Halter Marine order canceled [Shipping]
US shipyard VT Halter Marine is fighting to win back a ship order cancelled by the National Oceanic and Atmospheric Administration (NOAA). The 110-foot ocean mapping vessel SWATH Ferdinand R. Hassler is 98% complete and has undergone sea trials i...
2010-07-16 07:39:28
Transpetro wins ship financing [Finance]
Banco do Brasil has emerged as the financial force behind Transpetro's $46.5m bunkering tanker order. The Rio de Janeiro-based shipowner says its patron is covering 82% of the initial investment in three 4,000-cbm vessels ordered at Superpesa shi...
2010-07-16 07:35:10
Ouhua inks six BCs [Shipbuilding]
German shipowner Reederei "Nord" Klaus E. Oldendorff is rumoured to have penned six bulker newbuildings in China. Word among shipbrokers is the Hamburg-based outfit has ordered the sextet at Zhejiang Ouhua. It is believed the deal is made up ...
2010-07-16 07:31:56
Japan uncertain on plate export to Korea [Equipment]
It remains to be seen whether Japan's integrated steelmakers will see a turning point this week in negotiations on their export deals of ship plates with South Korea's shipbuilding companies for August to September 2010 shipments. The Japanese st...
2010-07-16 07:27:20
Tanker market under pressure [General]
The focus of shipping market analysts is on the endless downfall of the dry bulk freight market, but things are not much better in the wet side of the market as well. The tanker industry is also increasingly coming under pressure, both as a resul...
2010-07-16 07:25:42
ClassNK continues global expansion [General]
Nippon Kaiji Kyokai (ClassNK) announced the official opening of a new exclusive surveyor office in Cardiff, U.K. on July 15th. The new office becomes the fourth new office to be opened by the Japanese classification society this year, following t...
2010-07-16 07:09:02
DSME enters PNG LNG project [Offshore]
DSME E&R, a subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea, is to develop gas reserves in Papua New Guinea. DSME E&R, Norway's Hoegh LNG and Papua New Guinea's state-run oil, gas and minerals company Petromin PNG Hol...
2010-07-16 07:02:33
Shipping slump to affect orders [Shipping]
Both bulker and tanker markets are showing a downward trend recently and the continued recovery in new ship orders is expected to take a hit, accordingly. Despite tight ship financing environment, rise in ship prices and massive orderbook, newbuil...
2010-07-16 06:49:37
CMB focuses on ship finance [Finance]
China Merchants Bank (CMB) recently held a seminar on ship finance, in witness of Chinese local shipowners with convenience flag fleet, as well as foreign shipbrokers like Arrow Manager Lin Dashui of Offshore Business Dept. from CMB said China wou...
2010-07-15 10:08:04
CPC starts single huller conversion [Equipment]
Taiwan’s CPC Corporation has triggered new plan of single hull tanker fleet conversion. General Manager Zhu Shaohua of CPC Corporation said single hull tanker must be ruled out in 25 years. CPC’s single huller fleet, as more as 14 units, would...
2010-07-15 10:07:32
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