NACKS delivered its 5th VLOC [Shipbuilding]
Nantong COSCO KHI Ship Engineering (NACKS) recently delivered its fifth 300,000-dwt very large ore carrier (VLOC) to compatriot COSCO (Hongkong) Group. It is the fifth one in the series ordered by COSCO (Hongkong) Group from the end of 2008. Wh...
2010-02-23 12:30:48
Sungdong inks 3 more 82K BC [Shipbuilding]
Korean shipbuilder Sungdong Shipbuilding & Marine Engineering announced in the morning today that it is set to ink a newbuilding contract later on the day with a European shipowner to build three kamsarmax bulkers including one option. The news co...
2010-02-23 11:46:43
Japan resumes sales activity [Shipbuilding]
Japan's leading shipbuilding executive has said it should be time for the country's yards to think about winning orders again following more than a year with little fresh business. Japan Shipbuilding Association (JSA) chairman Takao Motoyama's com...
2010-02-23 08:39:29
Imabari signs handy pair [Shipbuilding]
Wisdom Marine Lines's appetite for newbuildings continues unabated. The Taiwanese company, which has around 20 newbuildings already under construction, has returned to Japan for more ships. A company official says Wisdom has booked two 28,000-dwt ...
2010-02-23 08:36:54
Funds orders capes [Finance]
Two orders at a Korean yard are a sign of the times on the price front. South Korea's Sungdong Shipbuilding & Marine Engineering has concluded two separate capesize orders from shipping funds worth more than $100m in total, reflecting the recent d...
2010-02-23 08:34:53
Cosco profit plummets [Finance]
A slump in shipyard work and dry bulk rates coupled with higher operating costs led Cosco Corp (Singapore) to post a 64% fall in net profit to S$110.1m ($78.2m) last year, down from S$302.6m in 2008. This was the second consecutive drop in annual pro...
2010-02-23 08:32:31
Sembcorp profit soars [Offshore]
Strong rig-building activity and reduced foreign exchange losses led to an “exceptional” rise in full-year profit at Singapore’s Sembcorp Marine. The builder and repairer posted its highest ever profit in the fourth quarter which led to the...
2010-02-23 08:30:15
Rome to boost shipyards [General]
The Italian government has reaffirmed its commitment to accelerating a number of public contracts for new ships as part of Rome’s response to the continuing difficulties being experienced by the country’s shipbuilding industry. At a meeting with ...
2010-02-23 08:28:26
Aker-Phil needs new orders to survive [Offshore]
Aker Philadelphia Shipyard has warned that it will go out of business unless it secures new orders beyond the four Jones Act product tankers it is finishing. The company also hinted that unless new orders are found, deliveries of the four current...
2010-02-23 08:25:36
Russo-Korean yards by 2012 [Equipment]
Construction of joint Russo- Korean and Russo-Singaporean shipyards in the Far East of Russia is scheduled for completion in the first quarter of 2012, 24 months from now, Roman Trotsenko, the CEO of the United Shipbuilding Corporation (USC) announce...
2010-02-23 08:23:37
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