SLS newbuild cancelled [General]
Excessive delivery delays have killed off another newbuilding order at Korea’s SLS Shipbuilding. Gulf Navigation has axed a 44,000-dwt vessel at the yard and is seeking a refund on the contract. In a statement to investors Gulf Nav says it ...
2010-05-11 07:18:27
HMD inks supra duo [Shipbuilding]
Finland’s ESL Shipping has ordered two 56,150-dwt supramax bulkers at Hyundai Mipo Dockyard in Korea. They will be delivered during the first half of 2012 for EUR 60m ($78.1m). The vessels are much bigger than its largest ships at present, ...
2010-05-11 07:13:55
Delivery delays up confidence [Shipping]
Delivery delays make confidence for dry bulk market. Us-listed bulk carrier owners Excel Maritime Carriers and Paragon have made positive forecasts for the dry bulk market going forward, expecting strong rates achieved during the first quarter to...
2010-05-11 07:10:50
RINA expands cruise biz in Asia [Equipment]
While Korea's Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX are nowadays eyeing entry into cruiseship newbuilding business or are already engaged in the sector, which European shipbuilders have so far been completely domi...
2010-05-11 06:48:15
Hanjin inks eight 205K VLOCs [Shipbuilding]
Korea's Hanjin Heavy Industries & Construction's overseas unit HHIC-Phil disclosed today that it has signed a newbuilding contract with a European shipowner to build eight 205,000-dwt bulk carriers worth around $500m in total. HHIC-Phil has now se...
2010-05-10 12:02:01
HHI builds solar power plant abroad [Equipment]
Korea's Hyundai Heavy Industries is considering building a power conversion system (PCS) factory in Hungary, which is a core equipment for solar power generation. It is now looking for a factory site near Budapest while an accurate investment amou...
2010-05-10 11:55:56
CSIC Pavilion at Expo Park [General]
Visitors pose for photos with a ship model in China Shipbuilding Industry Corporation Pavilion at the World Expo Park in Shanghai, east China, on May 1, 2010. Shanghai World Expo park formally opened to public on Saturday.
2010-05-10 08:16:16
Spar Shipping catches resales [Shipping]
Spar Shipping of Bergen has secured another two resale contracts for supramax bulkers at Yangzhou Dayang Shipbuilding in China. The 58,000-dwt ships are slated for delivery in the second half of 2011 and have, according to Norwegian daily Dagens ...
2010-05-10 07:29:27
SwissMarine into shipowning [Shipping]
SwissMarine Services of Switzerland is taking the plunge into shipowning. The Geneva-based company, which until now has made a name as a freight trader in the dry-bulk sector, has emerged as being involved in a kamsarmax-bulker order in South Kor...
2010-05-10 07:27:01
Seaspan acquires MSC newbuild [Shipping]
A US player has added a bargain to its fleet thanks to a late delivery. New York-listed Seaspan Corp is set to acquire another panamax-containership newbuilding after Mediterranean Shipping Co (MSC) cancelled an order at a Chinese yard. The opport...
2010-05-10 07:24:43
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