China expanding national VLCC fleet [Shipping]
China Changjiang National Shipping (Group) Corporation (CSC) has finished 42 laden voyages safely by February 22th 2010, namely transporting 65m-barrel import crude oil. With CSC’s expansion of VLCC transport capacity, it will become an importan...
2010-02-24 09:49:24
Korea continues winning rally [Shipbuilding]
Daewoo Shipbuilding and Marine Engineering (DSME), the world's second-largest shipbuilder, and Sungdong Shipbuilding and Marine Engineering (SSME) have taken up over 50 percent of orders of the market since November 2009. Domestic ship builders are b...
2010-02-24 09:29:44
Aker-Phil eyes wind turbine installation vessels [Offshore]
Could Aker Philadelphia Shipyard soon find itself building wind turbine installation vessels? The good news in the just released fourth quarter 2009 report from Aker Philadelphia is that it continues to get better and better at building tankers....
2010-02-24 09:18:10
Odfjell acquired MR from SLS [Shipping]
Odfjell has entered into an agreement with SLS Shipbuilding Co Ltd, Korea, to acquire one 51,000 DWT IMO 3 product tanker. The agreed price is about USD 33.5 million. The vessel is scheduled for delivery med of April 2010.
2010-02-24 09:12:35
Dry bulk market 'waiting stance' [Shipping]
Hot on the heels of last week’s positive trend, the Baltic Dry Index kept its momentum Monday, although one could maintain that in reality, the dry bulk market seems to be on a waiting stance, with all eyes turned to China. This factor is expected ...
2010-02-24 08:25:33
Noreq rolls out new davit [Equipment]
The market appears to be enthusiastic about Noreq AS’s newly-developed davit products, resulting in record sales. ‘Safer launching of lifeboats and savings on maintenance are the two biggest advantages of the new concept,’ says Styrk Bekken...
2010-02-24 08:22:51
Nantong yards deliver 40% more [Shipbuilding]
Shipyards in Nantong, one of China’s largest shipbuilding hubs, saw a 40% increase in the number of newbuilding deliveries in January, after the city’s yards handed over 13 vessels totaling 670,000 dwt, according to the Nantong Maritime Safety Ad...
2010-02-24 08:20:53
Wartsila slow steaming kit deal [Equipment]
Wärtsilä has sold two of its slow steaming upgrade kits to Jüngerhans, in a development that brings the number of kits on order to 12. The manufacturer declined to reveal the price tag attached to the equipment. Haren-based Jü...
2010-02-24 08:18:17
Over 140 boxships canceled [Shipping]
More than 100 containership orders have been cancelled outright, and at least two dozen converted to other vessel types, as efforts to slow fleet growth start to produce results. Latest Alphaliner figures indicate that containership cancellati0n...
2010-02-24 08:14:49
Bangladesh shipbreakers protest [General]
Bangladesh's shipbreaking yards are at a crossroads, with workers up in arms at moves to make the yards operate in a more environmentally friendly manner. Shipbreaking ground to a halt Monday as some 30,000 workers protested a government decree ...
2010-02-24 08:12:31
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