COSCO bye to ‘Loss Champion’ [Shipping]
In 2009, the global financial crisis stormed shipping market. As the largest Chinese shipping company, COSCO became Chinese shipping ‘Loss Champion’. In 1st quarter of this year, the net profit of COSCO reached CNY882m ($129m). Obviously it’...
2010-06-22 09:50:46
Liaoning ship exports hit 7,879 units [Finance]
According to custom statistics, Liaoning Province China exported 7879 ships in past five months of this year, rising by 97.1%. The export trade volume reached $1.67bn, namely 68.9% up. The export was mainly oriented to Singapore, Hong Kong, Japan ...
2010-06-22 09:50:08
Alaskan yard eyes ferry order [Equipment]
Alaska Ship and Drydock is eyeing a new state ferry newbuilding contract. The yard believes its experience in building the experimental Susitna ferry for the Matanuska-Susitna borough could give it an advantage in bidding for the new Alaska-class...
2010-06-22 08:25:20
STX wins Color Line order [General]
The STX shipyard in Helsinki has clinched a contract with Norwegian ferry owner Color Line to extend one of its ferries. The contract is worth NOK 100m ($16m) and covers an extension to the owner’s 33,000-gt ferry SuperSpeed 1 (built 2008). ...
2010-06-22 08:22:29
Maridive cancels orders at ABG [Offshore]
Egypt's Maridive and Oil Services said it has cancelled two vessels being built at ABG Shipyard in India. The company did not reveal further details, but it has two anchor-handlers and a maintenance ship on order at the shipyard, all due for deli...
2010-06-22 08:21:11
Cosco newbuilding pair become effective [Shipbuilding]
Two of the 15 bulker newbuilding contracts announced by Cosco Shipyard Group last week have now become effective. Majority shareholder Cosco Corp said the shipyard group had received initial deposits for two of the newbuildings inked last week ma...
2010-06-22 08:20:02
Japan, Vietnam seek cooperation [General]
Vietnam and Japan hold a big opportunity for cooperation in shipbuilding as the world’s second largest economy is recovering and the Southeast Asian country’s shipbuilding industry boasts various potentials Vietnam ’s Investment Counsellor to J...
2010-06-22 08:16:35
USC boosts aluminum use [Equipment]
Alcoa and United Shipbuilding Corp. (USC) have signed a Memorandum of Understanding that aims to develop the Russian shipbuilding market, while increasing the use of aluminum in new ship construction. “We are very glad to start full scale coope...
2010-06-22 08:14:17
Indonesian await Pertamina orders [Shipbuilding]
Indonesian oil giant Pertamina is about to give the country’s struggling shipbuilders a major boost with orders for six product tankers. Pertamina is in the process of evaluating tender offers from Indonesian shipbuilders for three 3,500-dwt pr...
2010-06-22 08:12:13
Russian LNG carrier deal [Shipping]
Sovcomflot and Russian energy giant Gazprom have moved a step closer to signing order for LNG ships for the high Shtokman gas field. The compatriot companies have signed a letter of intent to cooperate on logistics and transportation for the proj...
2010-06-22 07:34:54
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