BDI plunges to 2,164p [Shipping]
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of falls, the dry bulk market is fighting for a revival. Yesterday, the industry’s benchmark, the Balti...
2010-11-19 08:16:25
Boxship orderbook swells! [Shipbuilding]
This October, the containership orderbook has risen for the first time after 27 consecutive months of decline, with new orders now pacing out deliveries. The cellular containership orderbook stood at 3.79 Mteu or, 26.6% of the fleet, as at 1 Novem...
2010-11-19 08:12:17
CSIC sells CNY 5bn notes [Finance]
China Shipbuilding Industry Corporation (CSIC), one of the two largest Chinese state-controlled shipbuilding groups with the other being CSSC, has announced that it will issue CNY 5bn ($753.6m) of bond notes next week. The China Shipbuilding Indu...
2010-11-19 08:06:27
‘Things can only get better’ [Shipping]
Products tanker markets have hit rock bottom and are set for a rebound – just not for a while, according to Torm. A relatively “controlled” global tanker orderbook coupled with positive long-term market fundamentals will see products ta...
2010-11-19 07:59:05
Sartor set to order standby newbuildings [Offshore]
Sartor Offshore is ready to order a new standby vessel after securing a long-term charter with Statoil. The Norwegian offshore owner is also close to penning a couple of smaller newbuildings for the UK market to replace older tonnage, its managin...
2010-11-19 07:56:41
Polarcus orders seismic pair [Offshore]
Dubai-based, Oslo-listed seismic vessel operator Polarcus has ordered two new high-end 3D seismic ships. Like the company's existing POLARCUS ASIMA and POLARCUS ALIMA, they will be constructed to the X-bowed ULSTEIN SX134 design, but with a highe...
2010-11-19 07:50:41
Dae Sun inks boxship trio [Shipbuilding]
SITC Development Group Company Limited, the Subsidiary company of SITC International Holdings Co., Ltd., China’s No.3 container shipping line in terms of foreign trade, signed the newbuilding contracts with Korea's Dae Sun Shipbuilding & Engineerin...
2010-11-19 07:23:11
Japan ship export orders fall in Oct. [Shipbuilding]
According to the source Japan Ship Exporter's Association (JSEA) showed on November 16, new orders for export ships at Japanese shipbuilders in October declined to 20 vessels of 680,000 GT (317,089 CGT), falling below 1m GT in five months. 80% of ...
2010-11-18 09:06:30
Imabari focuses on R&D [Shipbuilding]
R&D is being raised as a magnet for new investment by Japan's Imabari Shipbuilding, which used to invest its operating capital mainly in M&A or facility expansion. Since the company has already established the system of building 100 vessels per ...
2010-11-18 08:45:22
Hyundai seems beyond shipbuilding [General]
Hanwha Securities remarked on November 16 that, for Hyundai Heavy Industries, shipbuilding is just one part of business portfolio, and reassessment of the value of its non-shipbuilding businesses will continue. Jung Dong-ik, a researcher of Hanwh...
2010-11-18 08:36:48
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