China Shipping: Rebound expectable [Shipping]
‘As global economy recovers gradually, the shipping market will show turnaround clearly. But considering Europe's sovereign-debt crisis, maybe some fluctuations will emerge in the second half of this year. In addition, the demand and supply of the ...
2010-06-14 09:51:34
Bullker market faces turning point [Shipping]
The bulker carrier market was hit by severe blow since global financial crisis broke out. Compare to boxship and tanker market, the influence is not so great. However, uncertainty still exists in bulk carrier market. Hereby experts said the turni...
2010-06-14 09:50:54
Boxship orders resume [Shipping]
The drought in containership orders has finally broken, with some Far Eastern players seeking to order vessels before prices rise or berths fill up. South Korea’s STX Pan Ocean and Singapore-based Pacific International Lines (PIL) have inked se...
2010-06-14 08:24:38
LNG ship orderbook falls [Offshore]
World LNG-carrier orders have slumped to just over 10% of the global fleet, down from a massive 88% three years ago when it topped even the prolific capesize-bulker sector. In his weekly column, Clarksons research guru Martin Stopford pointed to ...
2010-06-14 08:16:18
Pipavav builds world's largest dock [General]
India’s Pipavav Shipyard is set to construct a new drydock in Gujarat, which it claims will be the world’s biggest. The repair and maintenance facility will be roughly the size of seven football fields and bigger than Hyundai Heavy Industries...
2010-06-14 08:14:58
Todd performance soars [Finance]
A sharp rise in shiprepair activity has helped push up full-year earnings at Todd Shipyards. New York-listed Todd turned in a profit of $7.8m for year to 29 March, beating the $4.8m posted a year ago. Revenue raced from $113.5m to $180m helpe...
2010-06-14 08:12:59
Green equip orders for newbuilds [Equipment]
In signs of a growing industry trend, environmental equipment suppliers have announced breakthrough newbuilding contracts at Asian yards. Hamworthy Krystallon says Italian owner Messina has selected its seawater scrubbers for four 45,000-dwt roro...
2010-06-14 07:29:10
MHI mulls importing steel from Korea [Equipment]
Mitsubishi Heavy Industries Ltd (MHI), Japan’s third-largest publicly traded shipbuilder is found to be considering ways to import steel for shipbuilding from South Korea. A high official from MHI, who held a press conference in Japan, said tha...
2010-06-14 07:24:22
MES tests BioOil in diesel engines [Equipment]
Mitsui Engineering & Shipbuilding and Dynamotive Energy Systems announced that they have entered into a Memorandum of Understanding to form a new partnership that will serve as a platform to test, develop and market BioOil for application in Slow and...
2010-06-14 07:21:52
SHI pens four suezmaxes [Shipbuilding]
Samsung Heavy Industries has won an order for four suezmaxes from former OMI Corp boss. Former OMI chief executive Craig H Stevenson Jr has made his long-awaited comeback to the tanker industry with a $270m order for four suezmax newbuildings in S...
2010-06-14 07:16:29
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