Wah Kwong shifts duo to handies [Shipping]
Wah Kwong Shipping is making a return to the handysize-bulker sector by switching two of its existing supramax contracts at Chengxi Shipyard. Company boss George Chao confirms he has converted the pair of 57,000-dwt Diamond-type vessels to 35,000-dwt...
2010-04-26 07:18:12
Kristian Jebsens cancels bulker duo [Shipping]
Kristian Jebsens Rederi in Bergen has cancelled an order for two specialized 33,000-dwt bulkers at the Mingde shipyard in China due to extensive delays. According to the Norwegian daily Dagens Naeringsliv, Jebsen has been paid back all instalment...
2010-04-26 07:14:48
Fincantieri posts $85m loss [Finance]
Italian state-owned shipbuilder Fincantieri posted a loss of €64m ($85.1m) for 2009 due to plummeting demand, particularly in its core ferry and cruise ship businesses. The loss, the company’s first for eight years, came despite an 11% increa...
2010-04-26 07:12:31
Chinese turns focus to domestic owners [Shipbuilding]
Zhejiang Judger Shipbuilding, based in east China’s Zhejiang province, has refocused on domestic owners after the shipyard resold a cancelled 3,700 dwt chemical tanker to Jiangsu-based energy company Changzhou Xinhua Petrochemical Storage and Trans...
2010-04-26 07:10:50
Wärtsilä orderbook picks up [Equipment]
Finnish engine maker Wärtsilä has described a pick up in its ship power orderbook as a “shy improvement”. The Helsinki-listed company said in its first quarter results announcement that there have been some small signs of recovery, w...
2010-04-26 07:08:03
Greeks in ordering spree [Shipping]
Their country might be bust, but Greek shipowners are once again showing a largesse at Asian yards not seen for a long time. Brokers report that the Greeks ordered a total of nearly $780m in bulkers and tankers in March. April figures are likely ...
2010-04-26 07:05:16
Sembawang signs shiprepair JV [General]
Kakinada Sea Ports Ltd (KSPL) has signed a joint venture project with Singapore's Sembawang to set up a shiprepair facility at Kakinada port, on the Andhra Pradesh coast. The repair yard, to be built at a cost of $375 million, will cater to mer...
2010-04-26 07:02:59
Asians take the lead at Posidonia 2010 [General]
The organisers of this year's Posidonia taking place June 7-11 at the Hellenikon Exhibition Centre expect a record Asian contingent to take attendance to a new height, with a sold-out floor space of more than 30,000 square metres and nearly 1,800 exh...
2010-04-26 07:01:31
Hyundai inks kamsarmax trio [Shipbuilding]
Greece's Restis Group has inked a deal with Korea's Hyundai Heavy Industries to build three kamsarmax bulk carriers. The trio, which is understood to be for delivery by HHI’s Ulsan yard in 2012, will be the prominent shipowner’s first newbuil...
2010-04-26 06:58:18
SPP acquires SHMS & EMS [General]
SPP Shipbuilding's Gosung yard in Korea acquired KOSHA 18001 (SHMS: safety & health management system) from Korea Occupational Safety & Health Agency, and OHSAS18001 (SHMS) and ISO14001 (EMS: environmental management system) from a Norwegian internat...
2010-04-26 06:41:46
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