Rising Won to end newbuild bargains [Finance]
The bargain season at Korean shipbuilders is forecast to come to an abrupt end as the Korean won strengthens, one local analyst says. Following a number of discounted capesize newbuilding orders that has sparked fears of a further fall in ship pri...
2010-01-15 14:37:40
Korean banks buy bulkers [Finance]
Two South Korean financial companies each bought a panamax bulker from German shipowner Vogemann in what appears to be an asset play on expectations of rising ship values, foreign media reports. Industry players say Solomon Savings Bank and Busan Mut...
2010-01-15 14:25:01
Jinling delivers last of Ro-Ro series [Shipbuilding]
China’s state-owned CSC Jinling Shipyard (南京金陵船厂) delivered a 11,300-dwt Ro-Ro ship to a Swedish shipowner on Thursday. The vessel is the last one in the series of four ships, as well as the second ship delivered by Jinling in 2...
2010-01-15 14:02:51
Jiangnan delivers fourth VLCC for CSC [Shipbuilding]
On January 12th, MT Changjiangzhiyuan, a newly-built very large crude oil carrier (VLCC) built by Shanghai Jiangnan Changxing Shipbuiding (上海江南长兴造船基地), was delivered to CSC Nanjing Tanker Corporation. The tanker is th...
2010-01-15 13:48:23
Transpetro VLCC newbuilding tender [Shipbuilding]
Transpetro’s third round of newbuilding tenders could be made up primarily of VLCCs, the Brazilian shipowner’s president said on Thursday. Sergio Machado says the shipping arm of state-owned energy group Petrobras plans to launch the bidding p...
2010-01-15 11:59:05
Mitsubishi inks exploration ship [Offshore]
Japanese shipbuilder Mitsubishi Heavy Industries (MHI) has secured a state-backed order for a resource exploration vessel. MHI said the contract was signed with government-owned Japan Oil, Gas and Metals National Corp, or JOGMEC. The natural ...
2010-01-15 07:10:13
Navios denies cape order at Sungdong [Shipbuilding]
Navios Maritime Holdings has silenced whispers it has placed a near $110m capesize order in South Korea, foreign media reports. Word in some broking circles suggested the owner had penned a 180,000-dwt brace at Sungdong Shipbuilding & Marine Engi...
2010-01-15 07:07:35
Zim idles 10,000-teu newbuild [Shipping]
Zim has idled one of its flagship 10,000-teu newbuildings following its delivery from Hyundai Samho Heavy Industries in South Korea over the holiday period, it is claimed. The Zim Antwerp (built 2009) has yet to be assigned to a service and remai...
2010-01-15 07:03:13
Genmar eyes expansion opportunities [Shipping]
General Maritime is eyeing a 12-month window of opportunity to expand its tanker fleet before the market recovers, according to a leading US analyst. Peter Georgiopoulos-led Genmar may also look to tap shareholders to raise the necessary funds, sa...
2010-01-15 06:59:12
Croatia may buy ships from yards [Shipbuilding]
Croatia could form a state-owned company to prop up its ailing shipyards if another privatization bid fails this month. The Jutarnji List newspaper claimed the new entity could buy ships from the yards, without citing a source. The company wo...
2010-01-15 06:54:28
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