Sembcorp wins $31m jumboization [General]
New Zealand’s KiwiRail is spending NZD 42.3m ($30.96m) to expand the 12,600-gt ro-pax Aratere (built 1998) ahead of next year’s Rugby World Cup. The jumboization will see the ship cut in two and a new middle section inserted, as well as a new...
2010-09-17 08:37:29
Sevmash refuses refund for Odfjell [Finance]
Odfjell is heading to court in Russia after shipbuilder Sevmash refused to repay $47m over a large axed tanker newbuilding contract. The “disappointing turn of events” has been forced on the Norwegian owner due to the “wilful misconduct” ...
2010-09-17 08:34:52
Cargotec boosts offshore biz in Brazil [Equipment]
Two new offshore support vessels owned by Navegação São Miguel and destined for long-term charter to Brazilian operator Petrobrás, will feature a suite of MacGregor offshore equipment As part of Cargotec’s plans to f...
2010-09-17 08:31:43
Sovcomflot eyes VLCC debut in China [Shipbuilding]
Russia's Sovcomflot is planning a VLCC debut. The so-far aframax and suezmax tanker player is now said to be looking to order VLCCs in China for charter out to oil major PetroChina. Sovcomflot president Sergey Frank confirms the company is loo...
2010-09-17 08:29:32
SPP pens product/chemical tankers [Shipbuilding]
SPP Plant & Shipbuilding announced on September 16th that it has inked an order for four 50,000-dwt product/chemical tankers (including two optional units) with a European shipowner early this month. Newbuilding price is about $150m in total and d...
2010-09-17 07:24:20
Jinling: ‘25 ships a year, we are proud!’ [Shipbuilding]
Lots of ships come out of China’s CSC Jinling Shipyard every year, exported to Asia, Europe or America. Jinling is a typical large shipyard located in Nanjing China. It is a major state-owned shipbuilder which was founded in 1952. Jinling Shipya...
2010-09-17 01:20:50
Brightoil expands [Shipping]
China’s Brightoil is expanding in diversified industries, to become head of global energy shipping giant. Brightoil was established in 1993, whose business was trade and clothes. In 2008, Chairman Xue Guanglin splashed out $90m, through Energy E...
2010-09-17 01:18:21
SDIC to establish own fleet [Shipping]
To escape influences of compatriot shipping lines such as COSCO and China Shipping, Chinese electric power giants step up to establish their own fleets. In September, a newly built 57,000-dwt bulk carrier was delivered to China’s State Developme...
2010-09-17 01:17:14
SCFI, Derivatives? Believable? [Shipping]
Zhang Ye, Chairman of Shanghai Shipping Exchange, said the Shanghai (Export) Containerized Freight Index (SCFI) was believable and would speed up futures transactions of shipping industry. SCFI was invented by Shanghai Shipping Exchange and issued...
2010-09-17 01:16:22
Japan: Veteran plays new role [Shipbuilding]
In Japan, the shipbuiilding industry is regarded as traditional industry without shining point of investment. Japan is lagging behind China and Korea in terms of orderbook and newbuilding output. Facing severe challenge, Japan switches to low-carb...
2010-09-16 08:39:01
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