India govt to sell stake in SCI [Shipping]
India's federal government plans to sell a stake in state-run Shipping Corp. Of India and trading agency MMTC through public offerings, says junior Finance Minister, Namo Narain Meena. Mr. Meena, however, didn't say how much of a stake the governm...
2010-08-11 08:20:31
Noble orders $550m drillship [Offshore]
Two shipbuilders have sealed contracts with Noble Corp for the construction of an ultra-deepwater drillship. New York-listed Noble says it is splashing an estimated $550m to build the 18,200-gt Noble Globetrotter II. South Korea's STX Offshor...
2010-08-11 08:17:49
Yangzijiang rises in Q2 [Shipbuilding]
China's Yangzijiang Shipbuilding says it has managed to hang on to all the newbuilding orders it landed prior to the global financial crisis. And executive chairman Ren Yuanlin used his company's second-quarter earnings release to tell investors ...
2010-08-11 08:15:36
Cosco bags supramax pair [Shipbuilding]
A mystery shipowner looks to have grabbed a bargain basement price for a pair of supramax newbuildings at a Cosco yard. The unidentified Asian outfit has penned a contract for two 57,000-dwt units for a total of around $55m at Cosco Guangdong Shi...
2010-08-11 07:47:20
Shinan christens 34K BC [General]
Shinan Heavy Industries held a naming ceremony on Tuesday for a 34,000-dwt bulk carrier ordered by Oceana Shipping. The vessel with a length of 181m, a breadth of 30m and a height of 14.6m was christened 'Romandy' on the day. The ship equipped...
2010-08-11 07:43:43
Will it continue?: China's No.1 [Shipbuilding]
Chinese shipbuilders are keeping their dominance in new order intakes since last year thanks to low-price competitive edge and the government's ship financing support, but it looks difficult for them to continue with the No. 1 position. This is be...
2010-08-11 07:05:22
Boxship orders 'Pouring Out' [Shipping]
As global container throughput and shipping rates recover recently, many container shipping companies are coming back to newbuilding market. World's largest shipping line AP Moller Maersk of Denmark is reportedly negotiating with South Korean and ...
2010-08-11 06:46:22
China rolls out 3,000-meter platform [Offshore]
About 50% of Chinese oil relies on import while 70% global crude oil is stored in ocean. Experiencing ten years’ research, China has rolled out 3,000-meter submersible drilling platform. Chen Gang, who is engineer of Shanghai Waigaoqiao Ship...
2010-08-11 01:09:23
Heavy lifter time coming [Offshore]
The heavy lifter is popular and widely used in shipping and offshore field. In spite of market recession, heavylift vessel orders are still strong. In 2011 it is expected to reach the peak. In coming years, the heavy lifter fleet will constantly ...
2010-08-11 01:08:31
Chinese local orders rebound [Shipbuilding]
China Shipping Industry Company recently signed four 47,500-dwt bulk carriers. In the first half of this year, the main shipyards in Jiangsu Province China took 73 newbuilding orders. Chinese orders occupied 35 units, namely 47.95%. In the past, o...
2010-08-11 01:07:39
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