STX inks $99m COA [Shipping]
STX Pan Ocean has penned a massive coal contract with a compatriot energy company worth $99m. The South Korean diversified shipowner will transport 10 million tons of coal over the next 10 years for Korea South-East Power Co (KOSEP). The first sh...
2010-07-23 08:21:46
Szczecin sells only $1.6m [General]
The Polish government has sold assets worth only PLN 5m ($1.57m) at Szczecin shipyard in its third auction attempt. A unit of Polish shipyard Remontowa, called SSR Gryfia, bought shipbuilding materials for PLN 1.93m, as well as docking and technol...
2010-07-23 08:20:03
PST upbeat on box sector [Shipping]
Pacific Shipping Trust (PST) expects the container shipping business to continue to improve this year. PST, which owns 12 boxships placed on long term charters, noted the recovery of container freight rates had continued well into the second quar...
2010-07-23 08:17:28
Japan ship orders double [Shipbuilding]
After falling for 15 months in a row, Japanese export ship orders rose for the seventh consecutive month in June on a year-on-year basis, surging 149.6 percent to 1,590,210 gross tons, according to figures released by the Japan Ship Exporters' Associ...
2010-07-23 08:15:13
Cosco seals drillship order [Offshore]
A bankrupt Norwegian owner’s partially-finished offshore newbuilding will hit the water in two years after Cosco Corp (Singapore) scooped a new contract. Dalian Deepwater Development has given the contract worth over $500m to the yard for a sin...
2010-07-23 07:28:26
CSIC speeds up restructuring [Finance]
China Shipbuilding Industry Corp announced that it will speed up the restructuring project as it already accepted a plan with more than RMB 17.3 billion worth of capital assets injection from seven shareholders through private placement. The comp...
2010-07-23 07:25:06
Korean yards enjoy order rally [Shipbuilding]
South Korean shipbuilders, led by Hyundai Heavy Industries, racked up modest orders in the first half of the year on continued demand for vessels and offshore facilities, putting them on course to meet their yearly targets. Hyundai Heavy Industrie...
2010-07-23 07:22:18
DSME hits jackpot [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering which secured large containership series orders on Wednesday for the first time in almost two years is also set to ink one passengership and one FPSO orders within this month. An official from the South Kor...
2010-07-23 06:56:51
Jiangsu yards face finance drought [Shipbuilding]
As is reported earlier, New Century Shipbuilding has signed four 320,000-dwt VLCCs with Greek Dynacom Tankers Management Limited, totaling $380m. In the first half year, the output and new orders of Jiangsu Shipbuilding industry increased by 83.5...
2010-07-22 10:05:08
Minsheng signs four bulkers [Finance]
In July Minsheng Financial Leasing signed four 57,000-dwt bulk carriers with compatriot China Shipping Industry Company Limited (CIC), totaling CNY850m ($125m). The ships will be delivered in April 2012, which will be operated by Guangdong Lanhai Shi...
2010-07-22 10:04:01
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