Triton FSRU project goes slow [Offshore]
Shipbuilders have set aside offers they made for GDF Suez and Hoegh LNG’s purpose-built floating storage and regasification unit (FSRU) for the Triton LNG project off Italy but the developers insist the business is still ongoing. Shipyard offic...
2010-08-20 11:10:45
Rongsheng pens first VLCCs [Shipbuilding]
Jiangsu Rongsheng Heavy Industries has broken into the VLCC sector after securing an order from Greece's Cardiff Marine. Sources close to Rongsheng say George Economou’s Cardiff Marine has inked a pair of 320,000-dwt newbuildings at the private...
2010-08-20 11:05:05
HHI wins Dong-A capes [Shipbuilding]
South Korea’s Dong-A Tanker is taking advantage of attractive yard prices to boost its fleet. Sources say the Busan-based owner has returned to Hyundai Heavy Industries for two more capesize bulkers. The latest order brings to seven the number ...
2010-08-20 11:01:12
Total plots Angola project [Offshore]
French oil major Total has gained government approval to develop four oilfields in deepwaters offshore Angola to boost exports from the country in four years time. The Paris-based company, and its partners, will invest more than $3bn to develop th...
2010-08-20 08:36:04
Grindrod cancels PC orders [General]
South African shipping and logistics group Grindrod has cancelled four product tankers on order from a Chinese yard because of contractual breaches. Grindrod is now seeking the refund of downpayments and interest totalling $71m, although it may st...
2010-08-20 08:32:26
Navios hunting new ships [Shipping]
Fast-expanding dry bulk and logistics company Navios Maritime Holdings said its appetite for new ships had not been sated as it unveiled stronger than expected earnings for the second quarter of 2010. “We always like to acquire vessels at a good...
2010-08-20 08:29:05
MISC profit soars [Finance]
Rising returns from its ships and shipyards have boosted first quarter profit at MISC. It turned in a profit of MYR 427.98m ($136.86m) in the three months to the end of June, beating the MYR 233.45m posted a year ago. MISC said: “We continue to...
2010-08-20 08:26:41
AET books LSV pair [Offshore]
Houston-based AET Lightering Services has penned a pair of lightering support vessels (LSVs) at Louisiana's Leevac Industries. The lightering arm of Malaysian tanker owner AET says the twins will operate in the Gulf of Mexico (GoM) upon delivery,...
2010-08-20 08:24:44
Torm, ‘No Newbuildings’ [Shipping]
Torm is hunting for new product tankers amid expectations of a fundamental improvement in the market from the start of next year. But the Copenhagen-listed company promises it will not be penning newbuildings given the present overcapacity issues...
2010-08-20 08:21:07
Boxship orders to hit 500,000TEU [General]
Containership newbuilding orders are forecast to exceed 500,000 teu this year after coming to a near standstill in 2009, with the pace of contracting picking up further in 2011. Evergreen broke the orders drought last month with a series of 10 shi...
2010-08-20 07:39:46
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