CSIC: Pursuing China’s dream [General]
In August Chinese media eyed on China Shipbuilding Industry Corporation (CSIC) again. With 320,000dwt MT BW LOTUS and MT BW PEONY rolled out, the record of the largest China-built tankers was refreshed. ‘To build large dock and large ship’ ...
2010-10-11 01:33:37
Supporting Greece to buy Chinese [Shipping]
China’s Premier Wen Jiabao recently visited Greece in October. The two countries exchanged views on global hot issues and reached several agreements, enhancing strategic parternerships. Wen Jiabao said China and Greece were both ancient civiliz...
2010-10-11 01:33:00
YS Heavy makes a new start [Finance]
South Korea's YS Heavy Industries is being reborn as 'Yeosu Offshore' (tentative English name). The Yeosu-based shipbuilding and shiprepair company was deemed non-viable by the country's Financial Supervisory Service in the credit-risk review of s...
2010-10-08 12:56:57
Daewoo eyes Daehan again [Equipment]
South Korea's Daewoo Shipbuilding & Marine Engineering is showing interest again in buying compatriot Daehan Shipbuilding. Earlier this year it had mulled acquiring Daehan, but it did not participate in the regular tender. Industry players beli...
2010-10-08 08:16:32
Wärtsilä & Ecospec team up [Equipment]
Wärtsilä and Ecospec have signed an agreement to work together on developing clean power solutions. Under the memorandum of understanding, Wärtsilä is responsible for integrating Ecospec’s CSNOx system, an emissions abatemen...
2010-10-08 08:03:09
BDI moves higher [Shipping]
Despite the absence of China from the dry bulk market as a result of a weeklong National Holiday, the dry bulk market and more specifically the industry’s benchmark, the Baltic Dry Index (BDI) has kept its positive momentum throughout the week, end...
2010-10-08 08:01:08
K Line funds owners' newbuilds [Finance]
K Line is preparing to take on dozens of newbuildings under its direct ownership rather than bankrupt owners by forcing through long-term charter agreements, says president Kenichi Kuroya. Kuroya’s comments are the first indication Japan’s ma...
2010-10-08 07:58:23
"Crisis is over", JR Shipping [Shipping]
Dutch feedership specialist JR Shipping is claiming its financial crisis is over. The Harlingen-based company has reached an agreement with investors and banks to secure its future of its CV (limited partnerships) companies that until recently fa...
2010-10-08 07:55:03
Nanaimo expects to win BC deal [General]
Canada’s Nanaimo Shipyard is hoping to win a slice of BC Ferries' big vessel upgrade program. BC will spend CAD 20m ($19.76m) on its vessels in the near future following a deal with the federal government. Canada is scrapping a 25% tax on i...
2010-10-08 07:52:03
Yangzijiang pockets $123m in Taiwan listing [Finance]
China’s Yangzijiang Shipbuilding has announced it raked in TWD 3.76bn ($122.54m) from its groundbreaking IPO in Taiwan last month. The shipyard group issued 100m new shares in the form of Taiwan depository receipts. It was the first Chinese...
2010-10-08 07:48:53
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