Capesize lay-up rumor [Shipping]
Rumours are beginning to circulate that capesize owners are considering laying-up ships following a plunge in freight rates. A capesize was fixed at just $18,000 a day yesterday as the Baltic Dry Index dropped for a 32nd consecutive day. Martin S...
2010-07-14 07:21:04
SLS 40K PC resale [Shipping]
Newly-listed Scorpio Tankers has been tied to the purchase of a products tanker resale in South Korea in a deal which would push its post-IPO spending past $200m. Scorpio has paid $34m for the 40,000-dwt vessel, which is set for delivery from Shi...
2010-07-14 07:18:07
Dof sells Cochin PSVs [Offshore]
Norwegian offshore owner Dof has cashed in two platform supply vessels (PSVs) under construction in India. It has sold the 4,800-dwt pair for a combined $108m, according to a statement to investors. Mons Aase, CEO of Dof, says the ships were sold...
2010-07-14 07:10:27
Jurong inks $356m rig deal [Offshore]
Mainboard-listed Sembcorp Marine says its unit, Jurong Shipyard, has signed a US$356 million contract to sell a drilling rig to a subsidiary of Norwegian firm, Seadrill. The CJ-70 harsh-environment drilling rig is currently under construction and...
2010-07-14 07:07:38
CSSC delivers 99 in H1 [Shipbuilding]
China State Shipbuilding Corporation, one of the two largest state-owned shipbuilding groups in the country, revealed Monday that its shipyards have built 99 new ships of 8.11m dwt in the first six months of the year, up by 76% against the same perio...
2010-07-14 06:44:53
Hanjin inks 8 kamsarmax BC's [Shipbuilding]
Kamsarmax class bulker orders have surged in the first half of the year and South Korean major shipbuilder also secured one. Hanjin Heavy Industries & Construction has reportedly won an order for four plus four 82,000-dwt bulk carriers from a Chin...
2010-07-14 06:35:54
Hyundai Mipo 8 PC's axed [Shipbuilding]
Turkey's Geden Lines has reportedly cancelled an eight-ship order at South Korea's Hyundai Mipo Dockyard. It is said to have axed the contract for building eight 37,000-dwt products carriers inked in the latter half of 2007. The delivery of the...
2010-07-14 06:27:35
S&M yards amid difficulties [Shipbuilding]
New ship orders have picked up to 2004 and 2005 level in the first half of the year but small- and medium-sized shipbuilders in South Korea are still having difficulties caused by a severe orders drought last year. To make it worse, prices of raw ...
2010-07-14 06:23:04
HHI wins red dot Design Awards [General]
Hyundai Heavy Industries-developed HiMSEN Engine (Model No. 18H32/40V) and Next Generation Ship Surveillance & Control System (ACONIS-DS) were awarded the 'reddot Design Awards 2010'. HiMSEN Engine's refined and solid design as a heavy industry pr...
2010-07-13 13:08:55
Evergreen shows optimism on market [Shipping]
Vice President Xie Zhijian of Evergreen Group recently said that the Asian container shipping market might show uptrend next year regardless of Europe's sovereign-debt crisis. Xie indicated that by last Monday the idle boxship fleet still reached ...
2010-07-13 09:59:04
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