HHI boxship order cut in half [Shipbuilding]
Mystery European shipowner has cancelled four ships of an eight boxship order at Hyundai Heavy Industries (HHI) as the yard accepts the cash-strapped owner's request. The South Korean builder refused, however, to identify the owner behind the cho...
2010-10-04 07:19:04
HHI inks 45 ships worth $3bn [Shipbuilding]
Hyundai Heavy Industries announced that it has secured new ship orders worth $2.983bn during the first eight months of this year, compared to a meager $381m in the same period of last year. The number of new ship orders at the world's largest ship...
2010-10-04 07:09:23
STX delivers 13,000-teu boxship [Shipbuilding]
STX Offshore & Shipbuilding said on Sunday that it has delivered the 13,000-teu ultra-large containership MSC BERYL to Greece's NIKI Shipping late last month. The vessel has secured EEDI certification from Germanischer Lloyd for the first time as ...
2010-10-04 06:59:17
Rongsheng: Another life [General]
China’s Jiangsu Rongsheng Heavy Industries is a large private shipbuildder established just five years ago. However, Rongsheng has made unbelievable achievements. The orderbook ranks China No.1 and World No.5. How can it be? Recently Chen Qiang, wh...
2010-10-04 04:02:57
China to set up polar research fleet [Offshore]
The polar research ship is powful support for polar exploitation. In next five years, China intends to set up a modern polar research fleet, to enhance polar research capacity. An insider revealed that China was preparing to build another new pola...
2010-10-04 02:40:22
Oil freight to rise [Shipping]
Chinese official sources showed that during 2010 to 2011 the growths of oil shipping capaciy supply were around 4.16% and 6.20% respectively. Previously Clarksons statistics were 3.5% and 7.4%. On the other hand, the demand growths were thought to hi...
2010-10-04 02:02:22
DSME builds new yard for offshore plants [Offshore]
Daewoo Shipbuilding & Marine Engineering is to construct a state-of-the-art shipbuilding complex dedicated to building high value-added offshore plants like drillship, LNG-FPSO, FSRU, etc. To that end, DSME singed a contract on September 29th to b...
2010-10-01 12:19:58
New highs always mean terrible? [Shipping]
Citigroup thought the major trend during 2010 to 2011 was similar to that of 2005 to 2006. In August, HSH Nordbank, the largest ship finance bank in Germany, announced they would stop new business of ship finance due to unclear forecast in coming mon...
2010-10-01 11:53:53
Container shipping steps into low tide [Shipping]
Hong Kong media reported that container shipping market is not optimistic next year. Morgan Stanley also expressed that the market would step into low tide after experiencing traditional hot season. The demand growth was thought to slump at 6% while ...
2010-10-01 10:46:24
Differences among giants [Shipping]
As is reported earlier, Chairman Wei Jiafu of COSCO Group expressed global shipping industry was fully recovering. It would become better in next two years. Maersk also said the shipping lines might cut down capacity from 4th quarter due to demand sl...
2010-10-01 10:00:47
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