Yangfan wins handysizes [Shipbuilding]
China’s Yangfan Group has won an order from Canadian Forest Navigation (Canfornav) to build up to six bulkers. Informed sources say Canfornav has booked four 33,000-dwt handysizes plus two options at Yangfan with delivery beginning at the end of...
2010-06-18 08:33:57
Polsteam orders handy series in China [Shipbuilding]
Xingang Shipyard in Tianjin, China, signed a contract with Poland’s largest shipowner Polish Steamship (Polsteam) for four handysize bulkers The deal takes to 18 the number of ships contracted in the series, all of 37,600 dwt to 38,000 dwt. ...
2010-06-18 08:31:32
Irving strike judged 'illegal' [General]
Workers at an Irving shipyard in Canada have been ordered to stop an “illegal” strike. The provincial Labour Relations Board ruled workers must “cease and desist from engaging in an unlawful strike.” Employees at East Isle Shipyard on...
2010-06-18 08:29:40
Yangzijiang invests in venture capitals [Finance]
China’s Yangzijiang Shipbuilding has ploughed over $20m into a new domestic venture capital investment fund. Singapore-listed Yangzijiang has poured CNY 135m ($22m) into Jiangsu Runyuan Rural Microfinance, it tells investors Thursday. This ...
2010-06-18 08:26:59
Spanish secures newbuilding [Offshore]
Spanish shipbuilder Astilleros Zamakona has won a newbuilding safety and standby vessel from Denmark's Esvagt. The ship will follow the Ulstein SX123 design. It is not yet clear how much the Danish owner will pay for the 80 metre long newbuild...
2010-06-18 08:25:08
Russian yards on sale [General]
Two Russian shipyards are to be sold to pay off a banking subsidiary’s debts. The Russian cabinet is considering the disposal of Severnaya Verf and Baltiysky Zavod so that United Industrial Corporation (UIC) can meet bond commitments made by it...
2010-06-18 08:22:38
Brazilian wins $750m ship loan [Finance]
Brazilian Development Bank (BNDES) has penned a contract with Companhia Brasileira de Offshore (CBO) to help fund the shipowner's 19-ship newbuilding program. CBO said it will use the BRL 1.2bn ($750m) loan to finance the construction of 19 platf...
2010-06-18 08:17:59
DNV advises Vietnam on LNG use [General]
DNV is to advise Vietnam on the distribution and risk management of importing liquefied natural gas (LNG). Vietnam’s deputy Prime Minister Hoang Trung Hai witnessed the signing of a memorandum of understanding which sets out a framework for DNV...
2010-06-18 07:41:03
Hyundai pens cape [Shipbuilding]
South Korea's Hyundai Heavy Industries has won one 180,000-dwt capesize bulker from compatriot Hyundai Merchant Marine (HMM). Delivery is set for 2012. The newbuilding will replace one of HMM's existing older vessels working a long-term contract o...
2010-06-18 07:37:39
HMD inks ten supramaxes [Shipbuilding]
South Korea's Hyundai Mipo Dockyard has inked up to ten open hatch bulkers with European shipowner. Norway's Grieg Shipping Group emerged as the owner behind the order for handymax bulker series. The deal includes six firm contracts and option...
2010-06-18 07:30:17
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