Taiwanese orders 37K bulkers at STX [Shipbuilding]
Taiwan’s Unison Marine Corp has emerged as the mystery shipowner behind an order for two handysize bulkers at STX Offshore & Shipbuilding in South Korea. A source close to the Taiwanese firm confirms the company has inked two 37,000-dwt handysiz...
2010-01-08 13:59:44
Hanjin union declares general strike [General]
With the compulsory layoff program being implemented by Hanjin Heavy Industries & Construction after its voluntary layoff program fell short of its target, all members of the labor union at Hanjin announced their determination to go out on a general ...
2010-01-08 12:15:37
ABG secures 15.2% in Great Offshore [Finance]
India’s ABG Shipyard has landed a 15.2% stake in shipowner Great Offshore through its open offer made in December. The acquisition of the expensive chunk of 5.7m shares, revealed in a filing by Great Offshore and worth about INR 2.96bn ($64.78m...
2010-01-08 07:23:38
Nanjing Tanker profit warning [Finance]
Nanjing Tanker, a crude oil and petrochemical shipping subsidiary of state-owned China Changjang National Shipping (Group), has posted a profit warning, saying net profit for 2009 will slump by more than 90% as a result of decreasing demand in oil tr...
2010-01-08 07:21:06
Deutsche Schiffsbank breaks even [Finance]
Deutsche Schiffsbank expects to achieve its forecast of breaking even in 2009, foreign media reports. However, it will not make coupon payments to holders of profit participation certificates for last year as that would result in a balance sheet l...
2010-01-08 07:08:20
Pacific key to box sector recovery [Shipping]
Growth is forecast to return to the main east-west container trade lanes this year, but actual volumes will still be way down from the bumper numbers of 2007 after two years of contraction that has brought many owners and operators to the brink of ba...
2010-01-08 07:05:49
KR to verify emissions trading [General]
The Korean Register of Shipping (KR) – an IACS member classification society – has been authorized by the Ministry of Environment of the Republic of Korea as a verification body for its pilot greenhouse gas emissions trading scheme. The s...
2010-01-08 06:59:51
Shipping majors into repair biz [Shipping]
Indian shipping companies, such as Great Offshore, Chowgule Ports and Infrastructure and Bharati Shipyard, are investing big bucks in creating repair facilities, a market pegged at around Rs 2,000 crore annually. International firms are also keen to ...
2010-01-08 06:58:07
Bangladesh limits scrapping zone [General]
The government has tasked a technical committee to start work on establishing an official shipbreaking zone along Bangladesh's coast, following the prime minister's recent call for long overdue regulation of the hazardous industry. The government ...
2010-01-08 06:55:30
Bangladesh top breaker [General]
Bangladesh retained its top spot as the largest shipbreaking nation in 2009 as it bought up more tonnage than any other country, foreign media reports. Demolition activity in Bangladesh reached 9.9m dwt during 2009, a 40% rise on 2008 figures, and...
2010-01-08 06:51:24
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