Samsung inks 16 suezmaxes [Shipbuilding]
Centrofin of Greece has upped its tally of suezmax newbuildings at Samsung Heavy Industries of Korea by one more unit bringing the total there to four. Market sources say the latest newbuilding is an option that it signed up for at the end of last...
2010-04-12 08:32:18
European oppose Attica's funding call [General]
European yards are calling into question the order price and funding being sought by a Greek owner to build at Daewoo Shipbuilding & Marine Engineering of Korea. European shipbuilders have challenged moves by Greece's Attica Group to raise EUR 60m...
2010-04-12 08:30:26
Evergreen plans 100-boxship orders [Shipping]
Evergreen is preparing to cash in on low prices to order 100 boxships. Taiwanese liner giant Evergreen says it has opened negotiations with yards to build 100 containerships, as its decision to sit out the ordering frenzy of the shipping boom look...
2010-04-12 08:27:12
Ezra newbuilds pushed back [Offshore]
Singapore-based shipowner Ezra Holdings expects delays to the outfitting of three of its newbuilding subsea construction support vessels in Singapore as it adds additional equipment to the ships. The owner of 31 offshore support vessels and part-...
2010-04-12 08:23:50
Bulker orders to decrease [Shipping]
Ordering activity of dry bulk newbuildings is not expected to experience growth in the second quarter as owners adopt a wait-and-see attitude. A small rise in contract prices seen over the last month at Korean shipbuilding yards in particular is ...
2010-04-12 08:21:47
MOL unveils eco-"ISHIN-III" [Shipping]
Mitsui O.S.K. Lines reported it has completed the concept for an environment-friendly, large-scale iron ore carrier called the ISHIN-III, third in its series of next-generation vessels which it says will be technically practical in the near future. ...
2010-04-12 08:19:52
Russian wins five tankers [Shipbuilding]
On April 7, 2010 the contract on construction of five tankers (plus five in option) of third range of ‘Armada’ type vessels, design RST22M has been signed between Palmali Group of Companies and JSC Volgograd Shipbuilding Plant of Russia. It i...
2010-04-12 08:18:10
MISC set to list yard unit [General]
MISC plans to list its shipyard Malaysia Marine and Heavy Engineering (MMHE) on Bursa Malaysia. MISC said it was formulating plans for the listing of MMHE and would appoint advisors. “Further details on the proposed IPO will be made known u...
2010-04-12 08:15:35
HHI builds another wind farm [General]
Hyundai Heavy Industries (HHI) of South Korea is planning to build a large wind farm generating 40MW of electricity annually in Muju of North Joella Province, South Korea. North Jeolla Province announced that "Gunsan plant of HHI signed 'sharehol...
2010-04-12 07:27:35
Hyundai debts rise [Finance]
Hyundai Heavy Industries (HHI) of Korea is increasing its short term debt including expanding bank credit line and issuing commercial papers (CP). This is because of slow cash influx following decreasing new orders intakes and delayed ship buildi...
2010-04-12 07:21:42
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