008 (January-December) at a press conference in Hiroshima Prefecture on Apr. 9. It said that the shipbuilding division posted Y191.9 billion ($1.91bn) in sales, up 13.4% over the yea...
Jakarta player mulling offshore debut
Samudera is on the lookout for viable projects to pump its move. Indonesia's Samudera Group is planning a major thrust into the offshore market. The company, which is better known for its container and tanker activities, says it will make the move...
Qatar looks at ship-to-ship transfers
Qatar's LNG producers are eyeing ways to conduct ship-to-ship (STS) cargo-transfer operations from their Q-max vessels in order to increase their trading range. Those handling the process are examining the purchase of large-diameter flexible cryog...
Bonyad grabs bargain capesize
An Iranian player is making the most of depressed bulker values. Iran's Bonyad Shipping has taken advantage of rock-bottom bulker values to make a break into the capesize sector. The company has picked up Toyo Sangyo's 141,000-dwt Lady Madonna (bu...
CSAV may cancel post-panamax quartet
The future of Chilean carrier CSAV's newbuilding portfolio is in the hands of the banks. The buzz is mounting that four 12,550-teu post-panamaxes on order for the line may be cancelled. A decision appears imminent as bankers involved in CSAV's res...
New 250K VLOC underway
Sources say yards in Japan, South Korea and China have been sounded out to design a new 250,000-dwt bulker specifically for the coal trades. One industry expert says the impetus has come from the world's largest mining company, Australia's BHP Bil...
K Line halts fleet expansion plans
A Japanese player is rethinking plans to expand its boxship and car-carrier fleets. Japan's K Line has drawn up a plan to reduce its fleet size in response to the downturn and is rethinking its long-term expansion ideas. Containerships and car ...
China, key for shipping
Despite the global recession, China remains vital to the future performance of shipping markets. Isn't it disturbing just how short our collective memory can be at times? And isn't it just as shocking how we can forget even hard-learned lessons so qu...
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