SHI to win Evergreen 8,000TEU's ? [Shipbuilding]
Evergreen Marine Corp is set to kick off its “100 boxships” newbuilding plan with South Korea’s Samsung Heavy Industries tipped to win a series of 8,000-teu vessels. But it may be some time before the contract is finally inked due to a pric...
2010-06-14 07:08:39
DSME inks eight suezmaxes [Shipbuilding]
Former Frontline chief executive Bjorn Sjaastad has ordered eight suezmax tankers at Daewoo Shipbuilding & Marine Engineering in South Korea during last week's Posidonia exhibition. “We think it’s very good timing at this point in the cycle,...
2010-06-14 06:45:31
MHI focuses on passengership & offshore [Shipbuilding]
Japan's Mitsubishi Heavy Industries plans to focus on high value-added vessels like passenger ships, offshore plants and gas carriers. It aims to build one passenger ship per year and ink LNG-FPSO order every two to three years while entering the ...
2010-06-14 06:43:26
SSI inks heavy cargo carriers [Shipbuilding]
South Korean emerging shipbuilder Samjin Shipbuilding Industries Korea Co., Ltd.(SSI), located in Weihai, Shandong, China inked a contract on June 11th for two 23,000-cgrt heavy cargo carriers with Korea Express Co., Ltd. The vessels are due for d...
2010-06-11 12:12:49
MES engine output exceeds 70m hp [Equipment]
Japan's Mitsui Engineering & Shipbuilding (MES) announced on June 8th that its diesel engine accumulative production exceeded 70 million horsepower (hp) after it had rolled out its first engine in 1928. The Mitsui-MAN B&W7S80MC-C7, manufactured at...
2010-06-11 11:34:02
MHI inks two large ferries [Shipbuilding]
Japan's Mitsubishi Heavy Industries won a contract from compatriot Shin Nihonkai Ferry to build two large ferris. MHI's Nagasaki Shipyard & Machinery Works will build the ships for delivery in May and June 2012. The pair of ferries are the same...
2010-06-11 11:16:10
Korea approves 4th new ship fund [Finance]
The fourth private new ship fund was approved in South Korea this year. The Ministry of Land, Transport and Maritime Affairs (MLTM) said today that it has approved the private newbuilding fund 'Badaro the 16th Ship Investment Company'. In February...
2010-06-11 10:57:45
COSCO Shipping shares slight profit [Shipping]
Analysts thought the shipping market had entered hot season. The freight rate would climb up gradually. COSCO Shipping has showed signs of rebounding. Secretary Xue Jundong of COSCO Shipping expressed it’s no special feeling on it. He said now t...
2010-06-11 09:28:15
Zhenhua focuses on offshore business [Offshore]
Facing decline of traditional business, Chinese Zhenhua Heavy Industry is striving to develop offshore business for more profits. The profit ratio of group’s offshore business rose from 14.67% to 43.23% in 2009. At the end of August 2009m, Pr...
2010-06-11 09:27:44
Silence for hot season [Shipping]
By the end of May, the amount of global idled boxships has reached 263 ships of 549,000TEU, which hit the lowest point since 17 months ago. Lots of shipowners such as COSCO Container Lines and American President Lines have release all idled fleet...
2010-06-11 09:27:14
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