Cargotec wins orders from DSME, HMD [Equipment]
Cargotec has received two MacGregor cargo access equipment orders worth EUR 15m ($20.3m). The equipment is destined for four deep-sea RoRo vessels and two pure car truck carriers (PCTCs) which will be built at Korean leading shipyards. The or...
2010-04-16 16:29:26
Daesun inks $26m bulker [Shipbuilding]
Korea's Daesun Shipbuilding & Engineering said on Friday in a regulatory filing that it has inked a KRW 29bn ($26m) contract with Charlie Maritime of the Marshall Islands to build a bulk carrier. The contract value equates to 9.6% of the shipbuild...
2010-04-16 14:29:49
China to win first LNG export ships [Offshore]
MOL looks set to give China its first LNG-carrier export orders with four vessels as part of two deals it has secured with ExxonMobil for business linked to its PNG LNG and Gorgon projects. Hudong-Zhonghua Shipbuilding and Nantong Cosco KHI Ship...
2010-04-16 13:45:37
Hyundai Steel-VINASHIN Ink MOU [Equipment]
Korea's Hyundai Steel, which delivered its first shipbuilding steel plates to compatriot shipbuilder Hyundai Heavy Industries on April 12th, also paved the way for export of the steel product for ships. The newcomer in shipbuilding steel plate sup...
2010-04-16 12:39:03
New Century to be listed in Singapore [General]
China’s New Century Shipping intends to be listed in Singapore, for collection of CNY1.5bn ($220m). It is thought to be first IPO plan of the largest Chinese enterprise in Singapore. An insider revealed that New Century Shipping whose base is...
2010-04-16 09:58:13
YML to turnaround in Q2 [Shipping]
He shusheng, General Manager of Yang Ming Line (YML) which mired in loss for couples of quarters, expressed that global economy had walked back to uptrend, especially in Asia to America route. He also estimated that YML may turn to profit in the seco...
2010-04-16 09:57:27
Doubts on Evergreen’s ambition [General]
On April 12th 2010, Taiwanese Evergreen group announced its fleet expansion plan of 100-unit newbuilding boxships, which have caught all people’s eyes and triggered discussion immediately. Global trade suffered severe blow during financial crisi...
2010-04-16 09:56:36
Yantai operating profits jump [Offshore]
Operating profits at Yantai Raffles Shipyard have jumped almost 60% after the company slashed its foreign exchange losses. The Chinese rig builder said profits from operating activities last year were SGD64m ($46.6m) against SGD40m in the previou...
2010-04-16 08:36:55
CSIC-PIL JV for finance [Finance]
State yard group China Shipbuilding Industry Corp (CSIC) is forming a ship financing joint venture with a Singapore boxship line. Pacific International Lines (PIL) will cooperate on alternative finance options for “distressed shipping assets”...
2010-04-16 08:35:54
Sovcomflot in IPO move [Finance]
Russian tanker owner Sovcomflot plans to launch an IPO in late 2010 or early 2011. Boss Sergey Frank told reporters the move was not being made due to any lack of funding. It needs to go public in order to gain a market valuation, he said. He...
2010-04-16 08:34:18
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