Yuexin wins $60m PSV order [Offshore]
China Petroleum and Chemical Corporation (Sinopec) announced that compatriot small shipyard Yuexin Shipbuilding (粤新船厂) has been awarded the contract to build a platform supply vessel (PSV) worth CNY 400m ($59m). The result is very s...
2010-01-12 14:06:37
Korean overtaken by Chinese rivals [General]
Korean shipbuilders were outpaced by their Chinese rivals in the number of new orders received last year and order backlogs, London-based Clarkson Research Services said Tuesday. Korean shipbuilders won a combined 3.15 million compensated gross t...
2010-01-12 10:59:29
Goldenport cancels supramax pair [Shipbuilding]
Goldenport Holdings said it has cancelled two supramax bulker newbuildings on order at China’s Qingshan Shipyard, foreign media reports. The two 57,000-dwt ships were ordered in August 2008 at a total cost of $91.6m and were due for delivery in...
2010-01-12 07:55:22
Indonesian cash splash on newbuildings [Shipping]
Indonesian owner Trada Maritime has lined up a $200m spend on new ships this year. The floating storage and tanker specialist will put the cash towards a combination of 20 new vessels and FSO conversions, finance director Adrian Sjamsul said, acc...
2010-01-12 07:51:48
Panamax boxship value halved [Shipping]
The value of a panamax containership was almost cut in half last year according to Clarksons which today ended a 16 months break in its publication of ship values. Five-year-old VLCCs and resales each lost around a quarter of their price tag over t...
2010-01-12 07:48:41
PGS awarded $58m from Vulcano [Finance]
Norwegian shipowner Petroleum Geo-Services has won almost €40m ($58m) from the Factorias Vulcano shipyard in northern Spain after winning an arbitration case in Norway over a shipbuilding contract cancellation, foreign media reports. PGS subsidiary...
2010-01-12 07:45:45
Luken to sell Lloyd Werft stake [Finance]
Werner Lüken, the majority shareholder in German repair and conversion specialist Lloyd Werft, says he wants to sell part of his stake in the company and is in talks with potential investors who are interested in taking over the yard, foreign me...
2010-01-12 07:43:04
Hamworthy bags UASC order [Equipment]
Dubai-based shipowner United Arab Chemical Carriers, the petrochemicals arm of UASC, has signed a contract to install Hamworthy Moss nitrogen generator technology on board ten ships under construction in South Korea. The ten 45,000d-wt IMO type 2 pro...
2010-01-12 07:40:26
Danish orderbook shrinks 30% [Shipping]
The orderbook of Danish shipping companies has decreased by 30 percent from the beginning of last year until the beginning of this year. The newbuilding program is today approximately 275 ships with just under 11 million DWT. The newbuilding prog...
2010-01-12 07:36:46
Hyundai-Vinashin banned from slag [General]
The central Khanh Hoa Province-based Hyundai Vinashin Shipyard Co (HVS) has to stop using copper slag for ship repair until it treats tons of slag it has dumped nearby. The move has been made to minimize adverse environmental impacts, a top envir...
2010-01-12 07:33:41
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