Tanker outlook: Tough years ahead [Shipping]
Tanker owners are in for a tough two years, but the longer term outlook is more favourable, according to a top shipbroking analyst. Gibson’s head of research Steve Christy believes that VLCC rates will certainly be higher twelve months from now...
2010-09-30 08:12:43
Odfjell cancels tankers in China [Shipping]
Odfjell has axed three newbuildings at a China State Shipbuilding Corp yard and delayed the arrival of three others. Oslo-listed Odfjell says it will be $30m up following a refund from Chongqing Chuandong Shipbuilding Industry after a loan linked...
2010-09-30 08:09:29
Vicious competition bothers China ship repairing [General]
In China’s national ship repairing committee 2010, the price level of ship repairing became the focus. Vicious competition has become China’s ongoing headache. It is known that the price of China’s ship repairing is extremely low. As early a...
2010-09-30 01:57:14
China: To Be Large & Strong [Equipment]
In recent years, China’s shipbuilding industry has gained excellent accomplishments and achievements. The shipbuilding industry becomes a main channel for the whole world to learn the growth of China’s industrial level. In spite of exciting g...
2010-09-30 01:56:33
China offshore plant output hits $15bn [Offshore]
On September 26th, Zhang Xiangmu, Head of Ministry of Industry and Information Technology (MIIT) said in Shanghai that as international marine oil and gas exploitation stepped into deep sea are, the output value of Chinese offshore plants would hit o...
2010-09-30 01:56:01
Taiwan Keeps optimism on Mainland China [General]
Taiwan’s BCC reported that currently global shipbuilding industry mired in recession. However, Taiwanese shipbuilding industry was optimistic on the market of Mainland China. ECFA (Economic Cooperation Framework Agreement) between Mainland China...
2010-09-30 01:55:27
Thailand urges support shipbuilding industry [Finance]
Thai Shipbuilding and Repairing Association (TSBA) said in coming years 113 tankers trading in coastal area would enter demolition yards while the renewed investments on newly-built ships might reach THB50bn ($1.635bn) Chairman Wirat Chanasit of T...
2010-09-30 01:54:50
Single hullers to disappear [Equipment]
According to official statistics, only 53 single hull VLCCs remain worldwide are still operating at present, occupying just 10% of global VLCC fleet. In addition, single hull Suezmax tanker fleet slumps at 20 units, taking 5% of the total. Analyst...
2010-09-30 01:53:59
HHI large engine output 'Over 100m! BHP' [Equipment]
Hyundai Heavy Industries set a new milestone in producing large marine engines as the accumulative production volume surpassed 100 million brake horsepower (bhp) for the first time in the world. The South Korean shipbuilder and engine maker said o...
2010-09-29 13:02:53
SHI eyes 16,000-teu boxship order [Shipbuilding]
South Korean major shipbuilder Samsung Heavy Industries revealed today that it has bagged another 10 8,000-teu containership order from Taiwan's Evergreen, adding to the 10 same type ship orders with the same owner inked in early July this year. S...
2010-09-29 12:09:19
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