Samsung cruiseship dream realized [Shipbuilding]
Samsung Heavy Industries is now a step closer to realizing its dream of entering the cruiseship construction market. The South Korean shipbuilder said early this week that it has signed a deal with US-based cruise and hotel operator Utopia Reside...
2009-12-04 12:50:39
STX markets canceled cape at $60m [General]
STX Offshore & Shipbuilding is said to have put up a capesize newbuilding for sale at cut prices. Chinese and European shipowners are said to have been in the running for the cut-price capesize from the South Korean shipbuilder. It is understo...
2009-12-04 12:39:46
Mitsubishi doubles bond sale [Finance]
Japan’s Mitsubishi Heavy Industries (MHI) has doubled the size of its recently-announced bond sale, now aiming at netting over $1bn. The Japanese shipbuilder is to sell both five- and ten-year bonds in a bid to reap JPY 100bn ($1.14bn). MHI’s ...
2009-12-04 07:32:25
Cruiseship orders resume [Shipbuilding]
Negotiations for large-size cruiseship newbuildings, which had entered a respite due to the global recession, have sprung back to life. Aside from the Carnival Group, the world's largest cruise operator, deciding to order newbuildings after a hia...
2009-12-04 07:28:56
Oceanteam delays order [Offshore]
Norwegian shipowner Oceanteam has postponed exercising an option to order a new offshore support vessel from a Spanish shipyard. It is now negotiating a long-term charter deal and finance for the offshore vessel. Oslo-listed Oceanteam was consi...
2009-12-04 07:22:38
Nantong to win five 57K bulkers [Shipbuilding]
China Dalian International Corp (Group) is set to order five 57,000-dwt supramax bulkers at a cost of $141m from Jiangsu Nantong Ship Heavy Industry. The Shenzhen-listed company said it would seize the opportunity presented by the downturn in the ...
2009-12-04 07:20:37
Precious to order cement carriers [Shipping]
Thai bulker owner Precious Shipping is in negotiations with shipbuilders over orders for three cement carriers and an option for a fourth ship that would be placed on long-term charter for up to 25 years. This follows the signing of time charter c...
2009-12-04 07:16:25
France seeks shipbuilding protection [Shipbuilding]
France is to press the European Commission to consider creating a ‘commercial defense’ mechanism to help European shipbuilding resist the challenge posed by its foreign competitors, foreign media reports. Prime Minister François Fillon sai...
2009-12-04 07:13:12
German owners call for support [Shipping]
German shipping industry needs government support to survive the crisis, syas Michael Behrendt, chief executive of Hapag Lloyd and head of the German shipowners’ association VDR. “We have to survive a foreseeable period of two, maybe three yea...
2009-12-04 07:09:30
China faces shipyard glut [Shipbuilding]
China, the world's second- biggest shipbuilding nation, will face a capacity glut from 2011 after yards work through existing orders and shipping lines slow new orders, according to a government official. Insufficient demand will be a 'major prob...
2009-12-04 07:06:23
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