CIMPS in the Heat of Show [General]
The China International Marine, Port & Shipbuilding (CIMPS) Fair is now being held in Nanjing, Jiangsu, China, started May 19th ongoing until 21st. CIMPS is strongly supported by both central China Government and local Governments at Provincial a...
2010-05-20 16:18:40
JFE seeks thick plate price hike: $900/t [Equipment]
Japan's JFE Steel Corp said it is seeking 10-20 percent rises in export prices for the July-September period to take advantage of decent demand for higher-end steel in Asia and to guard against rising material prices. The world's sixth-biggest ste...
2010-05-20 15:39:36
STX chairman visits Ghana [General]
Korea's STX Business Group chairman Gang Duk-soo (pictured left) recently visited Ghana and had meetings with the country's top government officials including President John Atta Mills. Mr Gang discussed business cooperation plans between STX an...
2010-05-20 14:38:42
HMD orders reach $1.25bn [Shipbuilding]
Hyundai Mipo Dockyard has inked $1.25bn worth of new ship orders so far this year. The Korean shipbuilder said on Thursday it has won orders for a total of 40 ships since the turn of this year including 29 bulkers and six product/chemical carriers...
2010-05-20 10:24:27
STX inks MPP pair [Offshore]
Korea's STX Offshore & Shipbuilding has reportedly inked a newbuilding contract with Italy's BALSARIN group to build two multipurpose vessels. Contract value is said to be amounting to $170m in total. The ships will be delivered by 2012. Sou...
2010-05-20 09:05:19
Mosvold cancels Otto AHTS [Offshore]
Mosvold Supply has cancelled the first of four anchor handlers on order in Indonesia. The widely anticipated move was confirmed Wednesday in a statement from Singapore shipbuilder Otto Marine. It said it had received a “notice of cancellation...
2010-05-20 08:26:49
STX sets up JV with Seatrade [Shipping]
STX Pan Ocean is looking for a larger share of the Middle Eastern market as it ties up a joint venture with the Seatrade Group. Singapore-listed STX is looking to secure additional cargoes, particularly coal, through the 50/50 enterprise with UAE...
2010-05-20 08:25:23
Dof offloads AHTS newbuilding [Offshore]
Norwegian offshore owner Dof has cashed in one of its anchor handler newbuildings on order at STX Europe. It has sold the 12,000-bhp Skandi Emerald to Vietsovpetro Joint Venture for $65m, a statement says. Analysts say the price is considered...
2010-05-20 08:23:28
KfW funds ferry newbuildings [Finance]
Germany’s KfW IPEX-Bank is financing two ferry newbuildings for Scandlines. The bank is providing 75% of the cost of the 1,500-passenger ro-ros at Volkswerft Stralsund. The order value has not been revealed but it is part of a $311m investment ...
2010-05-20 08:21:55
HMD bulker switch continues [Shipbuilding]
Korea’s Hyundai Mipo Dockyard said European owners have converted more chemical carrier contracts into bulker newbuildings. The shipyard said the unnamed players will now take delivery of eight dry bulk carriers instead of 16 product carriers b...
2010-05-20 08:20:09
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