China ship finance to hit 15% [Finance]
The analyst of Germany HSH Nordbank recently said in Beijing the ship finance business of Chinese bank industry kept high speed growth. It may occupy 15% of global ship finance market share in five years. He said Chinese banks became more and more...
2010-09-06 01:08:27
China yacht industry to soar [Equipment]
As Chinese economy grows rapidly, China enters ‘Yacht Time’. If government issues relevant policies, Chinese yacht economy growth will be pushed further. According to international convention, the yacht economy will begin to soar when average ...
2010-09-06 01:07:43
Bulker orders impede recovery [Shipping]
Nason, who is CEO of Danish Ship Finance (DSF), currently expressed in Copenhagen that he could not understand the new round of dry/bulk cargo ship orders at the beginning of this year. In his view, the recovery would be postponed by those orders. He...
2010-09-06 01:06:34
CSAV's plan of newbuilds hampered [Shipping]
Chilean line Compania Sud Americana de Vapores (CSAV)’s plans to acquire containership newbuildings have met closed doors. Banks and possible charter partners are shying away from the Chilean carrier, according to newbuilding players. Earli...
2010-09-03 12:39:26
Cosmoship switches Daesun orders [Shipping]
Greece's Cosmoship boss Nikos Savvas confirms the company has switched orders for four 25,000-dwt chemical tankers at South Korea’s Daesun Shipbuilding & Engineering to a pair of 34,000-dwt bulkers and two 1,040-teu geared containerships. Report...
2010-09-03 12:29:24
CSIC yards win kamsarmaxes [Shipbuilding]
A Chinese port company and a Hong Kong dry-bulk operator are teaming up to order a slew of newbuildings in China worth up to $288m. Beibu Gulf Hong Kong, the subsidiary of state-owned Guangxi Beibu Gulf International Port Group Ltd, and Pacific B...
2010-09-03 12:21:14
STX inks kamsarmax duo [Shipbuilding]
Turkey's Densa Shipping has returned to STX Offshore & Shipbuilding of South Korea for two kamsarmaxes at close to $40m each. The 82,000-dwt pair brings the total number of newbuildings Densa has on order there to six. In January, it signed up fo...
2010-09-03 12:12:19
Longxue to sign for VLCCs [Shipbuilding]
China's state-owned Guangzhou Longxue Shipbuilding is set to win its second VLCC contract. Informed sources say domestic owner Nanjing Tanker Corp (NTC) is finalising an order through subsidiary Nanjing Tanker Hong Kong for two 320,000-dwt newbui...
2010-09-03 12:07:36
Sea NG to order CNG carriers [Shipbuilding]
Compressed natural gas (CNG) developer Sea NG hopes to advance newbuilding plans within the next few months as a new strategic partner joins its team. Sea NG chief executive Barrie Wright says a number of shipyards in South Korea and Japan have b...
2010-09-03 12:01:55
STX-Evergreen not yet,,, [General]
STX Offshore & Shipbuilding said in a regulatory filing on September 2nd, "STX O&S has been in negotiations with Taiwanese shipowner during July and August on various contract conditions including ship price but we have not reached an agreement yet."...
2010-09-03 08:17:22
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