Japan steel prices face 25% hike [Equipment]
Japanese shipbuilders are said to have almost agreed with domestic steel makers to raise shipbuilding thick steel plate prices by about 25% year-on-year, retroactive to April this year to coming September. It is the first time in two years that sh...
2010-08-20 07:24:49
Evergreen inks 8,000TEU's at CSBC [Shipping]
Taiwan's Evergreen is to ink 10 8,000TEU containership newbuildings at compatriot shipbuilder CSBC within a week, for delivery in 2013 onwards. The contract would raise the number of new 8,000TEU ship orders placed by Evergreen this year to 20 inc...
2010-08-20 07:03:08
CSA applies for BE membership [Shipping]
The London-based Baltic Exchange recently announced that China Shipowners’ Association (CSA) had applied for membership for the first time. It showed that Chinese shipping industry was stepping out further. On the other hand, it’s beneficial ...
2010-08-20 01:04:35
CSIC keeps uptrend [Shipbuilding]
On August 18th China Shipbuilding Industry Corporation (CSIC) issued ‘Social responsibility report 2009.’ Deputy Manager Qian Jianping of CSIC said they would fully focus on social responsibility. Qian said CSIC invested more on research and d...
2010-08-20 01:03:48
S&M yards face challenge [Shipbuilding]
Chinese shipbuilding market seemed to had stepped out of recession in the first half year. The amount of new orders was the four times of that in last year. However, it was not optimistic. The situation of Western economy was unclear. The oversupply,...
2010-08-20 01:03:06
Samsung completes WT factory [Equipment]
South Korea's Samsung Heavy Industries held a ceremony on August 19th for completion of a wind turbine production factory with an annual output capacity of 500MW. The factory is located at a site of about 32,000㎡ within Hannae shipbuilding indus...
2010-08-19 12:16:12
NTS to use Friendship-Framework [Shipbuilding]
Chinese shipbuilder New Times Shipbuilding (NTS) has signed a contractual agreement with GL's maritime software developer Friendship Systems. The contract includes the licensing of engineering software and design support for the development of a lar...
2010-08-19 08:30:25
Tanker rates plummet in July [Shipping]
The crude oil tanker market displayed mixed patterns in July. VLCC and Suezmax spot freight rates experienced significant declines, VLCC freight rates dropped by 33.2% m-o-m in July, while Suezmax rates fell by 21%, according to OPEC’s latest Month...
2010-08-19 08:28:10
Maersk Tankers into the black [Finance]
World’s largest owner of product tankers stems flow of red ink with $15m first half profit. Improved energy markets has seen Maersk Tankers return to profit in the first half of 2010, stemming the flow of red ink that saw falling ships’ value...
2010-08-19 08:26:21
New Century plots IPO [Shipbuilding]
China’s New Century Shipbuilding could revive its IPO in Singapore in a bid to raise SGD 700m ($516.83m). The prospect was raised by an unnamed source familiar with the matter who talked to the Dow Jones news agency. The previous IPO bid wa...
2010-08-19 08:24:25
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