Seabulk gives up selling newbuild trio [Shipping]
Norwegian DIS (limited partnership) company Asian Bulkers, managed by Seabulk in Oslo, has been forced to change strategy following last year's collapse in bulker values. Three newbuildings ordered by the owner before the crash, on the expectation...
2009-12-15 07:43:43
Bulker orderbook pressure [Shipping]
Freight rates and asset values for owners of small capesize bulk carriers would remain under pressure because of the massive newbuilding orderbook, foreign media reports. Although demand for ships, defined as between 83,500 dwt and 150,000 dwt, is...
2009-12-15 07:39:06
Rongsheng revives IPO plan [Finance]
Jiangsu Rongsheng Heavy Industries has revived plans for its initial public offering with plans for a $3bn listing, probably on the Hong Kong stock exchange as early as the middle of 2010. The China’s largest private shipbuilder originally delay...
2009-12-15 07:32:11
Brazilian inflate gas carrier prices [Shipbuilding]
Brazilian shipbuilders have charged about 20% more than South Korean shipyards to build gas carriers, latest contract prices indicate. Foreign media reported that Estaleiro Itajai, a shipyard in the southern state of Itajai has been contracted at ...
2009-12-15 07:29:35
COSCO eyes solar-panel tankers [Shipping]
The head of the Australian firm Solar Sailor, pioneers of wings covered in solar panels for installation on ships, revealed in an interview with CNN that the world’s largest shipping conglomerate, COSCO is in discussions to add solar wings to many ...
2009-12-15 07:23:24
Nakilat-Keppel new yard to open [Offshore]
Nakilat-Keppel Offshore & Marine (NKOM) is making good progress on a new shipyard facility at Ras Laffan in Qatar, which is also expected to be operational next year. NKOM is a joint venture between Keppel Offshore & Marine and Qatar Gas Transpor...
2009-12-15 07:21:09
EU plans aid scheme [Finance]
European shipbuilders’ representatives met in Brussels to hammer out a campaign plan for the industry as a new team of European commissioners prepares for confirmation hearings early next year, foreign media reports. Speaking in Ancona on Saturday,...
2009-12-15 07:17:45
Hyundai Mipo wins LPG carriers [Shipbuilding]
Latvian Shipping has ordered two liquefied petroleum gas carriers from South Korea’s Hyundai Mipo Dockyard, European brokers say. About two months ago, the shipowner announced its strategy to focus on owning oil product tankers by selling of its...
2009-12-15 07:14:06
Ulstein inks $70m ship designs [Shipping]
Ulstein Design has signed six ship design contracts with Brazilian ship owners CBO and DSND Consub totalling over NOK 400 million ($69.4m), as the company taps into a lucrative and growing market area. The contracts are for the delivery of design...
2009-12-15 07:09:01
Samsung confirms suezmaxes [Shipbuilding]
Samsung Heavy Industries confirmed that it has signed a contract last week with Centrofin of Greece to build three suezmax tankers. However, the South Korean shipbuilder told Asiasis that the ship prices are about $65m each, not $62m as reported e...
2009-12-15 06:59:19
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