Handymax prices jump [Shipping]
Values have again risen so strongly for bulk carriers that some categories have seen prices for each successive sale leap by as much as 10%-20%, with further gains expected over the coming weeks. HSBC Shipping Services highlighted the sale of Eag...
2010-05-07 08:20:47
Single-hullers decreasing [General]
Strong demolition prices and upcoming regulatory phase-out sees global fleet dwindle. A third of the single-hulled very large crude carriers that were in the global fleet at the start of this year have been removed to be scrapped or for conversion...
2010-05-07 08:19:21
Guangzhou Hantong wins tanker trio [Shipbuilding]
Guangzhou Hangtong Shipbuilding & Shipping, an offshoot of state-owned infrastructure contractor CCCC Fourth Harbor Engineering, has bagged an order to build three 5,600-dwt oil tankers for a Singaporean shipowner for an undisclosed amount. The t...
2010-05-07 08:15:56
Jurong completes Ghana FPSO [Offshore]
Singapore’s Jurong Shipyard has converted FPSO Kwame Nkrumah MV21, the first floating production storage and offloading vessel destined for Ghana, after the unit was named by Ernestina Naadu Mills, wife of Ghana’s President John Atta Mills. T...
2010-05-07 08:14:16
Paragon takes optional orders [Shipping]
Greece's Paragon Shipping has lifted its newbuilding commitments to eight bulkers after taking up four options at Zhejiang Ouhua Shipbuilding in China. The move doubles its initial order for two kamsarmaxes and two handysizes, placed last month ...
2010-05-07 08:10:51
China steelmakers seek Russian ore [Equipment]
It is reported that China steel mills are looking for Russian iron ore mines, in a further bid to diversify from their dependence on the global Big Three miners. There are three or four China steelmakers concerned in the buying of a mine under Al...
2010-05-07 08:08:33
Boxship orders coming [Shipbuilding]
A rapidly depleting orderbook and an improved trade outlook could lead to the return of major new orders for containerships by the first quarter of 2011, based on Alphaliner’s analysis of historical ordering activity. The containership orderboo...
2010-05-07 07:34:42
Vyborg Q1 profit tumbles [Finance]
Net income of Vyborg Shipyard (VSZ OJSC, Leningrad region), according to Russian Accounting Standards (RAS) in the 1st quarter of 2010 shrank 4.2 times as much compared to the same period last year, to 62.276 million rubles ($2.05m), the Company’s ...
2010-05-07 07:31:16
Bohai inks two VLCCs [Shipbuilding]
Chinese oil major PetroChina is splashing out around $400m on building up its tanker fleet. Market players say the Beijing-based producer and distributor has booked two 320,000-dwt tankers at Bohai Shipbuilding & Heavy Industries. The deal includ...
2010-05-07 07:28:24
Samsung-Posco develop new WT [Equipment]
Korea's Samsung Heavy Industries and Posco joined forces to develop new concept of wind turbine (WT) tower. The world's No. 4 steelmaker Posco said on Thursday that it signed a framework contract with the major shipbuilder on April 28th to jointly...
2010-05-07 07:07:37
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