CSBC to win Evergreen's orders [Shipbuilding]
Taiwan's Evergreen Group will order 10 ships from the island's leading shipyard for US$1.03bn, powering ahead with a plan to more than double its container fleet, a report said Monday. Tang Tay-ping, president of CSBC Corp, Taiwan, told the Taipei...
2010-07-13 07:27:55
Damen commissions new outfitting hall [Equipment]
Recently, at Damen Shipyards Galati, Romania, a brand new outfitting hall was commissioned by transferring the first ship inside, being the 3rd ‘Patrol Vessel’, currently under construction for the Royal Netherlands Navy. This ship is the fir...
2010-07-13 07:25:02
Cosco wins wind turbine install ship [Offshore]
Cosco Shipyard Group has scooped a near $140m order for a wind turbine installation ship from Denmark. Copenhagen-quoted DONG Energy’s subsidiary A2Sea has signed for the specialised jack-up unit, it wrote in a bourse announcement on Monday. ...
2010-07-13 07:15:22
STX attains 65% of order target [Shipbuilding]
South Korea's STX Offshore & Shipbuilding said it has already achieved 65% of its annual order target of $4.3bn by winning 42-ship orders worth $2.83bn in the first half of the year. STX O&S, one of the world's 'Big 4' shipbuilders, has signed mai...
2010-07-13 06:53:40
Newbuilding back on normal track [Finance]
Global new ship orders are increasing faster than expected with about 30m gt of 700 newbuildings contracted in the first six months of the year, doubling from the same period of last year. Although the figure is well below those of the super boom ...
2010-07-13 06:50:53
Hyundai settles on wage deal [General]
Hyundai Heavy Industries' labor and management have finalized one-month-long negotiations and reached a settlement on this year's collective wage agreement, coming to a peaceful settlement for the 16th consecutive year since 1995. HHI labor union ...
2010-07-13 06:43:41
Saudi to invest $11bn in shipbuilding [Offshore]
Saudi Arabian Zamil Offshore Services Company will invest SAR40 billion (US$10.7 billion) over the next 10 years into shipbuilding industries. The company has achieved SAR 2billion (US$533 million) in shipbuilding returns during the past two years, a...
2010-07-12 11:20:35
Nanjing tanker earns in Q1 [Shipping]
As a listed enterprise, China’s Nanjing Tanker Corporation, whose profit was just CNY4.23m ($0.62m) in 2009, recently announced the company earned $11.9m in 1st quarter for shareholders. Nanjing Tanker Corporation expressed their optimism on 20...
2010-07-12 09:59:33
Idle fleet means oversupply? [General]
The idle fleet is said to hit 520,000TEU, but it do not mean 520,000TEU surplus shipping capacity accordingly because different shipping routes are characterized with different capacity, depth, and port sizes. In the view of global market, no idl...
2010-07-12 09:58:27
Boxship delivery hit new high [Shipping]
According to Alphaliner statistics, global boxship delivery hit 88 units from April to June 2010, which hit new high of quarter delivery, namely 440,000TEU. In the past two weeks, global idle boxship fleet also kept shrinking due to great demand i...
2010-07-12 09:57:43
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