Otto gets RG legal advice [Finance]
Singapore offshore shipbuilder and owner Otto Marine has obtained an injunction order preventing Mosvold Supply from calling on refund guarantees on a cancelled anchor handling towage supply vessel. The guarantees had been issued by Bangkok Bank i...
2010-06-03 07:38:35
Shin Yang finances newbuilds by IPO [Finance]
Shin Yang Shipping, an offshoot of diversified Malaysian conglomerate Shin Yang Corp, plans to use part of the proceeds of a RM412m ($124.5m) initial public offering to finance the construction of seven newbuildings. The company, which has a total fl...
2010-06-03 07:33:43
Ningbo inks handymax trio [Shipbuilding]
Shanghai-listed bulk carrier operator Ningbo Marine has ordered three 47,500-dwt handymax vessels from China Shipping Industry (Jiangsu), a shipbuilding offshoot of China Shipping Group, for Yuan548m ($80.5m). The first two bulk carriers are schedule...
2010-06-03 07:25:31
Japan starts Q3 plate export deals [Equipment]
Negotiations are marking time without any disturbance so far on Japanese integrated steelmakers' export deals of ship plates with South Korean shipbuilding companies for shipments in the July to September 2010 quarter. The negotiations are on tra...
2010-06-03 07:18:06
PM dedicates Pipavav to the nation [General]
Indian Prime Minister Dr. Manmohan Singh on Tuesday dedicated Pipavav Shipyard to the nation. In his inaugural address on this occasion, Dr. Singh said: "I understand that the Pipavav Shipyard, which has been set up on the Saurashtra coast of Guj...
2010-06-03 07:15:36
Mitsubishi eyes cruiseship [Equipment]
Japan’s Mitsubishi Heavy Industries is trying again to re-enter the cruiseship building sector after six years out. The yard group is reportedly deploying 700 engineers in Nagasaki to develop low-emission vessels. The company is targeting J...
2010-06-03 07:10:41
STX orders heavy lift vessel [Offshore]
STX Pan Ocean has ordered a semi-submersible heavylift carrier barely months after saying it was moving into the sector. The South Korean shipowner said the costs of the newbuilding vessel would be in the low to mid $40m level. It did not dis...
2010-06-03 07:05:41
Green Technology: A Must [General]
Shipbuilders are making every effort to secure eco-friendly technology in a bid to meet IMO's strengthened regulations. Low-carbon, high-efficiency newbuilding is now a must to survive for shipbuilders. Samsung Heavy Industries has set up state...
2010-06-03 06:57:41
China debuts inland shipping report [Shipping]
The Ministry of Transport of People's Republic of China issued report of Yangtze River shipping 2009. This is the first official White Paper about Yangtze River shipping in China. The report analyzed on the growth of Yangtze River shipping of ...
2010-06-01 15:05:06
SLS makes a new start [General]
South Korea's SLS Shipbuilding held a ceremony on June 1st to make a brand new start. Under the catch phrase of 'NEW COMPANY NEW START', the shipbuilder aims to be reborn as a first tier shipyard. The company has just begun workout procedures w...
2010-06-01 14:36:34
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