Price down, market up? [Shipbuilding]
Global trade suffered severe blow since financial crisis broke out. The shipping market mired in recession, as well as shipbuilding industry. The newbuilding price keeps slumping. According to Bloomberg statistics, the price of large dry/bulk carg...
2010-05-28 10:40:44
Indian Jones Act [General]
India's shipyards are lobbying for oil and gas companies to only charter only offshore support ships made and flagged in India. The issue was discussed at a board meeting of the Indian National Shipowners’ Association (Insa), local media reporte...
2010-05-28 07:51:29
Kookmin wins RG appeal [Finance]
Metrostar group will not be able to recover a $46.6m refund guarantee over six handysize bulk carriers that were never delivered following the bankruptcy of Korea’s Jinse Shipbuilding. Metrostar won a London high court ruling in October that Ko...
2010-05-28 07:49:43
SCF orders newbuild at STX [Equipment]
Russia's Sovcomflot has ordered an oil spill response newbuilding from STX Europe. STX Finland Oy will design and build the vessel for the Russian owner as part of a project which also includes Aker Arctic Technologies and Southeast Trading Oy. R...
2010-05-28 07:46:02
Hanjin gets $70m Danaos windfall [Equipment]
Korea’s Hanjin Heavy Industries & Construction has received a windfall estimated at around $70m following the cancellation of three 6,500-teu boxships ordered by Greek owner Danaos Shipping. Commenting on the cancelled deal one Seoul-based analy...
2010-05-28 07:44:20
Imabari upbeat over output [Shipbuilding]
Speaking on the sidelines of an industry conference in Japan, Imabari Shipbuilding president Yukito Higaki said that while the total number of vessels completed would decline this financial year to 96 from 101, gross tonnage output would grow. “...
2010-05-28 07:42:01
Navios snaps up Sungdong cape [Shipping]
Greece's Angeliki Frangou-led Navios Maritime Holdings has acquired another capesize newbuilding in what appears to be the latest in a string of distressed deals for large bulkers. The deal, which dates from last month, will see Navios paying $54m...
2010-05-28 07:38:43
Keppel delivers five on schedule [Offshore]
Keppel Singmarine, the specialised shipbuilding arm of Keppel Offshore & Marine Limited (Keppel O&M), has recently delivered five newbuildings as scheduled. These five vessels, including a Multi-Purpose Supply and Support Vessel (MPSSV), an Ancho...
2010-05-28 07:36:09
Samjin accelerates delivery [General]
South Korean emerging shipbuilder Samjin Shipbuilding Industries (SSI), located in Weihai, Shandong, China, held a naming ceremony on May 25th for a pair of 33,500-dwt bulkers. The ships christened CMB Weihai and CL Antwerp are the first two of 10...
2010-05-28 07:12:12
Sasebo cancels 8 [Shipbuilding]
Japan's Sasebo Heavy Industries revealed on May 26th that it has cancelled 8-ship orders for six 75,000-dwt bulkers and two 180,000-dwt bulkers under agreement with shipowners. Sasebo said advance payment of JPY 2.042bn ($22.64m) turned cancellati...
2010-05-28 06:59:48
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