Keppel confident about recovery [Offshore]
Keppel is bullish about a recovery in both the offshore sector and the global economy after beating analysts’ estimates in the fourth quarter, foreign media reports. Orders accelerated in the last three months of 2009 in which the Singapore-lis...
2010-01-27 07:57:06
21st Century denies orders cancellation [Shipbuilding]
Laskaridis Shipping denies it is negotiating the cancellation of three bulker newbuildings at South Korea’s 21st Century Shipbuilding, foreign media reports. The Greek owner was reported on Friday to be pushing for the cancellation of the contr...
2010-01-27 07:55:09
CMA CGM newbuilding turmoil [Finance]
Top CMA CGM executives are reported to have flown to Seoul, South Korea in a last-ditch effort to salvage a newbuilding order after Hanjin Heavy Industries & Construction sold one of the ships to another buyer at a bargain basement price. CMA CGM...
2010-01-27 07:52:27
Allweiler bags ABG shipsets contract [Equipment]
Leading Indian shipyard ABG has awarded Norwegian company Allweiler with a contract worth about $2m for complete shipsets to a series of 35,000 dwt bulk carriers built for Germany’s Hamburg-based H. Vogemann Group. Allweiler is a specialist provide...
2010-01-27 07:47:56
Plate prices face upward [Equipment]
Ship plate prices in China are facing upward pressure in the short term, mainly due to recovering demand and decreasing output, said market watchers. China's largest steel maker Baosteel previously announced that it would keep its February ex-factory...
2010-01-27 07:45:20
Cochin eyes IPO to fund expansion [Finance]
India’s Shipping Secretary, Mr K. Mohandas, has said that Cochin Shipyard is likely to go for an IPO to raise funds for its expansion program. Speaking after laying the foundation stone of the Kochi campus of the Indian Maritime University at W...
2010-01-27 07:29:35
Mixed prospects over bulker deliveries [Shipbuilding]
Yet another report on the issue of dry bulk tonnage supply this week, sends mixed emotions for ship owners and investors alike, as analysts seem to share divided notions on the issue, which will in a large part determine the course of the Baltic Dry ...
2010-01-27 07:28:04
Hegemann wins LOI to build ropaxes [Shipbuilding]
German shipyard group Hegemann has secured a letter of intent from ferry operator Scandlines for a pair of ro-ro/passenger ships. No price has been disclosed for the newbuildings but broking sources estimate it to be around EUR 90m ($130m) each de...
2010-01-27 07:24:50
Doosan wins power plants [General]
South Korean contractor Doosan Heavy Industries & Construction announced on Jan. 25th that it has received an order for super power plant worth $1.1bn from India. Doosan Heavy Industries vice president Seo Dong-su had a contract-signing ceremony ...
2010-01-27 07:06:13
STX Engine more into non-shipbuilding [General]
South Korea's STX Engine is expecting to receive more orders in non-shipbuilding sector this year. The engine maker is targeting KRW 1.7trn ($1.46bn) of orders in 2010, which is 70% higher than last year's order intakes worth around KRW 1trn. Su...
2010-01-27 07:01:46
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