Alafouzos confirms Samsung orders [Shipping]
Greek shipping mogul Aristides Alafouzos has confirmed his return to the newbuilding market after a gap of around seven years. Alafouzos-controlled Argonaftis Investment, part of the Kathimerini publishing group, has paid $108.9m for twin tankers...
2010-04-27 08:37:25
Russia plans more new yards [Shipbuilding]
Russia's Primorsky territory is planning two more shipyards in addition to new joint ventures with Daewoo Shipbuilding & Marine Engineering of Korea and Yantai Raffles of China. All the yards are being established under the control of the Far Eas...
2010-04-27 08:34:36
Ven-Trafiken cancels ferry order [General]
Sweden's Ven-Trafiken has cancelled a ferry newbuilding contract at Astilleros M Cies in Vigo, Spain. Local media said the owner now has to look elsewhere for a new vessel to serve between Landskrona and the island of Ven by 2012. M Cies sought b...
2010-04-27 08:31:43
VLCC prices keep rising [Shipping]
Rising interest among tanker buyers, particularly listed companies, continues to boost asset values in the sector. Clarksons now has a $110m price tag on a VLCC resale, an increase of $5m in a single week, according to its latest report. The ...
2010-04-27 08:28:39
Paragon orders 8 bulkers in China [Shipping]
Paragon Shipping will splash $111.5m on the construction of four bulker newbuildings, the company revealed Monday. The NYSE-listed shipowner said it has placed orders for two 37,200-dwt handysize and two 82,000-dwt dry bulk vessels at a Chinese s...
2010-04-27 08:27:01
Rickmers Maritime cuts newbuilds [Finance]
Rickmers Maritime Trust has cut itself away from seven newbuildings it was due to acquire from its parent Rickmers Group. The Singapore-listed company has signed a terms sheet with Rickmers Group subsidiary Polaris Shipmanagement that discharges ...
2010-04-27 08:24:24
CSBC delivers trio at once: Boss urges loans [Shipbuilding]
Taiwanese largest shipbuilder CSBC Corp delivered three containership newbuildings Monday in the presence of the country's president Ma Ying-jeou. Customer was German shipping company Peter Dohle Schiffahrts KG. The President hailed the delivery ...
2010-04-27 08:22:21
Sembcorp objects to PPL sale to Yangzijiang [General]
Should China's Yangzijiang Shipbuilding succeed in buying a 15 percent stake in Singapore's PPL Shipyard, its relationship with Sembcorp Marine (which owns the other 85 percent of the offshore drilling rig yard) could be less than cosy. According to ...
2010-04-27 08:20:12
Marine fair opens in Shanghai [Equipment]
China Trade Office of Busan city, Korea (CTOB) announced that it will hold a briefing session in Shanghai with 16 shipbuilding equipments manufacturers of Busan, four shipbuilding giants of Shanghai and 50 local buyers. The briefing, sponsored by ...
2010-04-27 07:13:22
Ships yield No.1 export title to autos [Shipbuilding]
Automobiles took the No.1 export item of Busan, Korea title from ships. According to the trade trend of Busan in the first quarter report by Korea International Trade Association (KITA) Busan branch as of Apr. 23rd, automobiles exportation recorde...
2010-04-27 07:11:58
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