SPP lands two 50K BCs [Shipbuilding]
Greece’s AB Maritime has placed its first newbuilding order for a pair of supramax bulkers at South Korea’s SPP Shipbuilding. Managing director Spyros Vamvakas confirms the company has inked two 50,000-dwt bulkers at the shipyard for $33m each...
2009-11-27 13:26:32
Daoda bags 8 handysizes [Shipbuilding]
Chinese emerging shipbuilder Daoda Heavy Industry has secured a contract to construct handysize bulker series from a European shipowner. Sources say Daoda will build two firm plus six optional units of 35,000 dwt for Hanzevast Shipping of the Neth...
2009-11-27 13:15:26
Mingde inks two 115K BCs [Shipbuilding]
South Korean liner player Sinokor Merchant Marine is continuing to expand its presence in the dry bulk sector. The Seoul-based shipping company has placed an order for a 115,000-dwt bulker plus one option at China's Nantong Mingde Heavy Industries...
2009-11-27 13:05:47
China offshore yard gets final approval [Offshore]
Chinese Ministry of Industry and Information Technology (MIIT) has given the final nod to Cosco Shipyard Group (CSG), a subsidiary of China Ocean Shipping (Group), to build an offshore yard in Qidong city, Jiangsu province. CSG said MIIT had sent off...
2009-11-27 07:16:13
Italian support yet to come [Shipbuilding]
Italian shipbuilding workers’ representatives claimed that a hotly anticipated meeting with government officials had signally failed to come up with significant measures to help ease the mounting pressure on the industry. Though government official...
2009-11-27 07:09:10
Zim joins super-slow steaming [Shipping]
Israeli container line Zim Integrated Shipping Services is the latest carrier to go for super-slow steaming in order to reduce fuel consumption, cut emissions and save money. The line revealed this new move as parent company Israel Corp announced ...
2009-11-27 07:05:46
Nordic eyes double expansion [Shipping]
Danish shipowner Nordic Tankers wants to double the size of its chemical tanker fleet after a merger with rival owner Clipper Group’s chemical tanker operations, foreign media reports Both Danish companies agreed to merge their activities so tha...
2009-11-27 07:02:44
Chinese newbuild jump [Shipbuilding]
The value of ships completed by Chinese shipyards increased 31.5% year-on-year in the first ten months this year to Yuan443.8bn ($65.2bn), according to the Chinese Ministry of Industry and Information Technology. The growth slightly slowed down fr...
2009-11-27 06:59:27
CMA CGM towards debt restructuring deal [Finance]
Negotiations on the restructuring of the $5.6bn debt of French container line CMA CGM looked to be moving forward in a ‘decisive’ meeting at the French finance ministry in Paris. There was confusion, however, over reports that investors had jo...
2009-11-27 06:56:41
Singapore yards check on safety [General]
Putting aside rivalry, teams from 14 shipyards will be visiting and 'checking' on each other's worksites for potential safety lapses and how these can be avoided. They will carry out these 'audits' under the Marine Industry Safety Engagement Team ...
2009-11-27 06:54:14
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