OSX eyes $2bn Petrobras orders [Offshore]
OSX Brasil SA, which is building a shipyard in Brazil with South Korea's Hyundai Heavy Industry, said that it plans to bid for oil drilling rig and tanker contracts worth $2 billion that Brazil's state-led Petrobras wants to build. OSX, which already...
2010-09-16 08:09:42
DSME to bag LNG-FPSO [Offshore]
Daewoo Shipbuilding & Marine Engineering said its Papua New Guinea energy venture may beat Royal Dutch Shell Plc to become the first operator of a floating liquefied natural gas production vessel. The venture could begin using a floating LNG unit...
2010-09-16 08:04:12
CSSC Chengxi inks 32 ships [Shipbuilding]
China CSSC Holdings Ltd., the nation’s biggest shipyard, may post an 18-fold jump in orders at its Jiangsu province unit this year as rebounding global trade encourages lines to add more vessels. Chengxi Shipyard Co. has won orders for 32 ships thi...
2010-09-16 07:59:37
Chinese deliveries rise 73% [Shipbuilding]
China recorded an increase of 72.7 percent year-on-year in completed shipbuilding volume to 40.37 million deadweight tons (DWTs) in first eight months, according to data released by the Ministry of Industry and Information Technology (MIIT). Comp...
2010-09-16 07:29:12
Lorenzo commits to fleet renewal [Shipping]
Magsaysay led Lorenzo Shipping Corporation will replace two to three vessels a year up to 2014. Lorenzo’s fleet include Lorcon Cagayan de Oro, Lorcon Davao, Lorcon Zamboanga, Lorcon Visayas, Lorcon Cebu, Lorcon Manila and the youngest Lorcon Dumagu...
2010-09-15 08:34:08
Vinashin subsidiaries stick to parent [Shipbuilding]
Subsidiaries of the troubled Vietnamese state shipbuilder Vinashin on Monday denied local press reports that they were seeking to exit the company. But workers at some subsidiaries said they had suffered layoffs and salary delays because of the c...
2010-09-15 08:32:20
Capesizes face excess supply [Equipment]
Oversupply of tonnage is developing that will suppress rates into 2012, says report from DnB Nor Markets. Around 315 capesize newbuildings set for delivery within the next three years will not be able to find work because iron ore and coal demand...
2010-09-15 08:28:55
Boxship demand to exceed supply [General]
Clarksons forecasts Far East to Europe trades will grow by 15% and transpacific route by 12% in 2010 Demand for containerships is set to exceed supply in 2010, with the key Far East to Europe trades forecast to grow by 15% this year, and transpac...
2010-09-15 08:26:40
Wan Hai top performer [Shipping]
Wan Hai Lines was the most profitable liner operator in the first half of 2010, according to a survey by a top industry consultancy. The Taiwanese liner operator pipped industry stalwarts such as Maersk and CMA CGM to the top spot figures compile...
2010-09-15 08:24:13
Cosco head optimistic on 2011 [Shipping]
Improved global economic conditions and an influx of investment cash will make 2011 “a good year” for shipping, reckons Cosco boss Wei Jiafu. Renewed confidence in markets is likely to make the fourth quarter a peak period for liner companies...
2010-09-15 08:22:21
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