Jinhai pens panamax pair [Shipbuilding]
Golden Ocean Group has signed up for two more panamax newbuildings at a Chinese yard as part of a large-scale restructuring of its newbuilding program. The John Fredriksen-controlled company has won a reduced contract price for a capesize order w...
2010-09-20 07:55:44
Hamworthy in £20m Chinese deal [Equipment]
UK marine systems company Hamworthy has won a £20m ($31.41m) deal to sell gas carrier equipment into China. The company said the contract with Nantong Sinopacific Offshore & Engineering entails supply of cargo-handling systems for six 12,00...
2010-09-20 07:53:51
DSME mulls DSEC IPO? [Equipment]
Daewoo Shipbuilding & Marine Engineering finally looks like it is going to float its design wing as it applies for a listing. Daewoo Ship Engineering Co (DSEC) has applied for an initial public offering in South Korea, reports indicate. No de...
2010-09-20 07:51:53
Bollinger inks $166m orders [General]
US shipbuilder Bollinger Shipyards is about to bank $166.1m from a quartet of newbuilding contracts penned by the US Coast Guard (USCG). The Lockport, Louisiana-based construction cartel has landed a deal to build 34 153-feet-long patrol boats, a...
2010-09-20 07:49:27
Jinhai bags Frontline VLCCs: Price cut [Equipment]
Norway's Frontline has negotiated a price cut for four VLCCs at China’s Jinhai Heavy Industry (former Zhoushan Jinhaiwan Shipyard) and signed up for a fifth in the series. The restructuring of the order leaves the owner with a total bill of $52...
2010-09-20 07:46:15
Cosco Guangdong wins bulkers [Shipbuilding]
Cosco Corp (Singapore) has added two more bulkers to its newbuilding list. The Chinese-owned company said the 57,000-dwt and 35,000-dwt ships will be built at its Cosco (Guangdong) yard for delivery in August 2012 and December 2012. The contr...
2010-09-20 07:42:27
Stolt gets refunds from SLS [Finance]
Norway's Stolt-Nielsen has received $211.3m in refunds from South Korea’s SLS Shipbuilding for six cancelled tankers. The company said the cash, plus interest, was part of an early termination agreement with the shipbuilder for 43,000-dwt parce...
2010-09-20 07:40:38
Mokpo Shipbuilding files [Finance]
South Korea's small and midsize shipbuilder Mokpo Shipbuilding has recently filed for a court receivership. The company said, "We estimate our liquidation value stands at KRW 37.4bn ($32.3m) while existence value coming in at KRW 43.7bn." "If c...
2010-09-20 07:33:02
Backlog fell to lowest since 2006 [General]
Global newbuilding orderbook is continuing to decrease and it now stands at 7495 ships of 474.7m dwt as at September 1st, the lowest level since December 2006 when 7388 ships was on order. However, the recent surge of new VLCC and suezmax orders b...
2010-09-20 07:14:26
Taizhou: 10% of China’s output [Shipbuilding]
Taizhou, a shipbuilding base in Jiangsu Province China, is experiencing a beautiful conversion. The local shipbuilding is triggering a new round of industrial chain upgrade, including shipbuilding, pharmaceutics, IT and new energy. On September 8t...
2010-09-20 01:05:19
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