Crowley orders tug pair [Offshore]
Crowley Maritime Corp has ordered a pair of oceangoing tugs at Louisiana's Bollinger Shipyards. Jacksonville-based Crowley says it expects the two, 10,880-hp vessels to be delivered by 2012. The contract for the aptly named Ocean Sun and Ocea...
2010-07-21 07:48:57
Explosion accident at China yard [General]
An explosion at a shipyard in east China's Jiangxi Province early Saturday has left five workers dead and one missing. The accident happened at 2:10 a.m. at the Tongfang Jiangxin Shipbuilding Co. shipyard in Hukou County, local safety authorities...
2010-07-21 07:47:24
Rongsheng cuts IPO [Finance]
Jiangsu-based private shipbuilder Rongsheng Heavy Industries has reduced the fundraising target for its Hong Kong initial public offering. The IPO target had been lowered to $700-800m from $1.5bn. The reduced target will increase its chances of c...
2010-07-21 07:42:35
Japan orders shoot up to 104 [Shipbuilding]
Japan’s shipbuilders have seen one of their most active months for newbuilding orders since the financial crisis. June saw orders placed for 33 ships of nearly 1.6mgt according to statistics from the Japan Ship Exporters’ Association (JSEA). ...
2010-07-21 07:39:32
Hyundai inks two VLCC's & more [Shipbuilding]
It has emerged that Hyundai Heavy Industries won new orders for two VLCCs from an Italian owner and two suezmax tankers and two panamax bulkers from Greece's Dynacom. With the Italian owner, the South Korean shipbuilder signed two 318,000-dwt very...
2010-07-21 07:04:28
Korean shipowners' newbuild spree [Shipping]
South Korean shipowners' new ship orders jumped during the first half of the year, exceeding last year's total new order volume already. According to statistics from Clarksons and shipping industry, in the January-June period Korean shipping compa...
2010-07-21 06:53:25
DSME pens VLCC quartet [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering signed a newbuilding contract with Malaysian tanker owner American Eagle Tanker (AET) on July 20th to build four 320,000-dwt very large crude carriers. DSME president Nam Sang-tae and AET president Hor Weng...
2010-07-21 06:45:42
Not exceed 50% on delivery [Shipbuilding]
Clarkson expressed about 1.3m TEU was expected to enter the market this year, in spite of 50% delivery delays and order cancellations in the first half year. The demand for container shipping volume is decreasing against last year. Shipowners were...
2010-07-20 10:08:44
CISC focuses on listing [Finance]
As one of Chinese two major shipbuilding groups, China Shipbuilding Industry Corporation (CSIC) recently launched overall listing plan, with CNY17.3bn ($2.56bn) assets involved. CISC may compete with another Chinese shipbuilding giant, namely Chin...
2010-07-20 10:07:07
FPCC to be Taiwan’s No.1 [Shipping]
On July 14th, Chairman Wilfred Wang of Formosa Petrochemical Corporation (FPCC) visited Japan, for fleet expansion. As is revealed, FPCC’s fleet will be expanded from 45 ships to 76 ships of 8.15m dwt. It seems to become No.1 of Taiwanese bulk carr...
2010-07-20 10:06:23
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