Greece allows Hellenic Shipyards sale [Equipment]
Greece has given its blessing for a takeover of Hellenic Shipyards by the Abu Dhabi Mar Group, which is understood to want to launch mega-yacht construction at the largest shipyard in the eastern Mediterranean. Under the deal, owners ThyssenKrupp...
2010-03-02 08:29:29
Wadan signs $135m order [Shipbuilding]
Germany’s Nordic Yards (formerly Wadan Yards) has received its first newbuilding order. Russian mining group Norilsk Nickel has ordered an ice-breaking tanker from the group, which has been struggling to find new business since 2008. The 18,...
2010-03-02 08:27:01
MAN B&W "Tier-II" showcase [Equipment]
The first Tier-II compliant MAN B&W engine has finished production at Hyundai Heavy Industries' Engine & Machinery Division in Korea and is ready for delivery. The low-speed, two-stroke MAN B&W 6S50ME-C7 type engine will power a shuttle tanker (hu...
2010-03-02 08:24:37
CSSC issues more bonds [Finance]
Rapidly expanding state-owned shipbuilder China State Shipbuilding Corp will issue another Yuan3bn ($441m) worth of short-term bills to help fund its dramatic expansion amid the depressed market for newbuilds. CSSC is committed to huge new yards in G...
2010-03-02 08:23:20
Chinese get only 6% new orders [Shipbuilding]
It is reported that Chinese shipbuilding industry faces a new round of price competitions. As ship prices hit the bottom in last Q3, some ship owners snapped up the chance to place some orders. According to statistics from Clarkson, new ship contract...
2010-03-02 08:17:40
Russian yards’ concern over Shtokman [Offshore]
The three-year postponement of the Shtokman project causes concern in the Northwest Russian shipbuilding industry, leader of the United Shipbuilding Corporation Roman Trotsenko told PM Vladimir Putin in a meeting last week. Mr. Trotsenko maintain...
2010-03-02 08:15:12
SFI converts ship type [Shipping]
Ship Finance International (SFI) says it has converted newbuilding contracts for containerships into an order for handysize bulkers. The company made the announcement in Friday's fourth quarter earnings statement. "In light of the current wea...
2010-03-02 08:12:27
Korea loses 26 boxships [Equipment]
Cancelled containership newbuilding contracts at Koran yards aggregated to be 26 ships since global financial crisis. According to AXS-Alphaliner, a total of 436,000TEU of 140 containership newbuilding orders have been scrapped since the financial...
2010-03-02 07:12:19
HMD makes a good start [Shipbuilding]
Hyundai Mipo Dockyard (HMD) of Korea, which saw its revenue decrease amid shipbuilding industry's recession last year, made a good start by delivering a series of ships at the beginning of this year. HMD delivered seven ships in January starting ...
2010-03-02 07:09:17
Seko inks new orders but … [Finance]
Seko Heavy Industries, Korea’s medium-size shipbuilder, has made splendid achievements of winning an additional order worth $50m after grabbing the order for four bulkers worth $100m last year. But Seko is perplexed at the situations where the ...
2010-03-02 07:05:10
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