Bangladesh wins $14m ship export order [Shipbuilding]
Bangladesh has bagged export order of oceangoing ships and two tankers worth $14 million in the shipbuilding fair held in India recently. Each vessel has the capacity of 5000-deadweight tonnage (DWT) and each tanker 1500 cubic meter, highest capa...
2009-12-11 08:16:05
Rongsheng output to double [Shipbuilding]
China’s largest private shipbuilder Jiangsu Rongsheng Heavy Industries said it expects its newbuilding output to increase from 16 this year to 30 ships in 2010. The shipbuilder has delivered 13 vessels comprising 11 156,000-dwt suezmax tankers a...
2009-12-11 08:12:44
CSIC sets date for bond issue [Finance]
China’s state-owned shipbuilding group, China Shipbuilding Industry Corp, is to raise up to CNY 2bn ($290m) through a bond issue the proceeds of which will be used to finance the purchase of steel and equipment for its affiliated shipyards. The one...
2009-12-11 08:11:02
Italy yard workers strike [General]
Shipyard workers in Italy staged an eight-hour strike Thursday, aimed at highlighting falling workloads and widening job cuts in the sector. In Rome, members of the three metalworkers’ unions gathered from yards around the country for a demonstr...
2009-12-11 08:08:13
Hegemann secures bridging loan [Finance]
Struggling German yard group Hegemann is to receive a further €20m ($29.4m) bridging loan from the state of Mecklenburg-Western Pomerania, foreign media reports. In addition, an earlier loan amounting to €28m will be extended, the state’s ec...
2009-12-11 08:05:58
Keppel wins $115m contracts [Offshore]
Singapore’s Keppel Corp said Thursday that it has won three offshore related contracts worth SGD160m ($115m) in total. The first, worth SGD104m, involves the conversion of a suezmax tanker into an FPSO for EOC subsidiary Emas Offshore Constructi...
2009-12-11 08:01:50
Nauta sells bonds to fund Gdynia buying [Finance]
Polish shiprepairer Nauta has sold bonds worth PLN 120m ($43m) to finance its acquisition of part of Gdynia Shipyard assets. The company sold the two-year notes to the state holding company ARP. Some of the cash will go on developing its yard, ...
2009-12-11 07:56:50
Brazil expands marine fund [Finance]
Brazil is planning to pump BRL 15bn ($8.47bn) into the Merchant Marine Fund (FMM) for shipbuilding industry. Treasury Minister Guido Mantega announced the injection into the FMM as part of a wider package of economic stimulus measures, including a...
2009-12-11 07:53:54
Brazil funds 90% of bulker orders [Finance]
Brazil's development bank Bndes is offering Log-In Logistica Intermodal loan for 90% financing of an order for two bulkers. Log-In said the Bndes has awarded it a contract for a BRL 302m ($171m) loan. The company has ordered two 80,000-dwt bulkers...
2009-12-11 07:48:44
STX France further ties up with Hudong [General]
STX France is exploring the possibility of further co-operation with China’s Hudong-Zhonghua Shipbuilding following completion of the fifth of a series of five LNG carriers built by the Chinese yard with technical assistance from the French builder...
2009-12-11 07:42:50
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