Gulf Nav gets $70m in refunds [Shipping]
Gulf Navigation is planning a new spending spree after swelling its cash reserves with refunds from cancelled newbuildings. The listed shipowner has more than $70m burning a hole in its pocket after axing two orders at SLS Shipbuilding, a stateme...
2010-06-16 08:11:32
Austal unveils new windfarm workboats [Offshore]
Aluminium fast craft builder Austal reports it has developed a new range of high speed transfer vessels specifically designed for the burgeoning offshore wind farm industry. The company says its Wind Express series of vessels combine fuel efficien...
2010-06-16 08:10:29
Alfa Laval wins 100th orders for PureBallast [Equipment]
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has received two orders of record size for Alfa Laval PureBallast systems from two leading shipyards in South Korea. The systems will be installed o...
2010-06-16 08:09:42
Drydocks wants Singapore Eximbank [Finance]
Singapore should look at setting up an export credit agency, which will level up the playing field for offshore builders against other players for large capex projects. Crude is trading at $75 to $85, above the breakeven point of $40 to $45 for m...
2010-06-16 07:33:10
Evergreen bid war ongoing [Shipbuilding]
Taiwan’s leading shipbuilder says it is still in contention for a share of Evergreen’s 100-boxship order as South Korea makes an early running. The president of Taiwan’s CSBC Corp has come out fighting following reports that the first batch...
2010-06-16 07:30:21
Bulkers lead newbuilding recovery [Shipbuilding]
Despite the high levels of uncertainty and an ever so volatile market, shipowners don’t appear hesitant to invest in new bulk carriers, with scheduled deliveries between 2011 and 2012. According to Clarksons' latest weekly report, the focus of ...
2010-06-16 07:27:07
Amur inks icebreaker [Shipbuilding]
Russia’s Amur Shipyard has clinched its first icebreaker order. The shipyard under the umbrella of state-owned shipbuilding group United Shipbuilding Corporation (USC) will construct a 7-megawatt vessel, according to USC chief Roman Trotsenko. ...
2010-06-16 07:20:01
Jinling wins supramax [Shipbuilding]
UK shipowner Bibby Line has inked a supramax bulk carrier newbuilding in China. The owner said the order at Jinling Shipyard in Nanjing is likely to be followed by other newbuilding and secondhand purchases. Delivery is set for March 2012 but...
2010-06-16 07:14:11
COSCO scores 15 bulkers [Shipbuilding]
COSCO Shipyard Group has bagged $440m in bulker newbuilding orders. CSG majority shareholder COSCO Corp said COSCO Dalian Shipyard and COSCO Guangdong Shipyard had signed 11 contracts and four letters of intent with four undisclosed European ship...
2010-06-16 07:02:29
'Emergency Salary Era' ends [Finance]
It was recently disclosed that chief and other executive officers of South Korean shipbuilding companies, who had returned part or all of their salary to the companies amid severe downturn last year, have been receiving normal wages since the end of ...
2010-06-16 06:35:05
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