US firm to order expedition cruiseships [Offshore]
Florida-based shipmanager International Shipping Partners (ISP) aims to kick-start talks soon with shipyards in Europe and Asia for a fleet of upscale expedition cruiseships. Company president and chief executive Niels-Erik Lund says it has Europ...
2010-11-23 07:29:11
Reliance nearing an order for capesizes [Equipment]
Indian utility owner Reliance Power is said to be close to placing an order for capesize bulkers that is bigger than earlier expected. Sources say it will book six capesizes plus options at a Chinese yard. Officials at the Anil Dhirubhai Ambani g...
2010-11-23 07:22:07
India mulls shipyard subsidies [General]
Indian yards have had their hopes raised on shipbuilding subsidies. The Indian finance ministry is finally expected to consider a subsidy scheme proposed by shipbuilders after a delay of a year. But some remain sceptical they will receive a posit...
2010-11-23 07:19:44
Chinese coal player to order more [Equipment]
China's state-owned coal player Guangdong Yudean is set to return to the newbuilding market. Guangdong Yudean aims to control a fleet of 2.11 million gt by the end of 2012, according to local media reports. It currently has a fleet of just over 1...
2010-11-23 07:17:04
Vinashin unit lays keel for largest pair [Shipbuilding]
The Ha Long Shipbuilding Company, a subsidiary of the Vinashin Business Group, held a ‘keel laying’ ceremony for two new cargo ships weighing 47,500 tons each – the largest ever to be built in Vietnam. The two ships are part of a governm...
2010-11-23 07:09:28
Ouhua adds to kamsarmax backlog [Shipbuilding]
China's Zhejiang Ouhua Shipbuilding has won an order for a kamsarmax newbuilding from New York-listed Safe Bulkers. The 82,000-dwt newbuilding costs $34m, Safe said in a statement. Loukas Barmparis, president of the shipowner, said the vessel is a...
2010-11-23 07:04:03
China: To wipe out ‘zero’ freight [Shipping]
On 19th November, China’s Ministry of Communications convened a meeting in Shanghai. The government emphasized that the non vessel operating common carrier (NVOCC) must provide shipping service at reasonable freight level. The government defined...
2010-11-23 01:59:46
China Shipping to order 4+2 bulkers [Shipping]
China Shipping Development Company Limited, which is subsidiary company of China Shipping Group, announced last Friday that they intended to order four 180,000dwt bulk carriers, totaling $220m. The announcement showed China Shipping Development Co...
2010-11-23 01:59:08
SITC: To buy 20 ships by 2013 [Shipping]
As China’s No.3 container shipowner, SITC International Holdings Company Limited recently issued operation report, which indicated that in the past ten months the company’s container transport volume hit 1.11m TEU, rising by 14.8% against that of...
2010-11-23 01:58:21
Samsung keeps No.1 by orderbook [Shipbuilding]
Korea’s Samsung Heavy Industries (SHI) has retained its No.1 world ranking in the orderbook, followed by Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME), which are in competition for the No.2 position. Accordi...
2010-11-22 09:06:40
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