Chemical tanker orders face cut [Shipping]
One in ten chemical tanker newbuildings will be deleted from the present orderbook, Pareto Securities says. It also predicts a 166% rise in scrapping in the sector this year, with 2010’s running total already matching the final tally from the p...
2010-04-16 08:32:59
Bulker S&P at post-crash high [General]
Dry-cargo ship sales reached a post credit crunch high in March amid further hope of a recovery in the global economy, a Greek shipbroker says. Over $4bn was spent on sale-and-purchase deals during March, with $3.59bn invested in dry-cargo vessel...
2010-04-16 08:31:43
Italy urged to help ailing yards [Shipbuilding]
Italy’s shipbuilding unions called on premier Silvio Berlusconi to get directly involved in government efforts to address the demand drought afflicting the industry. In a joint statement issued after the latest meeting between economic developm...
2010-04-16 08:30:14
CSBC seeks orders from Evergreen [Shipbuilding]
Taiwan's top shipbuilding firm, CSBC Corp, is seeking an order to build 12 new ships for Evergreen Marine, suggesting that major freighters in Asia are benefiting from a sustained pickup in demand globally. CSBC General Manager Tang Tay-ping told Reu...
2010-04-16 08:26:58
China Keeps Expanding [Shipbuilding]
China's shipbuilding industry still kept steady growth in 2009 even with the recessed markets of international shipping and shipbuilding. The Chinese accomplished shipbuilding output reached 42.43 million DWT in 2009, up 47% yr-on-yr and accounting f...
2010-04-16 08:25:06
Dry bulk market gaining ground [Shipping]
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified during Wednesday as well, with the relative Baltic Capesize Index (BCI) gaining ground for a second se...
2010-04-16 08:23:05
HMD intensifies QC [Equipment]
Hyundai Mipo Dockyard (HMD) of Korea announced that it will strengthen Quality Control on about 130 outside-company business partners to enhance quality of supplied equipments until the end of this year. Understanding that the quality of equipme...
2010-04-16 07:29:04
STX-Daehan M&A talks drag [Finance]
There is little progress in Korea's STX Offshore & Shipbuilding's (STX O&S) Daehan Shipbuilding M&A due to financial problem, as STX O&S and creditors cannot reach a compromise over processing Daehan's KRW 900bn (USD 811.76m) debt. STX O&S has bee...
2010-04-16 07:27:00
Korea takes the lead in BWTS [Equipment]
Korea has become to preoccupy advantageous position to lead global ballast water treatment system (BWTS) market in the future as a Korean company developed two ballast water treatment technologies using ultraviolet rays were certified at the 60th Mar...
2010-04-16 07:24:23
Green calls 'New Orders' [Equipment]
As shipbuilding and shipping industries comes under greenhouse gases (GHG) regulation, industry related companies are expected to get into unlimited fuel efficiency competition and to be ranked depending on their technological competitiveness signali...
2010-04-16 07:21:39
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