Hyundai orders surpass $4bn [Shipbuilding]
Korea's Hyundai Heavy Industries booked new ship orders worth $1.3bn in April alone, bringing up its new order intakes in the shipbuilding and offshore plant sector to more than $4bn so far this year. HHI received 23-ship orders worth $1.3bn in Ap...
2010-05-03 12:28:45
Cosco bulker delivery delayed [Shipbuilding]
Cosco Corp (Singapore) has been hit by further delays to its newbuilding orderbook. An Asian owner has pushed back the delivery of a panamax bulker at its Dalian yard by six months, a statement to investors says. Cosco Corp will now roll out ...
2010-05-03 08:36:42
"Nuclear-driven boxships coming" [Equipment]
Nuclear-powered deepsea containerships that would only need re-fuelling every five years or so could eventually replace today’s conventional oil-dependent vessels. “The day will come,” Germanischer Lloyd’s executive board member Hermann K...
2010-05-03 08:34:38
Bulker orders: 15% to be cancelled [Shipping]
Around 15% of the dry bulk orderbook will be “completely cancelled” as Chinese greenfield yards face closure due to lack of financing, according to US investment bank Cantor Fitzgerald. Restricted access to credit for less-established shipown...
2010-05-03 08:29:36
ClassNK surges past 170m gt [Shipping]
The world’s largest ship classification society, ClassNK, has seen its register surge past 170 million gross tons (gt). The achievement makes ClassNK the first class society in the world to have more than 170 million gt under class. ClassNK’s...
2010-05-03 08:27:35
"K" Line flexes LNG muscle [Offshore]
Japanese shipping line Kawasaki Kisen Kaisha Ltd. (K-Line), on behalf of Flex LNG Ltd., plans to launch the world's first floating LNG (FLNG) production platform in 2014 for Thailand’s state-owned PTT Exploration & Production PCL (PTTEP). K-Line...
2010-05-03 08:25:23
Petrobras inks 8 FPSO hulls [Offshore]
Petrobras has signed a letter of intent with Brazilian Engevix Engenharia for the construction of eight floating storage, production and offloading hulls. The LOI authorizes the start-up of the procurement services for the eight FPSO hulls, Petro...
2010-05-03 07:38:31
Shiprepairer to build MPPs [Shipbuilding]
Chittagong Dry Dock Ltd (CDDL), Bangladesh's lone state-run shipyard that repairs national and foreign flag vessels, for the first time plans to build multipurpose container vessels. An ECNEC meeting held recently approved building four vessels e...
2010-05-03 07:34:54
PPL stake acquisition war [Finance]
Sembcorp Marine's offer to buy the remaining shares of a shipyard that it does not already own has been rebuffed. On Thursday, it offered some S$59.4 million for the 15 per cent stake in PPL Shipyard that it does not own. It made the offer to PPL...
2010-05-03 07:29:30
NSC reshuffles boxship orders [Shipping]
Agreements have been made that will see a Hamburg-based owner cut back its intake of boxship newbuildings. Roberto Echevarria appears to have steadied his NSC newbuilding juggernaut, although it appears that a series of 12,800-teu boxships ordere...
2010-05-03 07:26:59
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