Japanese wins 95K BC pair [Shipbuilding]
Greece’s Safe Bulkers has splashed out on another two units at an unidentified Japanese shipyard, according to overseas media report. The Polys Hajioannou-led company has taken a pair of 95,000-dwt post-panamaxes, it said in an announcement to ...
2009-12-17 07:29:17
LNG-FSRU talks commence [Offshore]
Negotiations for procuring LNG FSRUs (floating storage & re-gasification units) have begun moving. According to overseas media sources, Indonesian state-run oil company PT Pertamina is planning to procure a minimum of three FSRUs or onboard regas...
2009-12-17 07:14:31
Guangdong vessel exports decline [General]
Shipyards in Guangdong province, one of China’s three main shipbuilding hubs, saw the value of ship exports fall by 4.2% to $1.5bn up to the end of November. The Guangzhou Customs Bureau partly attributed the decline to rescheduled deliveries, ...
2009-12-17 07:11:25
CSIC climbs 14% on its debut [Finance]
China Shipbuilding Industry Corp saw its share price rise 14% on its debut on the Shanghai stock exchange Wednesday, less than the 20% increase forecast by analysts. The stock climbed to Yuan8.41 on opening before falling back to close at Yuan8.3...
2009-12-17 07:07:32
Cosco takes advantage of delivery delay [Shipping]
The first evidence that shipowners are starting to take advantage of delivery delays to modify design specifications is emerging, with Chinese yards prepared to show some flexibility in contrast to some of their competitors, foreign media reports. ...
2009-12-17 07:04:30
GL bags Zhejiang Shipbuilding contract [General]
Global offshore engineering and marine service company Noble Denton, a subsidiary of Germanischer Lloyd, has been awarded a six-figure contract by Zhejiang Shipbuilding Co, Ningbo its failure mode and effects analysis (FMEA) and trials for a dynamic ...
2009-12-17 07:00:36
Chinese orders drop 61% [Shipbuilding]
China's shipbuilders' new orders in the first 11 months of the year fell 61 percent to 22.94 million dwt, the Ministry of Industry and Information Technology said in a statement on its Web site Wednesday. The country finished building 36.54 millio...
2009-12-17 06:57:05
Daewoo inks $300m ro-ro/boxships [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering said Thursday that it has signed a $300m contract on December 16th with Italy’s Ignazio Messina & C. S.p.A. to construct four ro-ro/containerships for delivery between October 2011 and February 2013. The...
2009-12-17 06:53:41
Hyundai-Gunsan launches first ships [Equipment]
Hyundai Heavy Industries, the world’s largest shipbuilder, will hold a launching ceremony on December 18th for the first vessels built at its Gunsan shipyard. The floating ceremony will be attended by Hyundai Heavy Industries group chairman Min ...
2009-12-17 06:26:11
Majors get back [General]
Newbuilding market is expected to be led by large shipbuilders next year which have been comparatively inactive this year in terms of order intakes. Newbuilding prices, which have fallen about 40% against a year earlier, are now believed to have r...
2009-12-17 06:20:15
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