Brightoil purchases tanker pair [Shipping]
China’s Brightoil Petroleum Group has invested CNY1.485bn ($220m) to involve oil refining business. Recently Brightoil announced that the group splashed out another CNY897m to purchase two oceangoing tankers. The purchase money was expected to be c...
2010-08-09 01:02:55
Yangzijiang signs 8 boxships [Shipbuilding]
Greek owner Thenamaris has signed a letter of intent (LOI) with Jiangsu Yangzijiang Shipbuilding to order up to eight boxships. The owner is said to be planning to book two each of 1,800 teu and 2,500 teu for delivery in 2012. The each deal inclu...
2010-07-30 14:18:54
Latsis orders kamsarmax at HMD [Shipbuilding]
The Latsis group has returned to ordering newbuildings after an absence of five years, with a surprise move to book two kamsarmax bulkers. Kostas Vlachos, chief operating officer of the group’s Piraeus-based management company, Consolidated Mar...
2010-07-30 14:16:56
Dynacom switches order at Hyundai [Shipbuilding]
A Greek player has turned a VLCC order into suezmaxes and kamsarmaxes. Dynacom of Greece has booked two 158,000-dwt tankers and two 82,000-dwt bulkers at South Korea’s Hyundai Heavy Industries but contrary to brokers' reports that these are new...
2010-07-30 14:14:12
HMD inks Syrian bulkers [Shipbuilding]
Syrian owner Samin Shipping is ordering two handymax bulkers in South Korea. Boss Ali Samin confirms the order is for two bulkers of 37,000 dwt at Hyundai Mipo Dockyard. “We are negotiating the deal through brokers and it should be conclude...
2010-07-30 14:08:07
SPP wins Hanjin bulkers [Shipbuilding]
Hanjin Shipping has ordered bulkers at a domestic shipyard to replace recently sold tonnage. South Korea’s SPP Shipbuilding will build one 35,000-dwt handysize and one 59,000-dwt supramax for delivery in 2012. Hanjin declines to comment on ...
2010-07-30 14:04:18
Korean wins gas carriers [Offshore]
Singapore investment group TPC Capital is said to have ordered eight newbuilding 12,000-cbm ethylene carriers from a South Korean shipyard in a deal worth over $300m. Greece's Benelux Overseas has also ordered two 17,000-cbm ethylene carriers.
2010-07-30 08:28:01
Sasebo net profit up [Finance]
New ship order cancellation fees are behind a large hike in first-quarter (April-June period) profit at Japan's Sasebo Heavy Industries. The Japanese shipbuilder has, however, stuck to its originally full-year profit forecast as revenues were slash...
2010-07-30 08:22:44
Keppel wins WT installation vessel [Offshore]
The Seafox Group has selected Keppel FELS Limited's multi-purpose self-elevating platform (MPSEP) design as the basis for a new-generation, wind turbine installation vessel. A 75/25 joint venture (JV) company has been formed by Keppel FELS and Se...
2010-07-30 08:19:14
CSAV eyes capital injection [Finance]
Chilean container line CSAV is planning a $400m capital rise to pay for newbuildings. The company said the scheme replaces one announced in August 2009 to increase its capital by $360m. The new cash will go towards restructuring and financing...
2010-07-30 08:15:39
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