40 new order puts GCL's ambition [Shipping]
Grand China Logistics (GCL) has just struck a deal for 40 newbuildings. It could be moving a step closer to achieving its ambition of controlling a 200-ship fleet over the next five years The Shanghai-based company is said to have made a pa...
2010-11-08 09:16:43
Drydocks launches wind-turbine installation vessel [Offshore]
Drydocks World Southeast Asia has launched the newbuild jack-up construction vessel Nora at its Graha shipyard in Batam, Indonesia. It is the second of two Service Jack units that the yard is building for Lysaker, Norway, headquartered Master Marine ...
2010-11-08 08:27:07
Mitsui unveils "neo Supramax 66BC" [Equipment]
Japan's Mitsui Engineering & Shipbuilding has unveiled a next-generation 66,000-dwt bulk carrier design developed to reduce CO2 emission by 30 percent. Named "neo Supramax 66BC," the new ship is an enlarged version of Mitsui's best selling 56,000...
2010-11-08 08:26:02
Tangshan Iron & Steel receives DNV certification [Equipment]
Chinese steelmaker Tangshan Iron and Steel HRP Co. Ltd has received certification from classification society DNV (Det Norske Veritas) for its shipbuilding plate - as announced on November 4 by major Chinese steel producer Hebei Iron and Steel Group....
2010-11-08 08:21:28
Jaya revenue doubles [Offshore]
Jaya Holdings has reported a modest decline in first quarter profits of 4%, despite revenues nearly doubling. Net profits were SGD31.3m ($24.4m) against the SGD32.5m in the first quarter of 2010, the Singapore company said. Revenue for the fi...
2010-11-08 08:18:15
Sanoyas returns to the black [Finance]
Japanese shipyard Sanoyas Hishino Meisho has overturned last year’s losses in the first half, but it is still forecasting a lower annual profit. The company said net earnings to 30 September were JPY 759m ($9.4m), up from a loss of JPY 295m in ...
2010-11-08 08:16:15
Samho Dream free at high ransom [General]
A whopping $9m ransom has been paid to pirates onboard a hijacked South Korean VLCC which has been freed on Saturday morning. The vast sum reportedly paid out to free the 319,400-dwt Samho Dream (built 2002) is believed to be a record amount for ...
2010-11-08 07:29:25
Jinhai in talks for new orders [Equipment]
Bulker and tanker-newbuilding contracts are on the horizon for Chinese shipbuilder Jinhai Heavy Industry. Sources say Indian utility Reliance Power and another owner are in talks with the Zhejiang-based yard over capesize bulkers and VLCCs, respe...
2010-11-08 07:22:41
Yangfan pens 35K BCs [Shipbuilding]
Germany’s John T Essberger is upping its dry-bulk action with an order for 35,000-dwt bulkers. Part of the same group as Deutsche Afrika-Linien, it has inked two Seahorse 35-type ships at China’s Zhejiang Yangfan Group. An option for one ...
2010-11-08 07:20:31
D&K eyes cancelled ship orders [Shipping]
Middle Eastern tanker owner D&K Holdings is eyeing up cancelled newbuilding contracts in South Korea to kick-start its fleet-rejuvenation program. Senior company sources say that they are in talks with SPP Plant & Shipbuilding and SLS Shipbuildin...
2010-11-08 07:16:02
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