Kawasaki profit warning [Shipbuilding]
Japan's Kawasaki Heavy Industries braced investors for a full-year loss due to a downturn in the US economy and hefty restructuring costs. The Japanese outfit will sink JPY 10.30bn ($115.86m) into the red for the fiscal year ending 31 March 2010,...
2010-04-22 08:35:28
Bender assets onto auction block [General]
Assets from Bender Shipbuilding's bankrupt Alabama shipyard will be auctioned off during a sale held at the company's former Mobile facility. A hopper barge, cranes and equipment will be sold by an Ohio-based auction house next month, according t...
2010-04-22 08:34:03
Lindenau grabs tanker order [Shipbuilding]
The Lindenau shipyard in Kiel, Germany, has received an order for a 540-dwt bunker tanker from transport and shipping company Reimers in Cuxhaven. Although small, the order has thrown a lifeline to the yard, which entered into insolvency proceedi...
2010-04-22 08:32:29
GWS meets Q1 delivery target [General]
Guangzhou Wenchong Shipyard (GWS), an 80%-owned affiliate of state-owned China State Shipbuilding Corp, has achieved its production target for the first quarter 2010 to hand over Yuan900m ($132m) worth of new tonnage. The shipyard successfully de...
2010-04-22 08:31:06
Namura unveils 12 handy orders [Shipbuilding]
Japan's Namura Shipbuilding affiliate Hakodate Dock has revealed details of recent orders at the company for 12 handysize bulkers. Namura managing director Mikinori Ikeda said seven of the 32,000-dwt vessels were new orders for an undisclosed Japa...
2010-04-22 08:29:09
Jurong achieves early delivery of rig [Offshore]
Sembcorp Marine subsidiary Jurong Shipyard has successfully delivered the West Orion, the third of four turnkey 6th generation semi-submersible drilling units built for Seadrill Limited on budget and 10 days ahead of original delivery schedule, with ...
2010-04-22 08:27:54
WIS bags rig repair order [Offshore]
Western India Shipyard (WIS) announced that it has received a major repair order for their ninth jack-up deep-water oil rig JUR Noble Charlie Yester with rated depth of 300 meters. The repairs will cover various onboard machinery and equipment, s...
2010-04-22 08:25:54
Mitsubishi Completes F-LNG Designs [Offshore]
Japan's Mitsubishi Heavy Industries (MHI) has completed development related to floating production, storage and offloading units for liquefied natural gas (LNG-FPSO), and has obtained two kinds of approval in principle (AIP) from major international ...
2010-04-22 08:24:11
Ship financing graduate school opens [Finance]
Graduate school of ship financing will be established at Korea Maritime University (KMU) in Mar. 2011. Busan city, KMU, Busan Chamber of Commerce & Industry (BCCI), and Busan Bank signed an agreement on Apr. 21st to establish a graduate school of...
2010-04-22 07:23:27
KLC took 'Rosemary' [Shipping]
Korea Line Corporation (KLC) announced on Apr, 20th that it took delivery of a 180,000DWT bulker ‘Rosemary' from compatriot yard Daewoo Shipbuilding & Marine Engineering (DSME). Lee Jin-bang chairman of KLC, Jang Do-soo president of Korea South...
2010-04-22 07:21:10
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