Capes market on recovery [Equipment]
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buoyant with the industry’s main benchmark, the Baltic Dry Index (BDI) rising by a more than impressive...
2010-08-10 11:35:00
Pertamina orders six tankers [Shipping]
Indonesia's state-owned oil and gas firm PT Pertamina has placed orders for six tankers for about US$102 million to support its fuel distribution across the archipelago. Pertamina opened the tender three months ago and announced the winners last ...
2010-08-10 11:27:17
Chengxi inks 10 bulkers [Shipbuilding]
China’s Chengxi Shipyard has signed a newbuilding contract with Canada's CSL Group for 10 self-unloading bulk carriers. The deal is worth $514m, the owner's largest fleet renewal program, CSL revealed. The Chengxi yard under the umbrella of C...
2010-08-10 07:39:09
CSBC to see sales increase in H2 [Finance]
Driven by orders from big shippers as Yangming Marine Transport Corp., CSBC Corp. in Taiwan will see sales increase 20% year-on-year in the second half, with yearly sales to return to NT$30 billion in 2011. Many shippers are scrambling to order new s...
2010-08-10 07:35:03
Sembcorp net profit up 28% [Finance]
Sembcorp Marine, the world's number two oil rig builder, reported a better-than-expected 28 percent rise in second quarter net profit, helped by higher margins and earlier completion of projects. The company, 61 percent owned by Sembcorp Industri...
2010-08-10 07:32:42
ABG offloads shares in Great Offshore [General]
Shares in Great Offshore have been declining for the past few weeks as ABG Shipyard has been selling the stock after its failed bid to acquire the company. The latter together with its wholly-owned subsidiary Eleventh Land Developers sold a littl...
2010-08-10 07:30:19
Cosco secures BC pair orders [Shipbuilding]
The Board of Directors of COSCO Corporation (Singapore) Limited (the Company) wishes to announce that COSCO (Dalian) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured contracts valued ...
2010-08-10 07:27:47
PT Pal wins PC pair [Shipbuilding]
Shipbuilder PT Pal Indonesia has scooped a $49m contract from compatriot owner Pertamina to build a pair of products tankers. Three other domestic yards were also landed with a newbuilding contract each in the $102m splurge but two will have to c...
2010-08-10 07:24:33
Global LPG fleet hits highest [Offshore]
As at July 1st 2010 the number of ships in the world LPG carrier fleet had reached its highest level so far, totalling 1,092 ships, whilst a further 166 vessels were on order, according to the fleet list featured in the newly published LPG World Ship...
2010-08-10 06:43:37
Returning from summer break [General]
South Korea's large shipbuilders like Hyundai Heavy Industries and Samsung Heavy Industries have all returned to work on August 9th from an up to two-week-long summer holidays. While HHI management, led by chairman Min Khe-sik, held a breakfast me...
2010-08-10 06:41:31
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