German cancels PSV order [Offshore]
Germany’s Opielok Offshore Carriers has cancelled one of its PSVs on order in India and a second unit is also in line for the chop. Hamburg-based OOC has axed hull 359 at Bharati due to delivery delays of almost a year. It is understood hull 36...
2010-02-16 08:21:20
LPG tanker orders to drop 50% [Shipping]
A report just published shows new orders for liquid petroleum gas (LPG) fleet tankers currently stand at 191 to the end of 2013, which is 50 percent less than the previous five years or 40 percent if measured in cubic metres (m3). “The LPG marke...
2010-02-16 08:19:18
Croatia cruising 2nd privatization [Finance]
Bids for the privatisation of the six shipyards will be invited by February 15, and bidders will have 60 days to submit their bids. "The tender terms are basically the same as in the first round, it's just that certain details have been additionally ...
2010-02-16 07:45:46
Rich year for shipbreaking [General]
A frenetic pace turned 2009 into a year of surprises especially on the price front. A bonanza for breaking is probably the best way to describe 2009. The demolition market saw more than 800 vessels sold, aggressive buying by China and Bangladesh a...
2010-02-16 07:43:22
Almi waiting for ship finance [Finance]
A Greek owner is pursuing a huge newbuilding program even though it still needs to secure more than $500m of borrowing. Almi Tankers of Greece says it prefers to wait for lending conditions to improve before it seeks bank finance for its $840m tan...
2010-02-16 07:38:14
Arkas to buy boxship duo for $50m [Shipping]
Arkas Shipping of Turkey is said to be forking out nearly $50m on a pair of 2,500-teu boxships at a Hegemann Group shipyard in Germany. The owner is in talks to acquire the two vessels being built at the Volkswerft Stralsund facilities. They ar...
2010-02-16 07:33:06
Eships buys three SLS tankers [Shipping]
Growing Abu Dhabi shipowner, operator and investor Eships has reportedly spent as much as $100m to buy three medium range tankers from South Korea’s SLS Shipbuilding. The shipyard filed for bankruptcy protection in December 2009 after industria...
2010-02-16 07:30:28
Chinese plan tanker orders [Shipping]
Chinese shipowners were thought to be planning a new tranche of tanker newbuildings at domestic yards to gain further control of their country’s oil import market. At a seminar held in New York last week, several prominent players gave their op...
2010-02-16 07:27:51
Temporary downturn of marine suppliers [Equipment]
Korean shipbuilding equipments manufacturing companies are analyzed to show improved performance from this March following increasing equipments orders for Middle East newbuildings. But there had been a negative outlook of temporary downturn of sh...
2010-02-16 07:02:36
Shipbuilding desperate for help [Finance]
Ulsan city of Korea held a meeting for development of shipbuilding industry at city hall on Feb. 12th to announce the result of demand survey and discuss countermeasures for difficulties in the presence of 20 officials from Ulsan Chamber of Commerce ...
2010-02-16 06:59:47
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