A.P. Moller – Maersk earns $4.2bn [Shipping]
A.P. Moller – Maersk issued report on 10th that the company earned $4.2bn net in the past three quarters in the context of container shipping uptrend. In addition, the group raised its annual profit target to $5.0bn level, jumping by 25%. Last ...
2010-11-16 10:09:46
Chinese made huge growth in profit [Finance]
The business result of China's six shipbuilders, that began to settle accounts for the period from January to September in 2010, highly increased year on year. Thanks to a continuing increase in sales and a decrease in cost of ship equipment of...
2010-11-16 09:16:57
"Korea outruns China on cutting-edge ships" [Shipping]
Eivind Kolding, the CEO of Maersk Line in Denmark, who attended G20 business summit last week, remarked that in the sector of ship that requires high technology, Korea is still outrunning China. Maersk Line, which has already ordered ships from Korea...
2010-11-16 09:00:56
Daewoo plans Daehan 'Management Outsourcing' [General]
Korea's Daewoo Shipbuilding & Marine Engineering (DSME) made a proposal to Korea Development Bank (KDB), the major stakeholder of Daehan Shipbuilding, that DSME will manage Daehan for a certain period of time and take over it when its management sit...
2010-11-16 08:53:17
Japanese eye Ecoship & New Panama [Shipbuilding]
Japan's shipbuilders revealed their next-generation, new-type ships that feature Eco-ship to save energy and reduce CO2 emission and wide-breadth type ships which are wider than the breadth of the existing Panama Canal. Japan's shipbuilding comp...
2010-11-16 08:36:42
India boosts shipbuilding & coastal shipping [Shipbuilding]
The Indian government has made moves to promote the country’s shipbuilding industry as well as attract more investment to expand coastal shipping. The shipping ministry will now allow Indian-built foreign-flag vessels to trade along the coast a...
2010-11-16 07:45:54
Hudong-Zhonghua wins MPP quartet [Shipbuilding]
Bremen-based Beluga Shipping has ordered the first in a new series of 20,000-dwt multipurpose (MPP) heavylift ships in China where it is also pondering high-value wind-farm-installation vessel order. Boss Niels Stolberg says Beluga has returned t...
2010-11-16 07:41:32
Yangfan pens handysize BCs [Shipbuilding]
China's Yangfan Group is said to have secured a pair of 35,000-dwt bulkers from Belgian ferry and bulker operator Cobelfret. Sources say that Cobelfret is paying around $26m per vessel for delivery in 2013. It is the third shipping company to hav...
2010-11-16 07:34:48
Otto Marine profits increase [Offshore]
Otto Marine’s profits for the first nine months of the year increased 17.5%. The Singapore-listed offshore marine shipbuilder and vessel operator reported net profits of S$49.9m for the first nine months of the year. Revenues were up 53% at...
2010-11-16 07:22:21
Pipavav reports Q2 loss [Finance]
India's Pipavav Shipyard Ltd has announced the Unaudited financial results for the quarter ended September 30th 2010. As per report, the company has posted a net loss of INR 21.978 million for the quarter ended September 30th 2010 as compared to ...
2010-11-16 07:20:04
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