Pertamina eyes $600m tanker buy [Shipping]
Indonesia’s PT Pertamina is to embark on a $600m acquisition splurge with tankers on the menu. The owner is adding the considerable amount of tonnage to its fleet to enhance efficiency, according to a report in The Jakarta Post. A total of 18 t...
2010-08-31 08:33:25
Brightoil confirms VLCC order [Shipping]
Chinese tanker owner Brightoil Petroleum has confirmed an order for five VLCCs. The 319,000-dwt ships cost $107.5m each and will be delivered between July 2012 and March 2013. It was reported earlier that South Korea's Hyundai Heavy Industries (H...
2010-08-31 08:31:28
Yangzijiang secures 28 new orders [Shipbuilding]
Chinese shipbuilder Yangzijiang Shipbuilding has secured 28 newbuilding contracts in the two months to 30 August. Singapore-listed Yangzijiang says the orders were comprised of eight containerships and 20 bulkers, according to a filing with the S...
2010-08-31 08:29:30
Nanjing Tanker to order VLCCs [Shipping]
Nanjing Tanker Corporation plans to build two 320,000-dwt very large crude carriers (VLCCs) through its wholly-owned Hong Kong subsidiary, it revealed in a company filing. The cost of construction of each VLCC will not exceed $100m. Funds for t...
2010-08-31 08:26:31
SSI delivers 34K B/C ‘Orient Trader’ [Shipbuilding]
South Korean shipbuilder Samjin Shipbuilding Industries located in Weihai, China, delivered one 34,000-dwt bulk carrier to Interorient Navigation on August 30th, which is the third vessel out of twelve series the shipowner ordered to SSI. The ne...
2010-08-31 07:26:57
STX-Daehan M&A failed [Finance]
Talks between STX and Daehan Shipbuilding creditors on Daehan M&A have reportedly collapsed in the end. According to sources on August 30th, the months-long negotiation came to a rupture without having resolved their differences, especially on the...
2010-08-31 07:16:04
Hyundai Samho launches 13,100TEU [Shipbuilding]
Hyundai Samho Heavy Industries has successfully launched the world's largest containership on August 29th. It is 13,100-teu ship (operation speed of 25 knots) with a length of 366 meters, a breadth of 48.2 meters and a depth of 29.85 meters, order...
2010-08-31 07:00:56
China to survive disaster [Equipment]
Chinese shipbuilding industry, which experienced disaster in 2009, faced flourish in 2010. According to statistics, in the first seven months Chinese new orders were the 4.2 times of that in last year. ‘We survived disaster and the orderbook is ...
2010-08-31 01:06:02
Rongsheng-DNV inks cooperation [General]
On August 27th, Jiangsu Rongsheng Heavy Industries Group signed strategic cooperation agreement with DNV. Meanwhile, nine newly-built ships from Rongsheng entered DNV class. In witness of the ceremony, Chairman Chen Qiang of Rongsheng, Chairman At...
2010-08-31 01:04:56
COSCO Shipyard focuses on offshore [Offshore]
COSCO Shipyard was established in 2001, whose business was mainly ship repairs then. In 2007 the yard decided to develop offshore plant manufacturing. Compared to ship repair business, the offshore plant manufacturing especially marine platform is...
2010-08-31 01:04:10
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