Indonesian to buy $110m ships [Shipping]
Indonesian owner Berlian Laju Tanker (BLT) has set aside $110m to add more vessels to its fleet. Finance director Kevin Wong was quoted as saying the cash would go towards bringing in another 12 ships in the next two years. BLT is known to ha...
2010-06-30 08:18:39
BDI plummets to lowest [Shipping]
The Baltic Exchange Dry Index (BDI) has slumped to a near nine month low on continuing worries about a slowdown in China. On Monday the BDI fell another 19 points to 2,482 points in its 23rd consecutive decline to remain at its lowest since 6 Oct...
2010-06-30 08:16:37
Ulstein designs wind turbine vessel [Offshore]
Norway’s Ulstein shipyard group is working on two new offshore wind industry ship designs for Scotland’s SeaEnergy. The two sides have signed a letter of intent to develop vessels for both commissioning and maintenance work, based on the Ulst...
2010-06-30 08:12:58
Samkang wins $3m pipe deal [Equipment]
Samkang M&T, a vessel pipe manufacturing company in South Korea, announced that it has inked a pipe supply contract with Tae Jin International for $3.052m (KRW 3.67bn). The contract value accounts for 3.78% of the latest annual sales. Delivery is...
2010-06-30 07:34:49
New shipbuilding standard GBS adopted [General]
While the discussion for the compulsory application of the new concept shipbuilding standard of the Goal-Based Standards (GBS) ended successfully at the 87th Meeting of the Maritime Safety Committee (MSC87) under the International Maritime Organizati...
2010-06-30 07:25:45
Equip localization surge in China [Equipment]
The localization rate of the shipbuilding equipment in China is increasing. For the main and the auxiliary diesel engines, the facilities have been actively operated under the technical support through the license contracts with foreign makers. ...
2010-06-30 07:10:06
Samsung inks 24 suezmaxes [Shipbuilding]
South Korea's Samsung Heavy Industries has reportedly inked a contract with Greece's N.S. Lemos to build three 158,000-dwt suezmax tankers. As a result, the disclosed amount of new orders for suezmax tankers at Samsung this year has increased to ...
2010-06-30 07:01:27
Korea takes 43.6% of global orders [Shipbuilding]
South Korea has won four ships out of 10-ship orders around the world, taking No. 1 position by new order intakes during January to April period. According to the statistics compiled and announced on June 29th by the Ministry of Strategy and Finan...
2010-06-29 11:56:42
China to offer subsidies for single huller [Shipping]
Chinese government issued policy to provide financial subsidies for old ships especially single hull tankers’ quitting in advance until June 30th 2012. According to details, Chinese old ships above 1000 grt and single hull tankers above 600 dwt ...
2010-06-29 10:34:36
China faces cruise market booming [Shipping]
On June 24th, Seatrade All Asia Cruise Convention 2010 was held in Suzhou China. Experts indicated that in 2010 about 1.5m passengers would travel by cruise in Asia, increased by 0.4m passengers than that in 2005. As us introduced, the cruise s...
2010-06-29 10:33:20
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