Pipavav raises money [General]
India’s Pipavav Shipyard is raising cash after it announced a first quarter loss. The company will sell 25.2m convertible warrants worth INR 2.5bn ($53.4m) to founder and major shareholder SKIL Infrastructure SKIL lifted its share in the ne...
2010-08-17 08:16:23
Songa wins $650m loans [Finance]
Arne Blystad-backed Songa Offshore has grabbed loans worth $650m only days after toasting a recovery in bank lending. Oslo-listed Songa says a Nordea-led consortium has coughed up a $450m term loan and a $200m revolving credit facility. It te...
2010-08-17 08:14:08
Evergreen back to profit [Shipping]
Taiwanese containership giant Evergreen Marine has stormed back to profit in the first half as box markets made their own comeback. The owner said it posted net earnings of TWD 4.03bn ($126.17m) to 30 June, compared to a loss of TWD 4.71bn in 200...
2010-08-17 08:11:56
Daewoo inks 10,700TEU duo [Shipbuilding]
Singapore's Neptune Orient Lines has formally converted option for two 10,700-teu vessels into a firm order at Daewoo Shipbuilding & Marine Engineering on August 16th. The pair is slated for delivery in 2012. NOL says the 10,700-teu pair will ...
2010-08-17 07:27:47
Hyundai Wia exports goliath crane [Equipment]
Hyundai Wia, South Korea's comprehensive machinery company exported the world's largest goliath cranes to Brazil's Estaleiro Atlantico Sul. The company said on August 16th that it has completed installing a pair of 1500-ton goliath cranes which ca...
2010-08-17 06:59:32
Hyundai Samho sales edge up [Finance]
Hyundai Heavy Industries Group affiliated company Hyundai Samho Heavy Industries revealed its half-year business results. The South Korean shipbuilder's 2010 first-half revenue stood at KRW 2.1657trn ($1.825bn), up 1.57% against a year earlier. Q2...
2010-08-17 06:49:23
Japanese annual deliveries edge up [Shipbuilding]
Japan's shipbuilding output recorded 16.32m gt in 2009, edging up by a meager 0.8% from the previous year. Among top five shipbuilders by newbuilding output, Koyo Dockyard jumped from 8th spot in 2008 to No. 4 last year by delivering 15 ships, thr...
2010-08-17 06:47:22
DSME exports Tech [Equipment]
South Korean major shipbuilders are active in exporting their shipbuilding technologies to emerging shipbuilding countries. Daewoo Shipbuilding & Marine Engineering has recently set up 'Global Operation Center', an organization dedicated to offeri...
2010-08-17 06:42:31
CSBC faces profit diving [Shipbuilding]
Tan Taiping, General Manager of Taiwanese CSBC, recently said the group’s profit of new orders was diving due to global economy recession. As a result, the annual profit is likely to plummet accordingly. ‘We gain almost nothing from these orde...
2010-08-17 01:06:13
Dryships shows optimism on boxships [Shipping]
In spite of huge investments on Danaos, Economou who is the father of DryShips Inc. seemed still not satisfied, especially for boxships. Economou acknowledged that he and his team were considering boxship fleet, including newly-built and second ha...
2010-08-17 01:05:31
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