Long-term road map necessary [Shipbuilding]
While the slump of shipbuilding industry is being prolonged, three industry pundits in Korea have had a talk over the industry situations. They mostly agreed that the downturn will last in 2010 and shipbuilders should establish long-term road maps...
2010-02-09 06:52:31
Hyundai inks $1.1bn FPSO [Offshore]
South Korea’s Hyundai Heavy Industries has clinched its first newbuilding order in the new year for the world’s largest circular FPSO. The world’s largest shipbuilder announced on Monday that it has recently signed a $1.1bn (KRW 1.29trn) con...
2010-02-08 18:40:31
CSD debuts new VLOC [Shipping]
On February 5th 2010, China Shipping Development (CSD) received delivery of its first 230,000-dwt very large ore carrier (VLOC), which is China’s first as well. The monster was built by CSSC Guangzhou Longxue Shipbulding, which launched China’...
2010-02-08 14:35:10
CSSC opens new type LNG carriers [Offshore]
China State Shipbuilding Corporation (CSSC) held a conference in Beijing yesterday. The group released three new types of LNG carriers. LNG carrier is commonly recognized as the pearl on the crown of global shipbuilding industry, with hi technolog...
2010-02-08 12:28:17
Norwegian buys supramax resale [Shipping]
A Norwegian owner has made its first purchase in seven years. Bergen-based Spar Shipping has ended a seven-year absence from the sale-and-purchase (S&P) market with a move on a supramax-bulker resale. The company is said to have paid $33m for a 58,00...
2010-02-08 08:30:27
Reliance reviving cape orders [Shipping]
Indian utility company Reliance Power is reviving plans to build a fleet of capesize bulkers for an investment substantially less than originally anticipated. Industry sources say the Mumbai-based company, part of the Anil Dhirubhai Ambani (Adag) ...
2010-02-08 08:27:56
TMT cuts PCTC orderbooks [General]
Taiwan's shipowner Today Makes Tomorrow (TMT) has drastically chopped its orders for pure car/truck carriers (PCTCs). The privately owned company has booked 12 PCTCs in South Korea and China in the past three years but sources say it has now reduc...
2010-02-08 08:25:56
Greek snaps up aframax resales [Shipping]
A Greek player is said to have taken four tanker resales at Hanjin Heavy Industries & Construction of South Korea. Empire Navigation of Greece has been linked to the $236m purchase of four aframax-tanker newbuildings from Dubai-based Emarat Mariti...
2010-02-08 08:19:27
China orders 6th LNG carrier [Offshore]
China has broken the LNG newbuilding order impasse by signing up the first vessel to be confirmed for 21 months but an expected ownership split with Malaysia appears to have been abandoned. It is understood that China LNG Shipping (Holdings) Co (C...
2010-02-08 08:15:40
Big 4 in 2nd FSRU round [Offshore]
Korean big 4 shipbuilders have made it through to a new bidding process to build an FSRU. They submitted fresh bids last week for GDF Suez and Hoegh LNG's Italian floating import project Triton LNG. Offers are understood to have been due in on ...
2010-02-08 08:13:28
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