Chernomorsky wins Damen hull [Shipbuilding]
Ukrainian shipbuilder Chernomorsky has won another contract to build a boxship hull for Damen Shipyards of the Netherlands. The company said the second such hull ordered by the Dutch outfit at the Black Sea plant will weigh 1,000 gt and is for a ...
2010-07-30 08:14:08
Hyundai Samho strikes wage deal [General]
Hyundai Samho Heavy Industries labor and management settled on 2010 wage collective agreement on July 29th, peacefully for the fourth consecutive year. On July 27th both sides agreed on a preliminary agreement containing ▲ basic salary hike by K...
2010-07-30 07:48:14
Evergreen continues ordering [Shipbuilding]
Currently Taiwan's Evergreen and CSBC are negotiating on ten-unit 8,000TEU boxships order. The result may finally come out in mid August. CSBC is expected to gain the order valued at least TWD33bn ($1.033bn) totally. The negotiation is based ...
2010-07-30 07:32:12
COSCO: China’s second Navy? [Shipping]
General Manager Sun Jiakang of COSCO Container Lines Company Limited (COSCON) said the company’s business growth came across political obstacles in U.S.A. COSCON is a subsidiary company of China Ocean Shipping (Group) Company (COSCO). Sun said ...
2010-07-30 07:29:31
Zhenghe secures 57K BC's from SK [Shipbuilding]
Zhejiang Zhenghe Shipbuilding signed a contract with Korea’s SK Shipping to build two-unit 57,000-dwt bulk carriers. It’s the second time for Zhenghe to cooperate with Korean shipowners. Previously Zhenghe gained bulk carrier order from Chan...
2010-07-30 07:27:06
Orient 'court receivership' [Finance]
Orient Shipyard has filed for court receivership (company rehabilitation procedure) early this month. It is said to be waiting for approval from the Busan District Court. The South Korean shipyard, established in 1995, specializes in repairing ...
2010-07-30 07:22:59
Boxship newbuild revival signs [Shipbuilding]
There is a shortage in containership tonnage worldwide and newbuilding orders are set to emerge. Howe Robinson Container Index has been rising since early this year. It almost doubled from 357 in March to 651.4 early this month. According to Alpha...
2010-07-30 07:16:08
STX enters Russian shipbuilding [Shipbuilding]
STX Group announced today that it signed a memorandum of understanding (MOU) with Russia's state-owned United Shipbuilding Coproation (USC) on July 26th to help the Russian yard group modernize its shipyard facilities and jointly establish a technolo...
2010-07-29 11:41:31
Shanghai welcomes foreign brokers [General]
Foreign-owned shipbroking enterprises will soon be able to get business licenses in Shanghai, the first time for such companies on the Chinese mainland.
 Nine companies have undergone inspection by the authorities, and will complete registra...
2010-07-29 07:25:53
TEN buys four tankers [Shipping]
Greek owner Tsakos Energy Navigation (TEN) has splashed out $218m on four Korean-built panamax tankers. New York-listed Tsakos says it has snatched the 74,000-dwt World Harmony, Chantal, Selini and Salamis (all built 2009). "All four vessels were...
2010-07-29 07:23:50
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