Polembros scraps cape [General]
Polembros has become the latest shipowner to send a capesize for demolition in the face of continued weak freight rates. It is said to have sold its 133,357-dwt Mercedes (built 1981) for $385 per ldt or just over $8.7m, according to US cash buyer...
2010-07-27 07:42:45
Cape in "seasonal slump" [Shipping]
Clarksons is straight-batting the crash in capesize rates as nothing more than a seasonal slump – for the time being at least. Research chief Martin Stopford says declining earnings are not a surprise at this stage, suggesting the falls fit...
2010-07-27 07:41:24
Greek buys Sanko tanker [Shipping]
Embiricos of Greece is being fingered as the buyer of a Sanko Steamship aframax tanker. The Greek owner has paid $21m for the 96,000-dwt Emerald Queen (built 1997), brokers say. Sanko had sold the ship to a Greek company but no name was put f...
2010-07-27 07:38:58
Accident kills four in Turkey [General]
Four shipyard workers were killed Saturday when a scaffolding collapsed in Ustaoğlu Shipyard in Ereğli, a town of the northern province of Zonguldak. The accident happened at around 4:30 p.m. when a scaffolding built in the cargo hold o...
2010-07-27 07:37:06
Safe Bulkers orders again [Shipbuilding]
Safe Bulkers has taken its 2010 newbuilding tally to three with an order for a panamax in China. It has penned the 76,000-dwt ship at a “favourable” price, it tells investors Monday. UK shipbroker Clarksons presently values similar newbui...
2010-07-27 07:29:34
Russian new yard plan on ice [Offshore]
Vyborg Shipyard stops plans for construction of a new shipyard in Primorsk, General Director Valery Levchenko said. The new shipyard was to specialize in construction of LNG tankers from Russian offshore fields, namely from Shtokman field. In 2008 Ga...
2010-07-27 07:27:15
Hyundai on 2-week holiday [Shipbuilding]
Hyundai Heavy Industries is taking a two-week-long holiday from July 24th until August 8th and Hyundai Mipo Dockyard will start summer vacation from the weekend of this week until August 8th. The shipyards are taking a long holiday in summer when ...
2010-07-27 07:05:13
Jinse on sale again [Finance]
South Korean midsize shipbuilder Jinse Shipbuilding is finding a new onwer in the second attempt of sale. Its sale procedure had been carried out in April already but a final contract was not reached due to financing issue from a buyer. Jinse i...
2010-07-27 06:55:49
'Local Contents' dashes Korea's hopes [Offshore]
Daewoo Shipbuilding & Marine Engineering, which had intended to bid for Petrobras' drillship project in partnership with Brazilian construction firm Odebrecht, has reportedly given up participating in the newbuilding tender. The South Korean major...
2010-07-27 06:47:37
Longxue secures 82K BC pair [Shipbuilding]
China’s CSSC Guangzhou Longxue shipbuilding signed contract with Taiwanese U-Ming Marine Transport Corp to build two units 82,000-dwt bulk carriers. In witness of the ceremony, Chairman Xu xudong and General Wang Shuji of U-Ming, General Manager...
2010-07-26 11:33:12
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