Daewoo ‘Best Ships’ [Shipbuilding]
Nine ships built by South Korea’s Daewoo Shipbuilding & Marine Engineering are included in the best ships of the year, chosen by leading marine journals, demonstrating the shipbuilder’s superiority. Daewoo said Marine Log and Maritime Reporter...
2009-12-09 11:14:11
PPL Shipyard sells rig [Offshore]
Singapore’s PPL Shipyard has sold a former Seadrill jack-up drilling rig to Vietnamese national oil company Vietsopetro, foreign media reports. The ex-West Elara is a Pacific 375 deep drilling design rig and was one of two jack-ups on order for...
2009-12-09 08:05:10
Hantong lowers newbuilding price [Shipbuilding]
According to local media reports, privately-owned emerging Chinese shipyard Jiangsu Hantong Ship Heavy Industry has altered the contract for three 57,000-dwt Handymax bulkers concluded with Singapore-based Da Sin Shipping, the bulker operating subsid...
2009-12-09 08:02:36
DSIC bolsters non-shipbuilding [General]
Dalian Shipbuilding Industry Co, an affiliate of state-owned China Shipbuilding Industry Corp, is set to increase its involvement in non-shipbuilding businesses after its newbuilding division was hard hit by the global financial crisis. DSIC vice...
2009-12-09 07:51:48
ThyssenKrupp in HDW sale talks [Finance]
Germany’s ThyssenKrupp is in talks over a part-sale of its shipyard HDW in Kiel to Abu Dhabi Mar. The Abu Dhabi-based shipbuilder could take a stake of just under 25%, which would leave control in German hands, according to local newspaper repo...
2009-12-09 07:46:18
Seaborne trade hits all-time high [Shipping]
Seaborne trade reached an all-time high last year, according to an annual survey from the United Nations Conference on Trade and Development. However, at 3.6%, the rate of growth in 2008 was weaker than that seen in 2007, Unctad’s Review of Mar...
2009-12-09 07:43:24
Greek control 17% of tanker orderbook [Shipping]
Hellenic tanker owners have reiterated their leading position in terms of their share of the total tanker fleet, controlling 18% of the current world fleet and 17% of the outstanding tanker orderbook, said a report by Gibsons. “Hellas’ domination...
2009-12-09 07:39:50
Grand China ups stake in Jinhaiwan [Finance]
Grand China Shipping (GCS) is poised to increase its stake in Zhoushan Jinhaiwan Shipyard amid rumors that the yard is experiencing severe financial problems. GCS is to pump more of its seemingly endless resources into the Zhejiang yard by upping...
2009-12-09 07:36:35
Mipo allows ship type change [Shipbuilding]
A mystery shipowner has upped the contract value of a four-ship order at Hyundai Mipo Dockyard of South Korea after replacing two tankers with gas ships. The unidentified European, which had originally signed contracts for a products tanker quart...
2009-12-09 07:33:29
Brazil yards win orders [Shipbuilding]
Maua Shipyard will build three products tankers to be chartered to compatriot Petrobras, an official from the Brazilian state-owned oil company said Tuesday. Petrobras logistics manager Carlos Bellot also confirmed at a press conference that Span...
2009-12-09 07:29:46
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