Beluga set to order newbuilds [Offshore]
Armed with a reported $128 million capital injection from Oaktree Capital Management of the U.S., German heavy lift shipping specialist Beluga Shipping is set to go on a newbuilding spree. According to the Weser Kurier, within the next few weeks,...
2010-07-26 06:43:42
Yangzijiang to issue TDRs [Finance]
Singapore-listed Yangzijiang Shipbuilding Holdings Ltd, a shipbuilder based in China, said that it has secured approvals from the Taiwan Stock Exchange and the Taiwan Central Bank to issue Taiwan Depositary Receipts in the island, sources reported. ...
2010-07-26 06:39:50
Ship finance is back [Finance]
Shipping banks are returning to the game but are not willing to take the same risks as seen during the boom. Syndicated shipping loans reached their lowest level in over six years during the second quarter with only $3.4bn handed out, figures from...
2010-07-26 06:38:09
More ships with fewer cargos [Shipbuilding]
China’s Ministry of Industry and Information Technology announced Chinese output, new orders and orderbook had occupied 41.1%, 46.2% and 37.7% of global share respectively in the first half year. Shanghai Shipping Exchange indicated that China...
2010-07-23 11:26:01
Opposite views: Up or down [Shipping]
Chinese big2 giants, China Shipping and COSCO, both convened mid-year meeting of 2010. COSCO showed confidence to hit new high this year while China Shipping thought the growth of economy would slow down in the second half year. Chairman Li Sh...
2010-07-23 11:25:26
CSCL keeps optimistic [Shipping]
Fan an, Manager of Investment Department of China Shipping Container Lines Company Limited (CSCL) which is a subsidiary company of China Shipping Group, received an interview recently. He criticized current market status briefly. Journalist: What...
2010-07-23 11:24:52
HMD wins Japanese tanker order [Shipbuilding]
Hyundai Mipo Dockyard is in talks with a Japanese shipowner to build products tankers. Market players say Mitsui OSK Lines (MOL) has booked three 46,000-dwt IMO-III products tankers at HMD for delivery in 2013. An official at MOL confirms the c...
2010-07-23 11:17:28
Hosco orders 14 kamsarmaxes [Shipbuilding]
Two Chinese yards have bagged orders to build a total of 14 kamsarmaxes. Hebei Ocean Shipping Corp (Hos­co) is back in the newbuilding market after a two-year break. The Chinese owner is said to have splashed out close to $500m on kamsarmax bulk...
2010-07-23 09:00:34
Xiamen wins supramax pair [Shipbuilding]
Xiamen Shipbuilding Industry has bagged a pair of supramax bulkers from an Asian shipping company. A Xiamen executive discloses that Hong Kong-based SanFeng Shipping has booked the 57,000-dwt bulkers for delivery in the second half of 2012. T...
2010-07-23 08:55:54
Aker bags $24m Goliat deal [Offshore]
Oilfield services player Aker Solutions has won a Nkr150 million ($24.1 million) contract with Italian operator Eni for the design and supply of an on-vessel Pusnes mooring system for the Goliat floating production storage and offloading vessel. The ...
2010-07-23 08:23:27
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