Norwegian cancels handymax order [Shipbuilding]
Norway’s Seven Seas Carriers has cancelled a handymax bulker order after reaching an agreement with Yangzhou Dayang Shipbuilding in China. The shipowner will not take delivery of the first of two 58,000-dwt bulkers it had on order at the yard fo...
2009-12-14 11:59:21
India yard subsidy 1 year later [Finance]
Indian shipbuilders may have to wait up to one year to secure government support aimed at boosting their orderbooks, foreign media reports. But they remain confident that an aid package will eventually come through. It was reported last week that ...
2009-12-14 11:45:46
Glenda switches to larger vessels [Shipping]
Glenda International, the D’Amico/Glencore joint venture, is increasing the size of two tankers on order at Hyundai Mipo Dockyard of South Korea at no extra cost. D’Amico said Friday that Glenda had converted orders for two 46,000-dwt product/...
2009-12-14 08:04:52
WIS wins rig repair [General]
Western India Shipyard (WIS) has won a rig repair contract worth INR 50m ($1.07m). The company will work on the JUR Noble Ed Holt, a 1981-built 300-foot jack-up owned and operated by Noble Drilling. The yard increased its losses in the first ...
2009-12-14 08:01:23
Mipo earns $200m through order changes [Finance]
South Korea’s Hyundai Mipo Dockyard has bagged over $200m as two Asian shipowners made amendments to 14 newbuildings which have also been delayed. The South Korean shipyard has flagged a further 15 delivery delays on a day it already announced a...
2009-12-14 07:59:51
Ship financing remains tight [Finance]
In Europe, the center of ship financing, financial institutions remain generally hesitant to provide fresh loans to shipowners. There are bright signs indicating that some banks specializing in ship loans have begun to step up their lending activ...
2009-12-14 07:57:20
Italy yard crisis meeting delayed [General]
Italy’s ministry of economic development has postponed until December 18 a key meeting designed to address the crisis affecting the country’s shipbuilding industry. In a statement, the ministry gave shipbuilders around the country, as well as ...
2009-12-14 07:54:58
CSC Jiangsu achieves record revenue [Finance]
CSC Jiangsu Jingling Shipyard, a shipbuilding subsidiary of shipping line China Changjiang National Shipping (Group), has generated record revenue of Yuan2.1bn ($313m) this year after a surge in the number of vessel deliveries, foreign media reports....
2009-12-14 07:46:54
Carnival’s option at Fincantieri [Equipment]
Carnival Corp, which recently placed an order for a 130,000-gt cruiseship at Italian state-owned shipbuilder Fincantieri, is also understood to have an option on a second vessel, exercisable by June of next year. Sandro Bianchi, national shipbuild...
2009-12-14 07:43:49
DSIC and Rongsheng enter LNG ship sector [Offshore]
A report in the China Daily hints at two more yards on the mainland readying to enter the LNG carrier construction business, on the back of huge gas demand in the world’s most populous nation. Statistics from Customs show that China imported 4....
2009-12-14 07:41:53
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