BDI losing streak ends [Shipping]
The Baltic Dry Index gained 1.2% in London Friday, breaking a losing streak which stretches back 35 consecutive trading days to May. Still, with capesize vessels earning less than $13,000 daily, the fall has hit shipowners hard in the pocket and d...
2010-07-19 07:13:59
Vinalines not buying Vinashin ships [Shipping]
State-controlled Vietnam National Shipping Lines (Vinalines) is still actively absorbing assets tied to Vinashin but ships might not be on the menu. Vinalines has rejected claims that it is buying over three-dozen vessels from the troubled state ...
2010-07-19 07:10:44
Nakilat & Damen ink shipyard deal [General]
Qatar Gas Transport Co (Nakilat) and Dutch firm Damen Shipyards Group are to jointly operate a shipbuilding facility at the Qatari port of Ras Laffan, the companies said on Thursday. Nakilat, the world's largest shipper of liquefied natural gas (...
2010-07-19 07:06:44
CSIC to raise $2.6bn [Finance]
Major Chinese shipbuilder China Shipbuilding Industry Co said on Friday it planned to raise 17.3 billion yuan via a share placement to buy assets from its parent company. China Shipbuilding will issue 2.5 billion new shares to its state parent an...
2010-07-19 07:05:16
DSME inks pipe-laying vessel [Offshore]
South Korea's Daewoo Shipbuilding & Marine Engineering has won an order for a pipe-laying vessel from Heerema Offshore Services B.V. of the Netherlands. The 32,000-ton ship with a length of 215 meters and a breadth of 46 meters is able to lay pipe...
2010-07-19 06:48:40
Chinese takes "Triple Crown" [Shipbuilding]
China ranked 1st by new orders, order backlog and output in the first half of the year, surpassing South Korea in all those three indices for the first time. China exceeded Korea by order intakes and orderbook since last year but it beat Korea in ...
2010-07-19 06:31:36
Revenue ↓ Profits ↑: Korean yards [Shipbuilding]
South Korea's five listed shipbuilders, namely Hyundai Heavy Industries, Hyundai Mipo Dockyard, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Hanjin Heavy Industries & Construction, are all expected to post much-improved prof...
2010-07-19 06:07:20
HMD wins kamsarmax pair [Shipbuilding]
South Korea’s Hyundai Mipo Dockyard has received an additional order for two kamsarmax bulkers from Greece's Clemko Shipmanagement as the owner exercised the options. The yard booked the first pair of 82,000-dwt vessels in March for delivery in ...
2010-07-16 13:00:19
Samho books handies [Shipbuilding]
South Korea's Samho Shipbuilding has reportedly won orders for two firm 35,000-dwt bulkers plus one option from Malaysia’s Ecoship. Delivery is scheduled in the first half of 2012. Industry players expect Ecoship will be paying over $27m per ...
2010-07-16 12:52:08
Big 6 yards eye Brass LNG newbuilds [Offshore]
South Korea’s big four shipbuilders along with two Japanese rivals are expected to receive tender documents this month for the planned newbuilding tender for Nigeria’s much-delayed $6bn Brass LNG liquefaction project. South Korea’s 'Big 4' R...
2010-07-16 12:45:56
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