Sinopacific: Behind $1bn order [Shipbuilding]
From CNY200m ($29.5m) to CNY12bn output, Sinopacific Shipbuilding Group passed seven years. However, it is just one day to sign CNT7bn new order. This is the largest order among Chinese shipbuilders since financial crisis broke out. In 2010 Chi...
2010-07-26 10:17:21
COSCON focuses on domestic shipping [Shipping]
General Sun Jiakang of COSCO Container Lines Company Limited (COSCON) said more and more manufacturers were moving from Chinese coastal areas to inland provinces due to lower costs. Therefore, the group is expanding business to China’s inland area ...
2010-07-26 10:16:20
China ranks 1st [Shipbuilding]
Clarkson, the British-based agency specializing in the dynamic analysis of the shipbuilding and marine market, has reported that the Chinese shipbuilding industry is now ranked first in the world as regards the main three indexes which are considered...
2010-07-26 07:09:22
Thoresen snaps up supramax [Shipping]
Thoresen Thai Agencies has snapped up a supramax newbuilding from Greek principals for $34.5m, the company said Friday. The 57,000-dwt ship has been acquired from Meadway Shipping & Transport and was handed over to its new owners on Thursday. ...
2010-07-26 07:07:05
Colombo new yard [Shipbuilding]
Sri Lanka’s Colombo Dockyard has opened a new yard to build ferries. Kelani River Yard, near Colombo, is building a 100-passenger ferry for the formerly war-torn northern region of the country. It was ordered by the state-owned Road Develop...
2010-07-26 07:05:41
MISC eyes yard IPO [Finance]
MISC is kicking on with plans to list its shipbuilding division on the Malaysian Stock Exchange. It will sell 25% of Malaysia Marine & Heavy Engineering, it tells investors Friday. MISC has yet to place a value on the float but previous repor...
2010-07-26 07:03:57
Irving adds repair yard [General]
Irving Shipbuilding says it is forking over CAD 1.00 ($0.96) to add Shelburne Ship Repair to its Canadian yard empire. While the government of Nova Scotia stands as the lucky beneficiary of the coin, the sale price is a mere fraction of the loan ...
2010-07-26 07:00:34
Tangshan Port builds 82K BC [Shipbuilding]
Tangshan Huaxing Shipping, a subsidiary of Tangshan Port, plans to build a 82,000-ton bulk ship for 277 million yuan, reports secutimes.com, citing a company filing. The bulk ship, which has a life span of 33 years, will be completed by September...
2010-07-26 06:56:47
Sungdong gets banks aid [Shipbuilding]
Sungdong Shipbuilding & Marine Engineering says it is getting back on track after reaching an agreement with its banks to overcome refund-guarantee problems, which will secure the future of most of its recent orders. Creditors, led by Woori Bank,...
2010-07-26 06:51:27
Chinese wins MPP orders [Shipbuilding]
Shandong New Shipbuilding Heavy Industry, also known as Shandong Weihai Shipyard, has bagged an order for six multipurpose (MPP) units. A yard executive says Jiangyin Hailan Zhonggu Shipping Leasing Co is behind the contract for 28,400-dwt MPPs w...
2010-07-26 06:47:14
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