Thanks for cold comfort [Shipping]
The freezing conditions in recent weeks across much of the northern hemisphere have brought welcome relief to one group that saw lackluster earnings or losses throughout 2009 - the world's oil tanker owners, Financial Times reports. Harsh winter c...
2010-01-12 07:30:06
Stolt takes canceled ships at SLS [Shipbuilding]
Stolt-Nielsen has snapped up a quartet of parcel tankers it previously cancelled at SLS Shipbuilding in South Korea, foreign media reports. The shipowner will take on the 44,000-dwt ships at fresh price in line with current newbuilding values. ...
2010-01-12 07:25:53
Jinhui delivers 60-m long PSV [Offshore]
On January 7th, a 60-meter long platform supply vessel (PSV) built by Jinhui Shipyard (金辉船厂) was delivered to a Saudi Arabian shipowner successfully. The ship was classed by ABS and is suitable for unrestricted navigation area. ...
2010-01-12 07:02:17
Korea plans to buy 70 ships [Finance]
Korea Development Bank (KDB) and Korea Asset Management Corporation (KAMCO) plan to buy more than 70 ships in 2010 to help restructure Korean shipping and shipbuilding companies. Furthermore, the restructuring fund worth 10 trillion won ($8.9bn) ...
2010-01-12 06:50:48
Kick-off with orders rally [Shipbuilding]
South Korean shipbuilders have made a good start to the New Year with signing new orders in a row. Daewoo Shipbuilding & Marine Engineering, Sungdong Shipbuilding & Marine Engineering, STX Offshore & Shipbuilding and Hanjin Heavy Industries & Cons...
2010-01-12 06:42:00
China rolls out top-level VLCC [Shipbuilding]
MT Xinpuyang, China’s top-level very large crude carrier (VLCC) built by CSSC Guangzhou Longxue Shipbuilding (广州中船龙穴造船基地), will make its maiden voyage by the end of January. The 308,000-dwt monster is fitted with an...
2010-01-11 15:29:18
Staco donates KRW 300m to KMU [General]
South Korean shipbuilding equipment manufacturer Staco has donated development fund of KRW 300m ($270,000) to the Korea Maritime University. The university said on January 8th that Staco chairman Lee Dong-hyeong, center right in the picture, has v...
2010-01-11 15:10:55
Hanjin Subic inks cape pair [Shipbuilding]
South Korea’s fifth largest shipbuilder Hanjin Heavy Industries & Construction has secured its first order for the new year, which also marks the first newbuilding contract for the shipbuilder since the financial crisis hit the global economy in la...
2010-01-11 14:01:32
New Year party at Sungdong [General]
South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering held a New Year Party for its customer shipowners and ship inspectors at its auditorium in Tongyong on January 10th 2010. The party was to share New Year greetings and express ap...
2010-01-11 12:10:42
STX signs four 57K bulkers [Shipbuilding]
STX Offshore & Shipbuilding said Monday that it has clinched its first order for 2010, continuing the order rally which started at the end of last year. The South Korean major shipbuilder said it signed a contract with Turkish shipowner Densa to b...
2010-01-11 09:44:49
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