Idle boxships below 400 [Shipping]
Idle containership numbers have dropped below 400 as laid-up capacity continues to decline. Presently 381 boxships are idle, down from 401 a fortnight ago, Alphaliner says. This represents 907,000-teu, or 6.8% of the total fleet capacity, aga...
2010-04-28 08:35:34
Kawasaki takes a hit [Finance]
Huge losses in the US condemned Kawasaki Heavy Industries to a slightly worse than expected full-year deficit. It sank JPY 10.86bn ($115.92m) into the red for fiscal 2010, overturning a profit of JPY 11.73bn a year ago. The reversal came desp...
2010-04-28 08:33:55
Brazilian inks five 30K PCs [Shipbuilding]
Petrobras' tanker unit Transpetro said on Tuesday that it has placed an order for five 30,000-dwt product carriers at Brazilian shipyard Rio Nave. Transpetro says the tender is worth nearly $268.5m. Estaleiro Ilha SA (Eisa) and Maua Shipyard had ...
2010-04-28 08:31:25
Hegemann offloads Rolandwerft [General]
Struggling German shipbuilding group Hegemann has sold its yard Rolandwerft to yacht builder Lürssen in a move that should secure its future. The sale will become effective on June 1st. The partners did not disclose the purchase price for th...
2010-04-28 08:28:51
L&T builds India's largest yard [Shipbuilding]
Indian conglomerate, Larsen and Toubro Ltd (L&T), has the funding and government clearance to proceed with the first phase of a shipyard-cum-port complex at Kattupalli near Ennore, Tamil Nadu, costing Rs3,375 crore (USD 759m). The yard will be India'...
2010-04-28 08:26:24
Bharati tackles PSV cancellation [General]
India's Bharati Shipyard has taken a German customer to court for cancelling a shipbuilding contract signed in 2007. “Opielok Bereederungs GmbH and Co. KG, Hamburg, Germany has cancelled the order for one platform supply vessel (PSV) due to the ...
2010-04-28 08:24:39
DSME-ZVEZDA construction in Q3 [Offshore]
An active phase of the DSME-ZVEZDA shipyard project construction is scheduled to begin in the third quarter of this year in Bolshoy Kamen of Primorsky Region, the regional Administration press service reported. The statement was made at a meeting...
2010-04-28 08:21:23
Vinashin marks FSO milestone [Offshore]
The Vietnam Shipbuilding Industry Corporation (Vinashin) delivered a floating storage and offloading unit, called 'FSO-5', on Monday to the Petroleum Technical Services Corporation (PTSC). Vinashin's Nam Trieu Shipbuilding Industry Corporation (N...
2010-04-28 07:46:53
Half to go awry: Bulker orders [Shipping]
One in two dry-cargo newbuildings set for delivery this year will be delayed or cancelled, JP Morgan says. This slippage in the orderbook coupled with higher than expected demand will prevent overcapacity from denting rates until 2011, according ...
2010-04-28 07:33:47
CEOs meet with foreign leaders [General]
CEOs of shipbuilding companies of Korea including Kang Duk-soo, chairman of STX Group and Roh In-sik, president of Samsung Heavy Industries (SHI), are to have confabulation with Wang Min, secretary of the Laioning Provincial Committee of China, and J...
2010-04-28 07:13:32
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