Frontline fixes VLCCs [Shipping]
Frontline has bagged long-term charters for a pair of VLCCs but has remained mum on the identity of the companies behind the deals. The pair of charters is further indication that the Oslo and New York-listed owner is making good on a recently-an...
2010-09-08 08:14:41
Greece reinstates shipping ministry [Shipping]
In a sweeping government reshuffle Greek prime minister George Papandreou has reinstated an independent shipping ministry after months of dissatisfaction from the industry. Yiannis Diamantidis will take the portfolio that will now go under the na...
2010-09-08 08:10:49
Meyer wins three cruiseships [Shipbuilding]
Meyer Werft is rumored to have won a massive newbuilding order for two cruiseships from Norwegian Cruise Line (NCL). The German shipyard is also thought to have pencilled in an option for a third unit for NCL. A number of online cruise news we...
2010-09-08 07:50:32
Bottom fishing triggers crisis? [Shipbuilding]
RS Platou currently indicated the dry/bulk shipping market was facing the threat of oversupply but global shipowners seemed to have caught the opportunity for bargains. In the first eight months, about 54m dwt dry/bulk cargo ships were ordered. It tr...
2010-09-07 10:48:12
Brazil: Global mobilization [Shipbuilding]
Carlos, who is Brazilian marine technology analyst, said Brazil needed at least 200 ships in the next ten years. Brazilian government also issues relevant policies to encourage national shipbuilding growth. From the early 1980s’ to 1999, Brazili...
2010-09-07 10:47:24
Cash-rich Asian shipping firms [Shipping]
DnB NOR currently issued shipping analysis report showing the Asian listed shipping companies such as COSCO and OOCL hold more flow cash than those of European rivals. COSCO was expected to become the main asset buyer. However, DnB thought most A...
2010-09-07 09:38:34
Cargotec inks €13m order [Equipment]
Cargotec wins EUR 13 million worth of MacGregor hatch cover orders from Grieg Shipping Cargotec has signed a contract to deliver MacGregor hatch covers for six 48,700 dwt open-hatch cargo ships ordered by Norwegian shipowner Grieg Shipping. The s...
2010-09-07 08:45:52
ADM takeover of TKMS yards approved [Finance]
The European Commission has given the go ahead for deal that will see some of the most iconic names in German shipbuilding come under the control of a company based in the United Arab Emirates. A proposed merger between Abu Dhabi Mar and ThyssenK...
2010-09-07 08:43:30
GL issues first EEDI certificate [Shipping]
Hapag-Lloyd has received the first-ever Energy Efficiency Design Index (EEDI) certification to be issued by classification society Germanischer Lloyd. The EEDI certificate is for the 8,750 TEU containership Vienna Express and was issued in accord...
2010-09-07 08:41:02
H&W wins wind farm platforms [Offshore]
Siemens has awarded Harland and Wolff Heavy Industries Limited, Belfast, Northern Ireland, the design and build contract for two offshore substation platforms for the Gwynt y Mor offshore wind farm off the coast of North Wales. The substations will b...
2010-09-07 08:38:48
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