China to overcome weakness [General]
Recently a seminar on Chinese ship export was convened in Nantong, Jiangsu Province. Experts said definitely China had become a large country in shipbuilding industry. However, experts thought China’s weakness would influence the growth of ship exp...
2010-08-17 01:04:39
Crist wins Beluga windfarm-vessel [Offshore]
Polish shipbuilder Crist has secured an order for the first of Beluga Hochtief Offshore’s wind-farm-installation newbuildings. A contract has been placed by the German joint venture for a jack-up vessel for entry into service from May 2012. It ...
2010-08-16 07:33:21
AFP breaks into the black [General]
Rising revenue and positive financial items lifted Aker Floating Production into the black in the second quarter, setting its share price alight. Oslo-listed AFP banked $4m in the three months to the end of June, overturning a loss of $9m a year ...
2010-08-16 07:30:45
Zim gets breathing space on newbuildings [Shipping]
Israeli line Zim will unveil second quarter results at the end of the month against the backdrop of rapidly recovering container trades and a financial restructuring package that may have given it a headstart over rivals. Zim was one of the very f...
2010-08-16 07:28:37
NOL returns to the black [Finance]
Group posts $100m profit for second quarter, boosted by surging volumes for container arm APL. Good things come to those who wait. Seven quarters on from posting its first loss since the financial crash in September 2008, the balance sheet of Nep...
2010-08-16 07:22:36
Slow steaming needs more ships [Shipping]
Neptune Orient Lines will spend $1.2bn ordering 10 new 8,400 teu vessels for delivery in 2013 and 2014 The new era of slow steaming has forced containership lines to reconsider their ordering strategies as reduced sailing speeds require more vess...
2010-08-16 07:19:56
Jurong extends ties with Aveva [Equipment]
AVEVA Group, one of the world's leading providers of engineering design and information management solutions for the plant, power and marine industries, announced that Jurong Shipyard, a subsidiary of Sembcorp Marine has extended its association with...
2010-08-16 07:12:32
Todd Shipyards showing improves [Finance]
Todd Shipyards has seen its first quarter profit inch up. New York-listed Todd banked $2.6m in the three months to 4 July, beating the $1.5m of a year ago. Revenue raced from $34.6m to $70.2m year-on-year, a statement says. Todd explains n...
2010-08-16 07:10:01
STX O&S books supramax trio [Shipbuilding]
Principal Michael Papaioannou confirms an order for two firm bulkers plus one option. Greek owner Helikon Shipping Enterprises is continuing its fleet renewal and has emerged as the “unidentified European shipowner” that was reported in June ...
2010-08-16 07:07:25
Petra cancels AHTS orders [Offshore]
Petra Perdana has cancelled an order for two anchor-handling tug supply vessels (AHTSs) that are close to completion at a compatriot shipyard. The Malaysian-listed offshore outfit says it squashed the deal because the sector has been plagued by l...
2010-08-16 07:04:13
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