Korea needs 'advanced ship fiancing' [Finance]
Many point out, to develop Korea's ship financing system, government's supports and specialist training should be implemented first. Eric Borgen, a general head of corporation for Asian regions at the Singapore Corporation of DnB NOR Bank, remark...
2010-12-14 10:26:18
Shipbuilding to show steady recovery [Shipping]
Song Jae-hak, an analyst at Woori Investment & Securities, laid an advice as saying, "the global shipbuilding industry has taken an upward trend in a full scale since 2010 thanks to a rise in newbuilding orders and the newbuilding prices, etc." "The ...
2010-12-14 08:46:00
China overwhelms Korea [Equipment]
Korean shipbuilders fell behind Chinese shipyards again by a huge gap in new orders in November, with the total new orders secured by Korean yards for November standing at 20 vessels while that of Chinese yards during the same period recording 85 ves...
2010-12-14 08:40:07
Wärtsilä to power UK research ship [Equipment]
Wärtsilä is to supply the propulsion equipment for the state-of-the-art research vessel ordered from the C.N.P. Freire S.A. shipyard in Vigo, Spain, by the U.K.'s Natural Environment Research Council (NERC). The contract calls for W&aum...
2010-12-14 08:37:40
Indonesia approves Masela FLNG [Offshore]
Indonesia has approved a development plan for the Masela liquefied natural gas floating terminal project run by Japan's biggest oil and gas explorer Inpex Corporation, according to reports. The floating LNG project will have capacity of 2.5 milli...
2010-12-14 08:25:45
Russia and Japan to build LNG plant [General]
Japan is set sign an agreement with Russian giant Gazprom to study the business prospects of building a liquefied natural gas plant in Vladivostok, a trade ministry official said today. "We are preparing to sign a document to agree on a feasibili...
2010-12-14 08:23:48
Turkey builds new-generation tanker [Shipbuilding]
Delta Marine, Omega Marine and Mesh have jointly developed and designed a sophisticated oil product/chemical tanker built under Bureau Veritas classification for worldwide trade. Named Omega 2, the Istanbul-based consultancy Delta Marine carried o...
2010-12-14 08:20:27
Grand China buys shipyard [General]
Titan Petrochemicals is selling its 95% stake in Titan Quanzhou Shipyard to Grand China Logistics, the company confirmed Monday. Grand China Logistics has agreed to pay CNY1.8bn ($280m) for the yard in which Japan’s K Line owns the remaining 5%....
2010-12-14 08:18:03
Utkilen scraps chem-tanker [General]
Norway’s Utkilen has pulled in $2.7m from the demolition of an ageing chemical-tanker, brokers said Monday. The 8,693-dwt Vikstraum (built 1981), the oldest vessel in the privately-held owner’s fleet of chemical and oil carriers, fetched $782...
2010-12-14 08:14:44
OOIL delays delivery of 8,600TEUs [Shipping]
Hong Kong-listed line OOIL announced Monday that it has delayed delivery dates of four newbuildings. Bermuda-incorporated Orient Overseas (International) Limited (OOIL) has pushed back the arrival of four newbuildings under construction in China....
2010-12-14 07:33:35
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