Daewoo inks 10 suezmaxes [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering announced Tuesday that it has signed a contract with Greece’s Almi Tankers S.A. to build 10 suezmax tankers (Hull Nos. 5354 - 5363). The South Korean major shipbuilder revealed the contract value amounts ...
2009-12-22 11:39:08
Italy pledges support for yards [Shipbuilding]
The Italian government has committed to a significant program of support for the country’s shipbuilding industry, pledging to push forward publicly funded contracts, provide export credits for the yards, and lobby in Brussels for policies to assist...
2009-12-22 08:07:09
Mitsubishi delivers only 18 [Shipbuilding]
Japanese shipbuilder Mitsubishi Heavy Industries (MHI) has completed only 18 newbuildings in 2009, down from 21 in 2008. There were no boxships on that list, compared to five a year earlier. The total deadweight tonnage of completed vessels was do...
2009-12-22 08:04:21
Hellenic 75% stake sale [General]
Germany’s ThyssenKrupp will sell 75% of its Greek unit Hellenic Shipyards to Middle East shipbuilder Abu Dhabi Mar. The UAE company has been selected as the preferred bidder for the stake. ThyssenKrupp decided to sell the yard earlier this year,...
2009-12-22 07:34:21
Gdynia dock remains unsold [General]
The dry dock at Poland’s Gdynia Shipyard remains unsold after the latest round of asset auctions. Crist, a shipbuilder and repairer from neighboring Gdansk, had originally lined up a PLN 140m ($49m) bid for the massive 380-metre by 70-metre faci...
2009-12-22 07:29:24
STX special finances [General]
South Korea’s STX Pan Ocean is establishing three special purpose companies (SPCs) to borrow money for bulker newbuildings. The entities, named POS Maritime SY, POS Maritime RY and POS Maritime QY, will finance existing orders. STX will guarante...
2009-12-22 07:27:27
DSIC offshore boost [Offshore]
Dalian Shipbuilding Industry Co (DSIC), an offshoot of China Shipbuilding Industry Corp, expects the shipyard to post a 20% increase in net profit to Yuan1.7bn ($250m) this year, due to the strong performance of its offshore business. Although the...
2009-12-22 07:24:40
Royal financing for cruiseship [Finance]
Royal Caribbean Cruises (RCCL) has secured over $1bn in financing for a cruiseship newbuilding due to be delivered next year. Banking giant Citi has this time joined a list of other large financiers recently used by the cruise outfit in a similar ...
2009-12-22 07:21:20
Pipavav panamaxes at risk [Shipbuilding]
Golden Ocean and Indian shipbuilder Pipavav Shipyard are working to prevent a newbuilding contract dispute from ending in an arbitration hearing. Pipavav says a customer who ordered six panamaxes at the shipyard has referred the contracts for arbi...
2009-12-22 07:18:12
PDVSA orders 66 newbuilds [Shipbuilding]
Venezuela's state-run oil company Petroleos de Venezuela (PDVSA) announced that it has ordered 66 workboat newbuildings worth $500m from an Argentine yard. The deal involves 50 5,000-cbm tank barges, 10 9,000-hp tugs and six bunkering tankers. Un...
2009-12-22 07:14:05
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