DSIC wins capesize orders [Shipbuilding]
Dalian Shipbuilding Industry Co has secured a bulker order from liner player Pacific International Lines (PIL). The Singapore-based company has quietly booked a pair of capesize newbuildings at its favourite shipyard in China. Senior PIL sour...
2010-09-13 07:10:18
Viken newbuilds chartered to Transpetro [Shipping]
Norway's Viken Shipping has concluded a massive charter deal with Petrobras-controlled shipping subsidiary Transpetro. The Brazilians are set to take five aframax shuttle-tanker newbuildings from Tom Steckmest-controlled Viken for between five an...
2010-09-13 07:07:20
Iran order backlog at Korean yards at stake [Shipbuilding]
Iran’s 28-strong orderbook at South Korean shipyards is set to face tough scrutiny after Seoul finally succumbed to US pressure to tighten sanctions against Tehran. Earlier this week, South Korea pledged to ban any new investments in Iranian oi...
2010-09-13 07:04:43
Changxing wins 9,000TEUs [Shipbuilding]
China’s Shanghai Jiangnan-Changxing Shipbuilding is set to scoop a $1.2bn deal for 12 post-panamaxes. Two European owners are set to place the first speculative order for post-panamax boxships since the end of the crisis. German owner Bernh...
2010-09-13 06:58:15
CMG secures $4.43bn credit [Finance]
China Merchants Bank currently announced that the broad of directors approved credit to compatriot China Merchants Group, as much as CNY30bn ($4.43bn). Meanwhile, it provided CNY700m finance guarantee to China International Marine Containers (Group) ...
2010-09-13 01:14:25
CSIC revenue to hit $23.6bn [Finance]
On September 8th, Vice manager Wu Qiang of China Shipbuilding Industry Corporation (CSIC) said on a summit that the revenue of CSIC this year might hit CNY160bn ($23.6bn). About 40% of them came from non-ship business. Wu said CSIC had major three...
2010-09-13 01:13:36
Top 20 earn $3.7bn in H1 [Shipping]
AXS-Alphaliner issued report showing global top 20 liners earned $3.778bn in the first quarter of this year. Obviously it was improved against that at the same period of last year, when that loss hit $6.898bn. The top 20 liners showed in the repor...
2010-09-13 01:12:11
HHI names cutting-edge drillship [Offshore]
Hyundai Heavy Industries has built a state-of-the-art drillship which can be repaired at a working site at sea without having to move to an on-land dry dock. The South Korean shipbuilder held a naming ceremony on September 10th at its Ulsan Shipya...
2010-09-10 12:53:03
SHI inks Shuttle Tankers & TLP [Shipbuilding]
Samsung Heavy Industries announced on September 10th that it has secured an order for five 100,000-dwt shuttle tankers from Norway's Viken Shipping and another contract for an offshore facility with US firm. The values of the two contracts total $...
2010-09-10 12:18:52
Maersk to order 20 LNG-fueled boxships [Shipbuilding]
Global No. 1 container line AP Moller-Maersk is set to order up to 20 LNG-powered container newbuildings. Korean 'Big 4' shipbuilders, namely Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and STX Offs...
2010-09-10 09:11:00
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