Pipavav seeks to cling on to orders [Offshore]
India’s Pipavav Shipyard is locked in talks with two prominent customers to hold on to orders following construction delays. There has been speculation that Norway’s Golden Ocean Group and Greek owner Avgi Maritime would ditch the contracts. ...
2010-04-20 08:15:59
Croatia extends yards sale deadline [General]
Croatia has extended its tender to sell off six shipyards by one month. The bidding in the privatisation of the yards was set to end on 19 April, after a failed attempt last year to drum up interest. Only Uljanik Shipyard is profitable, while...
2010-04-20 08:14:32
Safe orders two kamsarmaxes [Shipping]
Safe Bulkers has penned two kamsarmax newbuildings in China less than a month after raising nearly $80m from shareholders. Polys Hajioannou-headed Safe will pay $32.2m each for the 82,000-dwt ships. Loukas Barmparis, president of Safe Bulkers, sa...
2010-04-20 08:12:35
Frontline buys VLCC trio [Shipping]
Norwegian tanker owner John Fredriksen is said to have splashed out $320m on a trio of VLCCs. Frontline has paid between $105m and $106m each for the 321,000-dwt pair Andromeda Glory and Callisto Glory (both built 2009), sources say. Another $110...
2010-04-20 08:09:31
Yangzijiang buys into PPL Shipyard [Finance]
China's Yangzijiang Shipbuilding and a Middle Eastern investor will buy an indirect stake in Singapore-based oil-rig maker PPL Shipyard in a S$155 million ($113 million) deal. Yangzijiang has offered to buy Baker Technology's fully-owned vehicle P...
2010-04-20 08:07:13
Japanese orders at 17-year low [Shipbuilding]
Japanese export ship orders sank at their fastest pace in 17 years in fiscal 2009, which ended on March 31, due to ship owners' flagging demand for new vessels, according to figures released by the Japan Ship Exporters' Association. Japan, one of the...
2010-04-20 08:05:41
New orders push prices up [General]
As newbuilding orders and newbuilding prices increase in earnest, views on shipbuilding stocks remained positive. Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI) of Korea were re...
2010-04-20 07:20:34
TKS out of liquidity swamp [Finance]
TKS Shipyard of Korea, which has been suffering from non-payment to equipments suppliers including subcontractors, has become to ease liquidity crunch after it made payments to subcontractors. Day laborers of subcontractors, who have not got paid...
2010-04-20 07:17:17
'DUTCH MARINE 2010' Open [Equipment]
Busan city of Korea will hold a shipbuilding equipments export fair, 'DUTCH MARINE 2010' inviting Dutch buyers in cooperation with Korea Trade-Investment Promotion Agency (KOTRA) and Korea Maritime Equipment Association (KOMEA) from Apr, 20th to Apr,...
2010-04-20 07:15:27
Europe Counterattack: Fuel Cell Ships [Equipment]
European shipbuilders challenged the three shipbuilding power nations in the Far East by propelling the development of fuel cell powered ships. Kim Man-eung, head of Korean Register of Shipping's Energy Environment Project Team, said at a recent...
2010-04-20 07:12:41
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