Diana to buy eight more [Shipping]
Diana Shipping may buy as many as eight more bulkers over the next two years after returning to the sale and purchase market Monday, a leading analyst says. Urs Dur of Lazard Capital Markets believes Diana’s purchase of the 76,400-dwt Theresa He...
2009-12-30 08:20:09
VaderoTank cancels pair [General]
Sweden’s Rederi AB VaderoTank is said to have cancelled a pair of chemical/oil products tankers at Selay Shipyard in Turkey. The newbuildings should have been delivered during 2009. VaderoTank ordered a total of four IMO-2 coated sisterships mor...
2009-12-30 08:17:34
Bender creditors resist [Finance]
Creditors are putting up resistance to some of the details of an auction associated with bankrupt Bender Shipbuilding & Repair’s proposed sale to a domestic rival yard, foreign media reports. Court documents complain that bidding procedures do t...
2009-12-30 08:13:27
Box sector better 2010 [Equipment]
Container lines are looking forward to a better year in 2010, but the same cannot be said for non-operating owners. The modest recovery in freight rates on some routes has not cascaded into the charter markets where fixtures are still lingering at...
2009-12-30 08:10:58
Vessel lay-up slows [Shipping]
Seven weeks after receiving the first approval for a ship to be laid up in the Geltinger Bucht, no German shipowner has yet used the area to lay up a vessel, foreign media reports. Lübeck shipping authority head Henning Dierken said that appr...
2009-12-30 08:06:47
Okskaya signs 10 river ships [Shipbuilding]
Okskaya Shipyard JSC (Navashino, Nizhny Novgorod region) has signed a contract for the construction of ten river ships, ordered by Volga Shipping. The three-year contract cost is said to be 4.7 billion rubles ($157.5m), local newspaper reports cit...
2009-12-30 08:03:45
Moller’s costly cape cancellation [General]
Maersk McKinney Moller’s cancellation of two capesize bulkers is estimated to have cost the Danish owner nearly $40m, foreign media reports. The 96-year-old Moller booked the ships two years ago in a private deal at Daewoo Shipbuilding & Marine ...
2009-12-30 07:59:33
Rongsheng wins $323m in loan [Finance]
Chinese shipbuilder Jiangsu Rongsheng Heavy Industries has secured Yuan2.2bn ($323m) in loan from a banking syndicate led by China Development Bank and China Citic Bank to finance development of an offshore plant fabrication yard. The private ship...
2009-12-30 07:55:22
Petrobras signs nine [Shipbuilding]
Brazil’s state-owned oil company Petrobras signed charter contracts Tuesday for nine tanker newbuildings to be built at Brazilian yards. A company official says more such deals are expected to follow. The Brazilian oil company had announced 12-n...
2009-12-30 07:52:53
Daewoo CEO meets Russian PM Putin [Shipbuilding]
South Korea’s Daewoo Shipbuilding & Marine Engineering said Tuesday that its president Nam Sang-tae met with Russian prime minister Vladimir Putin in Vladivostok on December 28th to exchange opinions about Russia’s shipbuilding modernization plan...
2009-12-30 07:14:44
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