Volgograd grabs building loan [Finance]
Russia’s Volgograd Shipyard has signed a loan deal worth $75m to finance building of five products tankers. The company is borrowing the money from an affiliate of Bank Petrocommerce. It is building the vessels for a company named as Armada Hol...
2010-09-15 08:19:16
Longxue wins VLCC quartet [Shipbuilding]
China's Nanjing Tanker Corp (NTC) is to confirm two further options on a $200m two-ship VLCC order at CSSC Guangzhou Longxue Shipbuilding. A source at the Jiangsu-based tanker player says it is holding talks with Guangzhou Longxue for two further...
2010-09-15 08:13:45
SLS faces more cancellations [Shipbuilding]
Saudi Arabia's National Chemical Carriers (NCC) has cancelled orders for more products tankers at South Korea's SLS Shipbuilding. The subsidiary of National Shipping Co of Saudi Arabia (NSCSA) said delivery delays were behind the cancellation of ...
2010-09-15 07:26:00
Yangzijiang inks handysize pair [Shipbuilding]
Greek bulker owner FreeSeas is planning to ink more after it made its debut splash with new tonnage in China. Nasdaq-quoted FreeSeas revealed on Tuesday that it has penned an order for a pair of 33,600-dwt units at “a first-class Chinese shipya...
2010-09-15 07:16:48
Yangzijiang: No cancellation! [Shipbuilding]
Chinese media entitle three crowns to Yangzijiang Shipbuilding. Yangzijiang is the first Chinese private shipyard conversed from national yards, the first Chinese shipyard listed in Singapore and the first Chinese shipyard issuing TDR in Taiwan. F...
2010-09-15 01:06:27
Baosteel triggers fleet establishment [Equipment]
Baosteel Group speeds up self-owned fleet establishment, to resolve cost issues of long-term demand for global dry/bulk cargo shipping. Currently Baosteel signed with compatriot JES International and Guanhai Shipbuilding Industry to build nine coa...
2010-09-15 01:05:37
Chinese to purchase Brazil's OGX [General]
An insider revealed that Chinese national energy giants, namely China National Offshore Oil Corporation (CNOOC) and China Petroleum and Chemical Corporation (Sinopec) intend to splash out $7.0bn to purchase 30% stock and partial asset from Brazilian ...
2010-09-15 01:04:37
STX contracts 13 ships in a row [Shipbuilding]
South Korean shipbuilder STX Offshore & Shipbuilding announced today that it has recently secured a total of 13-ship orders (including three optional ships) worth around $540m from European shipowners. On September 10th, the shipyard signed a cont...
2010-09-14 12:04:49
Simek signs PSV [Offshore]
Dubai offshore player Topaz Energy & Marine is said to be investing around NOK 200m ($32.1m) to expand its fleet of platform-supply vessels (PSVs). Topaz chief executive Fazel Fazelbhoy said that his company has ordered an Uls­tein UT755-type PS...
2010-09-14 08:37:33
Bohai wins handy quartet [Shipbuilding]
China Changjiang Shipping Group Phoenix (CSC Phoenix) is beefing up its fleet with newbuildings. The Wuhan-based company is said to have a plan to book up to 10 handymax-bulker newbuildings to use in the coastal trades. Industry sources familiar ...
2010-09-14 08:32:35
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