Golden Ocean cancels Daehan capesize [General]
Norway's Golden Ocean Group has cancelled an order for a capesize newbuilding at Daehan Shipbuilding, the shipowner says. The John Fredriksen-controlled company “exercised its right under the shipbuilding contract” to cancel the contract. It ...
2010-09-27 08:22:02
Newbuild prices must fall ,,, [Finance]
A Canadian shipmanager says its ambitions for 8,500-teu newbuildings are being thwarted by unrealistic prices. Seaspan is looking at the possibility of adding to its already substantial containership orderbook but yards have to bring prices down....
2010-09-27 08:20:04
SinoPacific pens six ethylene carriers [Offshore]
SinoPacific Shipbuilding Group of China has tied up an order for six ethylene carriers from Luxembourg-based shipping-investment company Jaccar Holdings. Informed sources say Jaccar is paying a total of around $240m for the 12,000-cbm newbuilding...
2010-09-27 08:16:50
Sammok-Jiangsu Eastern ink 82K BC pair [Shipping]
Handysize-bulker specialist Sam­mok Shipping is broadening its fleet to include kamsarmaxes. The South Korean company, which controls 10 handysizes including two owned vessels, has inked a pair of 82,000-dwt bulkers at China’s Jiangsu Eastern ...
2010-09-27 08:15:16
Indian JV floats bulker tender [General]
A joint venture between two Indian state-owned companies — Shipping Corp of India (SCI) and Steel Authority of India Ltd (SAIL) — has made its first move last week to acquire bulkers. SCI has floated three separate international tende...
2010-09-27 08:11:25
Chartworld buys CMA CGM newbuilds [Equipment]
Chartworld Shipping has joined the list of Greek owners entering the containership market with the purchase of four newbuildings originally ordered by financially strapped CMA CGM. Chartworld, better known as a conventional reefer owner, took del...
2010-09-27 08:08:21
Russia invests RUB14bn for shipbuilding [General]
Russian Government allocated 14 billion rubles from the state budget for 2011 to support of the Russian shipbuilding industry, Russian Prime Minister Vladimir Putin said yesterday. Mr. Putin noted that the industry remains a priority for the Russ...
2010-09-27 08:04:11
Chinese demand for steel plates to rise [Equipment]
Zhang Jiaguo, head researcher at the China Shipbuilding Industry Corporation (CSIC), stated at the Far East Steel Conference held recently that, while in 2006-2010 total Chinese demand for shipbuilding steel was 41.52 million mt, equivalent to an ave...
2010-09-27 08:01:25
Sungdong signs 82K BC pair [Shipbuilding]
Korean shipbuilder Sungdong Shipbuilding & Marine Engineering resumed order intakes with kamsarmax orders. Compatriot intra-Asia liner company Sinokor Merchant Marine has signed up for a pair of 82,000-dwt kamsarmax-bulker newbuildings at Sungdong...
2010-09-27 07:19:13
Boxship orders hit 55 [Shipping]
Firm orders for new container ships total 55, adding 306,000 TEU to the global fleet since January. "The rise in ordering activity reflects growing optimism about longer term prospects for the container shipping sector as both carriers and non-op...
2010-09-27 07:10:38
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