Aker Phil could close as orders shrink [Shipbuilding]
The threat of closure looms at Aker Philadelphia Shipyard (AKPS) as it continues to scale back its workforce due to a dwindling workload. The Jones Act builder warned that it may not be able to continue as a going concern for too much longer unle...
2010-10-28 08:22:23
Seaspan reports Q3 loss [Finance]
Financial items again scarred Seaspan’s balance sheet in the third quarter sending the boxship owner deeper into the red. It reported a loss of $70.88m in the three months to the end of September, a shade under $5m above the deficit recorded a ...
2010-10-28 08:18:26
Hellenic Shipyards sale completed [Shipbuilding]
Germany’s ThyssenKrupp has said the contract for selling Hellenic Shipyards to Abu Dhabi MAR has come into effect. The deal was also signed by the Greek government and includes acceptance by the state of all submarines built to date and two mor...
2010-10-28 08:13:56
Precious Shipping newbuilds delayed [Shipping]
Precious Shipping (PSL) of Thailand has warned of inevitable delivery delays to a large number of bulkers on order at ABG Shipyard. The Bangkok-listed owner also saw its third-quarter profit slashed as revenues waned and it did not record any dis...
2010-10-28 08:11:14
Boxship deliveries overflowing [Shipbuilding]
Shipyards are due to deliver 278 containerships of 1.42m teu capacity in 2010 following record deliveries in the third quarter, a leading analyst forecast. Deliveries this year have already reached 1.29m teu -- including 468,000 teu in the third ...
2010-10-28 08:07:21
MAN scores significant Dual-Fuel reference [Equipment]
STX Offshore & Shipbuilding, the South Korean shipbuilder, recently delivered the ‘Castillo de Santisteban’ to Empresa Naviera Elcano, the globally active Spanish shipping group. Five MAN dual-fuel 8L51/60DF engines will power the 300-metre l...
2010-10-28 07:57:56
Guangdong ship export value jumps [Shipbuilding]
According to customs statistics, the ship export of Guangdong Province, China reached 94,000 units from January to September. The amount dived by 46.8% against that of last year but the value hit $2.43bn which was increased by 92.4%. The state...
2010-10-28 07:13:25
VLCC faces loss [Shipping]
According to Norwegian Frontline statistics, at present the freight rate of its VLCC must reach $30,900 per day to avoid loss. Morgan Stanley estimated that the amount of tanker would rise by 13% while IEA announced that the demand for crude oil migh...
2010-10-28 06:55:11
Yangzijiang & CSBC join forces [Shipbuilding]
General Manager Tan Taiping of CSBC confirmed that Chairman Ren Yuanlin (pictured) of Yangzijiang Shipbuilding visited CSBC on 27th of this month, to mutually cooperate for more orders. CSBC said both sides would sign memorandum of understanding....
2010-10-28 06:40:27
Rolls-Royce, STX sign gas turbine deal [Equipment]
Rolls-Royce, the global power systems company, has signed an agreement with STX Engine Co. Ltd. STX Engine, based in Korea, will become a packager of Rolls-Royce industrial gas turbine generating sets in the Asia Pacific region. The agreemen...
2010-10-27 13:03:37
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