CMT: Better than expectation [Shipping]
‘Originally we thought the freight of bulker shipping would dive due to more rushing into market. But now we see it’s better than our expectation,’ said General Manager of Chinese Maritime Transport (CMT). He indicated that the newly built s...
2010-06-24 09:44:14
Pipavav looking for partner [Finance]
After the exit of Punj Lloyd from Pipavav Shipyard, Nikhil Gandhi, chairman of the shipyard, is on a lookout for a strategic investor. Gandhi said he is open to giving at least 26% stake, or the investor can match the 40% stake SKIL holds in Pipa...
2010-06-24 09:00:54
UIC continues talks to sell yards [Shipbuilding]
Negotiations on the sail of United Industrial Corporation’s shipbuilding assets - Baltiysk Plant and Northern Shipyard - is continuing this week. UIC press office comments on the statement of Igor Ryabov, spokesman for the USC, who said USC woul...
2010-06-24 08:57:58
Yangzijiang secret investor unveiled [Finance]
A Qatar sovereign wealth fund has emerged as the mystery investor in China’s Yangzijiang Shipbuilding. In April an unnamed Middle East investor agreed to subscribe to 83.5m new shares in the Singapore-listed Chinese shipbuilder at SGD1.29 a sha...
2010-06-24 08:39:53
BP, Chevron join forces in China [Offshore]
BP is teaming up with Chevron in bidding for a South China Sea exploration block, a person familiar with the matter said. Chevron will have a 60% stake in the block and act as operator, with BP holding the remaining interest, the person said. ...
2010-06-24 08:37:02
IRS joins IACS [Equipment]
The Indian Register of Shipping (IRS) has become a full member of the International Association of Classification Societies (IACS). The move comes after the introduction of new membership criteria in October 2009. The IACS council accepted the ap...
2010-06-24 08:34:03
Globus snaps up kamsarmax [Shipping]
Globus Maritime has dipped into the sale and purchase market for the second time in three months and snapped up a kamsarmax resale. London-listed Globus will pay $41.12m for the ship, it tells investors Wednesday. Globus does not identify the ves...
2010-06-24 08:31:13
GL's forum on Wind Turbine Installation Vessels [Offshore]
Offshore engineering and wind farm development was the topic of the GL First Class Exchange Forum in cooperation with Samsung Heavy Industries, Beluga Hochtief Offshore, Huisman, and BLM Jack up Systems. What are the solutions for offshore instal...
2010-06-24 08:28:46
Indian inks 4 research ships [Shipbuilding]
Dutch seismic giant Fugro has ordered up to four geotechnical research vessels at India’s Tebma Shipyards. The deal comprises two firm orders plus two optional vessels. No financial terms were disclosed. Principal particulars for the DP 2 vesse...
2010-06-24 07:41:35
Korean No. 1 export item: Ships [General]
Last year, there were seven export categories with the value of more than $10bn for each category in South Korea. They included vessels, wireless phones (cellular phones), electronic direct circuits and display devices. According to the 'Trad...
2010-06-24 07:22:03
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