Close with zero orders [Offshore]
An outstanding option at Daewoo for Brunei LNG looks very unlikely to bring the total above the line. Daewoo Shipbuilding & Marine Engineering (DSME) could be poised to scoop an order for an LNG carrier early in the year but 2009 to close with n...
2010-01-06 08:32:21
Maersk pays for naval escort [General]
Maersk has confirmed reports that it paid for a Tanzanian naval patrol vessel to escort a product tanker in Somali waters as a one-off anti-piracy precaution in December 2008, but is at pains to deny that the practice is regular, foreign media report...
2010-01-06 06:40:28
Shipping loan drops in 2009 [Finance]
A series of factors like newbuilding cancellations which eliminated bank commitments have led to a significant reduction of the global shipping loan portfolio, which is estimated to have ended 2009 at approximately $410-420 billion, down from about $...
2010-01-06 06:35:23
Good start "Dry bulk" [Equipment]
Demand from China will ensure the dry bulk market has a healthy start to 2010, analysts claim. Steel mills in the world’s industrial powerhouse are expected to launch another round of stockpiling, the boss of the Asian wing of Drewry Maritime S...
2010-01-06 06:33:02
Aegean swoops bunkering firm [General]
Peter Georgiopoulos’ Aegean Marine Petroleum Network has purchased Verbeke Bunkering and its fleet of 18 bunkering vessels, foreign media reports. Aegean, a New York-based bunkers supplier, said the deal gives it control of a leading supplier i...
2010-01-06 06:30:40
Siem fixes $22m deal [Offshore]
Siem Offshore has tied up a $22m deal for one of its multipurpose-support vessels, foreign media reports. Oslo-listed Siem says the 11,700-bhp Siem Dorado (built 2009) will join Adams Offshore on a three-year bareboat charter. In a statement ...
2010-01-06 06:27:18
K Line return to black [Shipping]
K Line will bounce back from the worst financial results in its history to return to profitability in the next financial year, its president says. Huge spending cuts and the shedding of around 50 ships will help the Japanese giant return to the b...
2010-01-06 06:25:23
NYK cuts container tonnage [Shipping]
A radical change of course planned by top Japanese shipowner NYK will lead to an increased focus on bulk shipping and drastic cuts to its container line, foreign media reports. NYK is to focus its investment on bulk carriers and energy related to...
2010-01-06 06:23:25
Fincantieri launches Cunard cruiseship [Shipbuilding]
Fincantieri’s Monfalcone yard launched its first vessel for Cunard Tuesday, with the luxury cruiseship Queen Elizabeth taking to the water at the facility just outside Trieste. The 294m-long, 90,400-gt vessel has 1,046 cabins and capacity for 2...
2010-01-06 06:20:31
Shipbreaking policy a top priority [General]
Sheikh Hasina has said Bangladeshi government will formulate a policy for the hazardous shipbreaking industry "immediately". The prime minister's statement, at the national convention of the Institute of Engineers, Bangladesh (IEB) in Chittagong, com...
2010-01-06 06:16:13
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