Greek cuts five orders to two [Shipbuilding]
Greek shipowner Bright Navigation has successfully renegotiated orders with two Korean shipbuilders and minimized losses caused by the fall in newbuilding prices. Under the agreements, five-ship orders will be cut down to two. George Stephanou,...
2010-01-22 16:01:33
Hyundai shipbuilding hits historic low [Finance]
Hyundai Heavy Industries’ shipbuilding division sales proportion fell to 30% mark of the company’s total revenue for the first time in its history. Instead, offshore/onshore plant & engineering businesses surged. New orders in this field are a...
2010-01-22 15:20:44
Owners join forces to cancel orders [Shipping]
Greek shipowners trio are said to be uniting to cancel a total of seven bulkers on order at Korea’s beleaguered shipbuilder 21st Century Shipbuilding. The three owners are Hellenic Star Shipping, Primerose Shipping and Laskaridis Shipping and th...
2010-01-22 14:11:21
Samsung to use swing-type safety belt [Equipment]
Samsung Heavy Industries announced that it will use ‘swing-type safety belts’ from January 20th in an effort to prevent fall accidents which take up the highest proportion of industrial accidents nationwide. Currently Korean shipbuilding ind...
2010-01-22 11:50:24
Alfa Laval's BWT to serve DrillMAX ICE [Equipment]
PureBallast, Alfa Laval’s unique and chemical-free system for ballast water treatment, has already demonstrated its suitability for a wide range of vessel types. Now Alfa Laval has received the first order for PureBallast 2500, the largest ver...
2010-01-22 10:05:06
Chinese rush holds dangers [Shipbuilding]
It has been about one year since China adopted its shipbuilding stimulus plan. Apart from pledges to support Chinese shipbuilders financially, the stimulus plan focuses on the necessity to control overcapacity in the industry. Looking back o...
2010-01-22 09:49:45
Most newbuilds will be delivered [Finance]
Ship financier DVB Bank believes most newbuildings ordered at Asian shipyards will be delivered, despite the difficulties in raising funding. Dagfinn Lunde (pictured), member of the board of managing directors for DVB Bank said the newbuilding o...
2010-01-22 09:36:59
Greenfield to win Transpetro tender [Offshore]
Brazil’s Ceara state government confirmed that a greenfield yard proposed in the state has won a Transpetro gas ship tender. Antonio Balhmann, president of the State Development Agency, said Promar Ceara Shipyard won the bidding as shipyard off...
2010-01-22 07:54:11
Jurong wins FPSO conversion deal [Offshore]
Jurong Shipyard has reportedly won a tender to convert a tanker into an FPSO hull for Brazil's Petrobras. The Singapore yard won the bidding race with an offer of $94m, Agencia Estado newswire reports. Brazil’s energy company Petobras plans...
2010-01-22 07:49:20
STX Finland Turku workers strike [General]
Workers walked out of STX Europe’s Turku shipyard in Finland on Thursday in protest at job cuts. Union officials said the strike action is planned to last until next Monday. STX said last week it would lay off 370 workers as orderbook dries...
2010-01-22 07:46:57
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