Rongsheng awarded in Seatrade Asia [General]
At the end of April 2010, the 3rd Seatrade Asia Award was convened in Shangri-La Hotel, Singapore. Over 500 elites from China, Korea, Japan, Singapore, America, Norway and Hong Kong were present in the ceremony. About 20 organizations and persons...
2010-05-10 01:27:38
IMO new standards to storm Chinese [Equipment]
In near future a series of IMO’s new standards such as EEDI and GBS are considered to storm Chinese shipbuilding industry. Recently a summit focusing on the upcoming challenge was organized by China Classification Society (CCS) and China Associ...
2010-05-10 01:27:08
Single huller steps up to quit [Equipment]
American Overseas Shipholding Group (OSG) recently expressed that single hull tankers were stepping up to quit due to IMO’s relevant deadline coming. In addition, the shipbreaking price rising also becomes the catalyst. About 21 single hullers h...
2010-05-10 01:26:19
NSC renego Hanjin orders [General]
Germany’s NSC Schiffahrtsgesellschaft is in talks with Korea’s Hanjin Heavy Industries & Construction about converting orders for super-postpanamax boxships to capesize bulkers. NSC founder Roberto Echevarria says a final agreement has still ...
2010-05-07 14:10:28
Daebo orders kamsarmaxes [Shipping]
Daebo Shipping of Korea has commissioned Hyundai Heavy Industries to build two kamsarmax bulkers. An official from the bulker player confirms Daebo will take delivery of the 82,000-dwt vessels in mid-2011. “One of the reasons that attracted...
2010-05-07 13:54:31
GDF Suez to order new LNGRUV [Offshore]
France's GDF Suez is reviewing submissions from shipyards for a new type of LNG regasification vessel, called LNGRUV by the French player. Industry sources say the unit is being referred to as an LNG regasification utility vessel, or LNGRUV. ...
2010-05-07 12:36:22
Low price triggers more deals [General]
HSBC Shipping Services issued weekly report showing the prices of secondhand Handymax and Panamax ships rising due to great demand in the market. Meanwhile the Baltic Exchange raised the guide level of second hand bulk carriers as well. The Cla...
2010-05-07 12:32:33
China sees orderbook shrink [Shipbuilding]
As is reported earlier, China’s Ministry of Industry and Information Technology showed the country’s shipbuilders' orderbook reached 184m dwt by the end of March, slumping by 2.2% against 2009. The newbuilding output surged by 128% while orde...
2010-05-07 11:55:15
New Century’s retreat: Why? [Finance]
As is reported earlier, China's New Century Shipbuilding cancelled IPO plan in Singapore and the company didn’t release any explanation at all. An insider revealed it collapsed because Singapore Exchange (SGX) received news that New Century’s ...
2010-05-07 10:44:19
Sevmash losses widen [Finance]
Russia’s Sevmash Shipyard has widened its losses for 2009 as it fights to avoid paying Odfjell compensation for cancelled tankers. The company revealed a net deficit of RUB 2.75bn ($90.96m) last year, 60% worse than 2008. Revenues fell to RU...
2010-05-07 08:22:54
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