Meyer wins Carnival cruiseship [Offshore]
Carnival Corp has turned to Meyer Werft for its latest cruiseship newbuilding order. Micky Arison-led Carnival says the 71,300-gt vessel is for its German-speaking Aida Cruise brand. London and New York-listed Carnival will pay EUR 150,000 ($...
2010-08-13 07:21:34
Hyundai to market CO2 carriers by 2015 [Offshore]
Hyundai Heavy Industries and Maersk Tankers have reported that they are in the process of developing next generation liquefied CO2 carriers to be ready for the market by 2015. As part of the Finncap project that captures CO2 from power plants in Finl...
2010-08-13 07:17:06
Korea orders soar in July [Shipbuilding]
South Korean shipbuilders won the most monthly orders last month since the global financial crisis. According to Clarksons data, Korean shipbuilders booked new ship orders of 1,591,767 cgt in July. The figure is the highest since July 2008 when th...
2010-08-13 06:46:12
Bulk carrier delivery hits 53% [Equipment]
In 2009, the delivery rate of bulk carriers was just 63.27% against expectation. The Capesize was 69%. The Panamax (80,000-100,000dwt) was 55%. The Panamax (60,000-80,000dwt) was 68%. The Handymax was 58% and Handysize was 56%. In the first half y...
2010-08-13 01:04:29
Chinese orders surge by July [General]
China’s Ministry of Industry and Information Technology announced on August 11th that national shipbuilding output hit 35.2m dwt during January-July period, rising by 87.4%. Seagoing ships took 11.39m CGT. Export orders occupied 79%. The new or...
2010-08-13 01:03:33
Zhenhua purchases F&G [Equipment]
It is announced on August 10th that China’s Zhenhua Heavy Industry purchased a 100% stake in rig designer Friede Goldman United (F&G) for $125m. The news seemed extremely surprising. As early as February 2nd, compatriot International Marine Cont...
2010-08-13 01:02:30
BOK expands aid for ship parts makers [Finance]
The Bank of Korea Busan Branch is to provide expanded financial support for regional shipbuilding equipment enterprises which are now facing difficulties. BOK recently announced that it will offer 'C2' financing (gross sum limited loan) to all shi...
2010-08-12 12:24:12
Slush fund in Daewoo ? [General]
A probe into an alleged slush fund involving Daewoo Shipbuilding & Marine Engineering has led to a raid on one of its contractors. South Korean prosecutors raided the offices of Imchun Industrial and some of its executives on Tuesday. Compute...
2010-08-12 10:26:56
Shipyard legend Jimmy Reid dies [General]
JIMMY REID, the former Clyde shipyard union stalwart, has died at the age of 78. Mr Reid came to prominence in 1971 when he led the Upper Clyde Shipbuilders work-in which successfully thwarted Prime Minister Edward Heath’s attempts to shut down...
2010-08-12 10:16:56
Lull of Newbuilding Activity [Offshore]
Lull activity in terms of newbuilding orders in july. Clarkson commented “With yards now preparing for their annual summer vacations, which for the majority will commence from the start of next week, as well as the majority of the owning communit...
2010-08-12 10:03:43
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