'Zvezda-DSME' Formal Signing [Shipbuilding]
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering president Nam Sang-tae and Russian 100% state-owned United Shipbuilding Corporation president Roman Trotsenko signed an agreement at the White House in Moscow on June 3rd to build a jo...
2010-06-04 06:33:56
Korean takes Evergreen 8,000TEU's [Shipbuilding]
Evergreen Group, which announced ‘100 boxships’ newbuilding plan in April, triggered first orders in June. On June 1st President Zhang Rongfa of Evergreen decided to order 10-unit 8000TEU boxships from Korean shipbuilders. Meanwhile, he al...
2010-06-03 10:01:02
CSBC to cooperate with Mainland China [General]
Recently global shipping giants such as Evergreen and CPC showed their expansion ambitions. With serial expansion plans revealed, a severe battle has been triggered among global shipbuilding tycoons, such as CSBC, STX and NACKS. General Tan Tai...
2010-06-03 10:00:14
Chinese LNG ship orders surge [Offshore]
Chinese shipbuilder started to occupy LNG carrier market. As reported earlier, Iranian NITC has ordered six LNG carriers from an unrevealed Chinese yard recently, valued at $2.2bn. Considering another four LNG carriers from Mitsui O.S.K. Lines ...
2010-06-03 09:59:45
Krasnoye wins tankers [Shipbuilding]
Russia’s Krasnoye Sormovo has added another two tankers to its orderbook. The company, part of the MNP group, said it had signed a contract with the unknown Sommet Finance for two ships of 7,000 dwt. Financial details of the deal were not g...
2010-06-03 08:21:02
Rongsheng orders to hit pre-crisis level [Shipbuilding]
Rongsheng Heavy Industries says its newbuilding orders for 2010 could return to pre-crash levels. Its optimism comes amid expectations the worst of the economic storm which has battered the shipping industry has now passed. David Luan, vice p...
2010-06-03 08:19:32
Drydocks refinancing debt [Finance]
Drydocks World is looking to refinance a debt of $1.7bn amidst a management reshuffle. The Dubai-owned shipbuilder and shiprepairer is in talks with lenders to refinance the loan which is due to mature by the end of next year. Although Drydocks i...
2010-06-03 08:17:11
Hamworthy performance weakens [Equipment]
UK ship systems company Hamworthy has posted a profit drop as shipbuilding markets weakened in 2009. The LNG vessel specialist said net earnings in the 12 months to 31 March were £15.09m ($22.15m) from £16.54m in the previous year. Rev...
2010-06-03 08:15:17
Gdynia up for sale [General]
The parts of Polish shipyard Gdynia that have not already been grabbed are now up for sale for the third time. Potential buyers can inspect the lots up to 6 September, government advertisements revealed. The biggest tender is the yard’s lar...
2010-06-03 08:13:04
Cosco wins FPSO conversion [Offshore]
Yard group Cosco Corp (Singapore) has won two new FPSO conversion deals worth more than $100m. Its Cosco Dalian Shipyard in China will work on the VLCCs Radiant Jewel (302,000 dwt, built 1992) and the 323,000-dwt BW Nisa (built 1983) for a Japane...
2010-06-03 07:40:36
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