Shanghai to become maritime hub [Shipping]
China is building up a formidable fleet but it will need to develop its support services especially in the key areas of maritime law and shipping finance if it is to establish itself as a global maritime powerhouse. Shanghai correspondent Neil Co...
2010-02-22 13:11:49
Hanjin Subic inks 1 more cape [Shipbuilding]
Hanjin Heavy Industries & Construction’s Philippines unit HHIC-Phil said Monday that it has signed a contract with Belgium’s Bocimar N.V. to build one 180,000-dwt bulker. The newbuilding capesize bulker will have a length of 292 meters, a brea...
2010-02-22 11:59:46
Thomas Schulte Enters Eco-Zone [Shipping]
Thomas Schulte, one of Germany’s largest shipping groups, recently announced in Hamburg that it would voluntarily enter International Convention for the Safe and Environmentally Sound Recycling of Ships, namely Hongkong Convention. The group has...
2010-02-22 11:50:28
China delivers Ice class boxship [General]
MV HERCULES, China’s first 1000TEU ice strengthening boxship, was recently delivered to German shipowner after its successful sea trial. The ship was built by Jiangdong Shipyard, a subsidiary enterprise of SINOTRANS. The newbuilding is of 13,...
2010-02-22 11:49:23
China Exports Wing in Ground Craft [Equipment]
China’s Jiangsu Hengchuan Group recently announced17-unit wing in ground crafts ordered by U.A.E.’s enterprise will be delivered around May of 2011. This is the first wing in ground craft export order by Chinese private enterprise. Mr Chen...
2010-02-22 11:47:07
SCI reviving fleets expansion [Shipping]
State-owned Shipping Corp of India (SCI) is looking to buy kamsarmax bulkers and is reviving plans to purchase capesizes and VLCCs. According to company director Kutty Sekhar Nair, it plans to acquire four kamsarmaxes either as newbuildings or secon...
2010-02-22 10:07:50
France to support STX Europe [Finance]
The French government has signalled its determination not to let the work-starved STX Europe shipyard at Saint Nazaire go under for lack of new orders. Economy minister Chrstine Lagarde has given assurances twice this week that the government wil...
2010-02-22 08:00:46
Shipbuilders getting anxious [Finance]
Yards in South Korea, China and Japan are all facing a thinning backlog. Far Eastern shipyards' confident boast in the autumn of 2008 that a record-breaking orderbook would be enough to cushion them from the effects of a global economic downturn i...
2010-02-22 07:57:56
Cancellations closing on 600 [Shipping]
Almost 600 newbuildings were struck from the world orderbook since the beginning of the global financial crisis, according to figures from Norwegian classification society Det Norske Veritas (DNV). DNV China boss Joerg Beiler says no fewer than 59...
2010-02-22 07:53:56
Union snaps up handy resale [Shipping]
Union Commercial of Greece has bought a resale handysize contract. Sources close to the deal confirm Union has paid $28.4m for a 32,000-dwt bulker newbuilding at Japan's Hakodate Dockyard. The vessel is due for prompt delivery this month and ...
2010-02-22 07:51:05
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