DryShips lands drill contract [Offshore]
DryShips has removed some of the uncertainty surrounding the funding of its drillship newbuildings after securing a contract for one of the units. Boss George Economou says the charter with a US contractor will help the shipowner to finance the u...
2010-09-29 08:20:11
DNV issues EEDI certification [Shipbuilding]
On 10 September DNV verified that two newbuildings at Oshima Shipyard in Japan have been built according to a guideline from IMO encouraging reduction of greenhouse gas emissions in shipping. The Energy Efficiency Design Index (EEDI) is a new te...
2010-09-29 08:17:22
CSDC inks 12 more bulkers [Shipbuilding]
China Shipping Development Co (CSDC) has continued its newbuilding spending with orders for 12 bulkers at domestic yards. The Hong Kong-listed company, controlled by China Shipping Group (CSG), will pay $383m on the 48,000-dwt bulkers at CSG ship...
2010-09-29 08:14:28
Samsung wins Evergreen 10 again [Shipbuilding]
Samsung Heavy Industries announced today that it has penned another batch of containership newbuilding orders with Evergreen. The Taiwanese owner has inked seven 8,000-teu vessels at the South Korean shipbuilder on Tuesday, adding to the 10-ship ...
2010-09-29 07:26:51
Doosan awarded $52m power plant [Equipment]
Korea's Doosan Engine has been awarded a KRW 60bn ($52m) diesel power plant construction deal by Bangladesh's NMPTCL. Both companies held a signing ceremony for the deal in Dhaka on September 27th. Under the contract, Doosan will construct a 10...
2010-09-28 12:28:22
BOC supports European boxship orders [Finance]
The involvement of Bank of China in a big newbuilding order for European owners looks to be ‘part of a trend’. A Chinese bank has notched up a first on the European boxship scene. Bank of China (BOC) is expected to finance an order for up...
2010-09-28 08:44:15
500 cancellations fail to solve overcapacity [Equipment]
The threat of overcapacity continues to haunt the dry-bulk market despite the cancellation of more than 500 newbuildings during the past 12 months, a new report says. The capesize, post-panamax, panamax and supramax sectors face an “alarming”...
2010-09-28 08:42:29
MISC yard IPO price down [Finance]
MISC may bag less than previously thought when its shipbuilding wing goes to the capital markets later this year. The Malaysian owner last week set an indicative price for its mooted initial public offering (IPO) of Malaysia Marine & Heavy Engine...
2010-09-28 08:39:58
PGS calls off seismic order [General]
Norwegian owner Petroleum-Geo Services (PGS) has cancelled a third seismic ship at the Factorias Vulcano shipyard in Spain. Its subsidiary, Arrow Seismic Invest VI, told the yard it was terminating the contract for newbuilding Hull No 535. Th...
2010-09-28 08:36:55
Shipbreaking edges higher in August [Equipment]
With the Baltic Dry Index (BDI) now on the downslide and tanker rates posting heavy falls during the previous weeks on oversupply issues, ship owners around the world took a second look on their ageing vessels, many opting to finalize scrapping deals...
2010-09-28 08:33:13
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