Shipowners eye Shanghai money [Finance]
With relations between Greece and China taking a great leap forward in recent weeks, Shanghai rather than New York could become a shipowner’s top pick when tapping the money markets, it is suggested. On the back of Chinese Premier Wen Jiabao’s fi...
2010-10-08 07:44:13
Greeks not buying tankers [Shipping]
An absence of Greek buyers in the tanker sale-and-purchase market kept deals at a premium last month. Only the sale of six aframax tankers to IPO hopeful Groton Pacific kept the market ticking in an otherwise uneventful period, according to Greek...
2010-10-08 07:39:26
China reserves No. 1: Triple Crown [Shipbuilding]
The three major indicators - order backlogs, new orders and deliveries - for shipbuilding competitiveness suggest that the gap between China and South Korea is getting wider in the course of time this year. According to Clarkson Research Services...
2010-10-08 07:36:27
Shandong: Bothered by $298m shortage [Shipbuilding]
In the first seven months of this year, the order intakes of Shandong Province China reached 1.67m dwt, which is the 10.4 times that against last year. The orderbook achieved 8.80m dwt. In this year, the new orders are expected to hit 4.5m dwt. U...
2010-10-08 01:36:08
Weihai: To rely on Korea [Shipbuilding]
Weihai, located in Shandong Province, is also a shipbuilding base in China. Different from China’s other shipbuilding bases, Weihai really focuses on Korean investments and always enhances open up to Korea. In recent years, local shipbuilding in...
2010-10-08 01:33:57
Lloyds quits shipping finance [Finance]
Lloyds Banking Group has decided to quit shipping finance and would not accept any related business. It may influence the group’s presenting shipping investments. To ‘let them alone’ may become final solution. During booming time, Lloyds Ban...
2010-10-08 01:33:25
STX set to win 13,000TEUs [Shipbuilding]
South Korea's STX Offshore & Shipbuilding is reportedly about to win a milestone order for 10 mega containerships. Local and overseas media reported that Sammy Ofer’s Zodiac Maritime is ordering 10 13,000-teu containerships at the yard. They...
2010-10-07 13:08:35
Samsung meets order target: $8bn [Offshore]
Samsung Heavy Industries announced Thursday that it has won an order for construction of a floating production unit (FPU) in the North America and another contract to build an offshore wind turbine installation vessel with Southeast Asian shipowner. ...
2010-10-07 12:00:18
SCI surges in Mumbai [General]
Shares in Shipping Corp of India (SCI) have surged by the most in six years after the government confirmed it would sell part of its holding. The stock jumped as much as 21% on Wednesday to INR 202.7 ($4.56). India is selling 42.3m shares in the ...
2010-10-07 08:06:24
Turkish owners backed by banks [Finance]
Turkish shipowner Sadan Kaptanoglou says her compatriots are not facing a lending crisis. The Kaptanoglou group executive, who flew into Athens for the Greek Shipping Summit, said the Turkish sector has been fortunate that local banks are strong ...
2010-10-07 08:04:55
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