Steep recovery in boxship orders [Shipping]
The global containership newbuilding market is getting out of the severe recession of last year, showing a fast recovery. According to Clarkson Research and other related sources, newbuilding orders for containerships hit its lowest in September,...
2010-12-06 08:29:38
Yangfan firms up 35K BC option [Shipbuilding]
Germany’s John T Essberger has ordered a third 35,000-dwt bulker at China’s Zhejiang Yangfan Group. The Hamburg-based owner confirms that it has exercised an option for one more of the handysizes for delivery at the end of 2012. Its dry-bulk ...
2010-12-06 08:24:03
Taizhou Kouan wins MPP quartet [Offshore]
Pacific International Lines (PIL) has doubled its order for multipurpose (MPP) vessels to eight at Jiangsu-based Taizhou Kouan Shipbuilding. Informed sources say the latest 27,000-dwt quartet will be delivered to the Singapore-based owner in 2012...
2010-12-06 08:20:48
Bluesky to pay for Daewoo LNG pair [Finance]
Taiwan's Bluesky LNG is said to be ramping up efforts to secure the cash for its two new LNG carriers. It hopes to take delivery of its two underfinanced LNG newbuildings before the end of this year. Bluesky LNG is understood to be seeking to...
2010-12-06 08:18:17
Hyundai boosts local offshore suppliers [Offshore]
Since the Lehman Shock, high oil price has been holding out, and many expect this situation will continue for a time being. This has been leading the world's oil majors to get interested in revitalizing the development of the global marine resources,...
2010-12-06 08:09:12
'INMEX CHINA 2010' this week [Equipment]
Billed as the largest and most definitive - international maritime expo in South China’s Pearl River Delta Region, INMEX China 2010 will welcome the maritime community from 8 to 10 December 2010 at the China Import & Export Fair Pazhou Complex, Gua...
2010-12-06 07:23:09
Malaysia plans new shipbuilding zone [General]
The Sarawak government has earmarked Kuala Paloh at the tip of Pulau Bruit in Mukah as the largest shipbuilding zone to fully exploit the international market as a ship builder, said Chief Minister Tan Sri Abdul Taib Mahmud. He said the state auth...
2010-12-06 07:16:41
DryShips to raise drillship fund [Offshore]
DryShips Inc. said that its wholly-owned subsidiary Ocean Rig UDW Inc. plans to offer through a private placement approximately $500 million worth of shares of Ocean Rig common stock. The net proceeds of the offering are expected to be used to fi...
2010-12-06 07:12:46
Vinashin struggling to repay [Finance]
Vietnam's state-run Vietnam Shipbuilding Industry Group is asking its creditors for a freeze on a $60m loan repayment due on December 20. Vinashin came to the brink of bankruptcy over the summer, amassing $4.4bn in debts. Among Vinashin's debts i...
2010-12-06 07:10:17
IHIMU widens green ship portfolio [Shipping]
Japan's IHI Marine United has developed a tanker and a bulk carrier that emit 30% less carbon dioxide than its existing offerings, rounding out its eco-ship series. The IHI Corp subsidiary modified the bow design to reduce wave resistance and boos...
2010-12-06 07:07:42
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