STX cape resale rough going [General]
A $61m resale deal for a capesize newbuilding is said to have stalled, foreign media reports. It was reported last month that STX Offshore & Shipbuilding in South Korea sold the 181,000-dwt vessel following an order cancellation. However, sources...
2009-12-24 07:24:57
Daewoo to win LNG carrier [Offshore]
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) could clinch an order for an LNG carrier early in the new year but 2009 now looks certain to close with no newbuildings ordered. Informed sources reveal that DSME has an option outstand...
2009-12-24 07:20:44
SPP inks another 82K pair [Shipbuilding]
Greek shipowner Sea Justice has taken advantage of lower newbuilding prices to order two kamsarmaxes in South Korea. It has also sold a modern bulker at a profit. Company boss Elias Papageorgiou confirms Sea Justice has ordered two 82,000-dwt bulk...
2009-12-24 07:15:06
Banks taking over vessels [Finance]
Investment banks are turning their focus to shipping, buying and chartering out newbuildings and secondhand ships, according to foreign media report. In a bid to exploit distressed-asset values some banks are looking to acquire resales and bareboa...
2009-12-24 07:07:02
LNG-FPSO FEED competition starts [Offshore]
Brazil's Petrobras and its partners have signed agreements with companies to undertake the front-end engineering and design (FEED) work for its planned LNG on-board natural-gas liquefaction unit. Teamed with BG Group, Repsol and Portugal's Galp En...
2009-12-24 07:02:32
Newbuilding investment down 90% [Shipbuilding]
Newbuilding investment plummeted in 2009 but ordering now seems much more stable after a rough start to the year. Shipowners are set to end the year having invested in newbuildings to just a small fraction of the figure logged last year, foreign m...
2009-12-24 06:58:01
Big 3 sales to fall [Finance]
Revenues of South Korean big three shipbuilders, namely Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries, are forecast to decline since 2012, Seoul-based Daishin Securities said Wednesday. The drastic...
2009-12-24 06:35:35
Fresh support measures [Shipbuilding]
South Korea’s National Assembly Research Service (NARS) said Wednesday ‘Future-Oriented Restructuring’, reflecting pursuit of high value-added products and international division of labor, is required for the country’s shipbuilding industry. ...
2009-12-24 06:27:43
$50m for LPG carrier newbuilding [Shipbuilding]
Elcano is paying a whopping $150m to build three LPG carriers to be chartered to Petrobras, according to a market report. The Spanish owner is paying between $48m and $50m each for the ships. The vessels are being built at Brazil's Itajai Shipyard...
2009-12-23 14:03:39
Cape resale for $71.5m [Shipping]
China’s Five Star Shipping has recently secured its second capesize bulker at the same Japanese yard. It is said to have purchased the 180,000-dwt ship at Sasebo Heavy Industries for $71.5m for delivery in February. Five Star also bought the ...
2009-12-23 13:57:21
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