Rem buys PSV resale [Offshore]
Rem Offshore has tapped cash raised from a bond issue to buy a large PSV resale. Oslo Axess-listed Rem has bought the 4,527-dwt Greatship Mohini from Greatship Global Offshore, a statement says. Rem will take delivery of the vessel from Keppe...
2010-02-12 08:21:28
Zaliv goes full-scale [Shipbuilding]
Ukraine’s Zaliv Shipyard is to start producing complete ships this year. The Kerch yard, currently a builder of sub-contracted hulls, will finish its first vessel in 2011, according to chairman Mykola Kuzmenko. He added: "We eye an opportun...
2010-02-12 08:20:07
Pipavav to see pax cancellations [Shipbuilding]
Golden Ocean is confident of cutting its newbuilding orderbook due to construction delays at an Indian shipbuilder. John Fredriksen’s Golden Ocean, which yesterday posted a fourth quarter profit slightly below market expectations, remains in ta...
2010-02-12 07:40:48
Huge slowdown in boxship deliveries [Shipping]
Containership delivery delays and cancellations, plus demolition, are having a dramatic impact on fleet projections, with annual capacity growth of little more than 5% now forecast for this year and next. That compares with double-digit expansion...
2010-02-12 07:38:13
China shipbreaking hits new high [General]
Ship demolitions at China’s yards hit a record 3.2m ldt last year due to overcapacity in the global shipping markets, according to China National Shiprecycling Association. A total of 440 vessels comprising 3.2m ldt were scrapped at the country...
2010-02-12 07:36:20
Daewoo teams up with Russian [Offshore]
South Korea’s Daewoo Shipbuilding & Marine Engineering is ready to bid for oil and gas projects together with the northern Russian shipyard of Sevmash. During a visit to South Korea last week, Sevmash General Director Nikolai Kalistratov confir...
2010-02-12 07:34:06
Delivery delays to raise exchange rates [Finance]
In the aftermath of the debt crisis facing some European countries, Korean shipbuilders are expected to delay deliveries of more ships, and this could put pressure on won-dollar exchange rates upward, analysts say. Of the 62 containerships which w...
2010-02-12 07:12:05
Korea ups shipbuilding financing 40% [Finance]
Korean government decided to make an upward adjustment on Korea Export-Import Bank's limit on shipbuilding finance by 40% this year to support struggling shipbuilders in urgent need of liquidity. In addition, Korea Export Insurance Corporation (KE...
2010-02-12 07:09:48
Talks to solve overdue wages [General]
Korean campaign to improve labor environment in southwest provinces will hold a discussion to promote legislation of system improvement at Korean Industrial Complex Corporation's Daebul branch to find a solution for delayed wage payments of employees...
2010-02-12 07:06:04
Breaking through European crisis [General]
Although there are growing expectation that shipbuilding industry will recover as shipbuilders have been getting orders since the end of last year, the insecurity in shipbuilding industry still remains entrenched with the forecast that the recent Eur...
2010-02-12 07:03:43
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