Fincantieri signs research ship order [Shipbuilding]
US shipbuilder Marinette Marine has clinched a deal to build a research vessel for the government. The yard, owned by Italy’s Fincantieri, beat Halter Marine to the punch, after the rival yard built the first four ships of the type for the Nati...
2010-04-23 08:40:28
GSI profit grows as steel cost falls [Finance]
China’s Guangzhou Shipyard International (GSI) has pushed up profit as steel prices moved in its favour. The Hong Kong-listed shipbuilder said net earnings for the first quarter of 2010 rose to CNY 159.46m ($23.35m) from CNY 131.24m in 2008. ...
2010-04-23 08:37:46
MOL boxship unit to return to profit [Shipping]
Mitsui OSK Lines’ president Akimitsu Ashida has detailed plans to return the company’s containership division to profit within the next year. The division is expected to post a loss of ¥57bn ($611m) in the financial year ending March 2010...
2010-04-23 08:35:47
Pacific eyes boxship buy [Shipping]
Pacific Shipping Trust, the Singapore-listed ship investment vehicle linked to Pacific International Lines, is seeking to expand its containership fleet as the recovery in the boxship sector continues. The trust said it was “actively on the look-ou...
2010-04-23 08:33:51
Keppel Q1 profit up 13% [Finance]
A strong showing from its offshore and marine division helped Singapore’s Keppel Corp post a 13% rise in net profit to S$322m ($234.5m) for the first quarter, up from S$285.3m a year earlier. This was despite a 16.9% fall in group revenue to al...
2010-04-23 08:31:37
Search ongoing for rig blaze crew [General]
Efforts continued yesterday to search for 11 missing oil workers from the semi-submersible drilling rig Deepwater Horizon off Louisiana in the Gulf of Mexico, and to extinguish the massive fire that has raged since Tuesday night. The Deepwater Horizo...
2010-04-23 08:30:07
ABG pens four cement carriers [Shipbuilding]
India’s largest private sector shipbuilder ABG Shipyard has won a $114m order to construct four cement carriers for the Singapore-based Associated Bulk Carriers Ltd (ABCL), which is 50% owned by the Bangkok-based dry bulk cargo specialist Precious ...
2010-04-23 08:26:46
Nigeria considers incentives for yards [General]
A major move in Nigeria towards reducing expenditure in foreign exchange for the repair of ships, which is exclusively being done at shipyards overseas, is currently in the works. The Nigerian Maritime Administration and Safety Agency (NIMASA) has en...
2010-04-23 08:21:14
Cargotec wins box lashing orders [Equipment]
Cargotec has received orders worth around EUR 11 million to supply loose container lashings for 17 containerships being built at Samsung Heavy Industries in Korea. Delivery of lashing systems is scheduled to start at the end of 2010. The orders we...
2010-04-23 08:17:55
Hyundai Mipo inks kamsarmax duo [Shipbuilding]
Plutofylax Shipping Corp of Greece confirms it has signed up for two 82,000-dwt kamsarmax bulkers at Hyundai Mipo Dockyard in South Korea for delivery in 2012. However, it declines to comment on speculation that the tally could eventually rise to ...
2010-04-23 07:38:10
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