Greenfield yards should be left to private sector [Shipbuilding]
Cochin Shipyard and Hindustan Shipyard have been asked to carry out feasibility studies and help build two new shipyards in India, but being government organization they may not have enough freedom to do justice to the project. The factors govern...
2009-10-29 07:24:31
Bharati expects Sebi approval [Finance]
On a takeover battle with ABG Shipyard for acquiring control of Great Offshore, Bharati Shipyard said that it was expecting the Sebi (Securities and Exchange Board of India) to approve the open offer soon. "We have 23.17 per cent stake in Great Of...
2009-10-29 07:20:53
Transpetro tender delayed again [Offshore]
Brazil’s Transpetro said Wednesday that it has again pushed back deadlines on a tender to provide the owner with eight LPG carrier newbuildings. The Petrobras shipowning arm said it will now give shipyards until 12 November, rather than the prio...
2009-10-29 07:17:26
DryShips confirms cancellation [Shipping]
DryShips confirmed Wednesday that it has cancelled a deal to buy a pair of kamsarmax bulkers under construction in China. In a securities filing, the Nasdaq-listed bulker and drilling unit owner says it reached agreements on October 16th to pay $7...
2009-10-29 07:10:51
China plans large-scale shipbuilding base [Shipbuilding]
China has continued to announce restructuring and development plans for nine major industries including ship, iron & steel, equipment & machinery and oil & chemical industries since the latter half of 2008. In accordance with the national policy, Nin...
2009-10-29 06:39:09
Samsung cancels new shipyard [Shipbuilding]
South Korea’s Samsung Heavy Industries appears to have ditched its second shipyard construction project. The world’s second largest shipbuilder had been planning to construct a shipyard in the country, capable of building VLCCs, but it has rep...
2009-10-29 06:30:21
Chinese steel prices inch up [Equipment]
According to local media reports, Chinese shipbuilding steel plate prices have continued to fall since the turn of October but in the last week of the month they made a small rally. The prices for shipbuilding thick steel plates rose by CNY 20-60 ...
2009-10-28 14:05:34
Japan's big 3 all post H1 losses [Finance]
After bumper profits a year ago, Japan's three major shipping groups all reported losses for the first half of the financial year ended September 30th. MOL lost $108m compared to a $1.4bn profit for the same period in FY 2008, NYK Line lost nearly...
2009-10-28 11:54:42
Bulgaria-Korea eye CNG carriers [Offshore]
Bulgaria's President Georgi Parvanov and his South Korean counterpart Lee Myung-bak have discussed the idea for a joint project for building ships for transporting compressed natural gas in the Black Sea. Parvanov and the Bulgarian delegation vis...
2009-10-28 11:38:54
Mitsubishi still in the red [Finance]
Dwindling sales and a strong Japanese yen continued to hurt Mitsubishi Heavy Industries (MHI) of Japan. The shipbuilder had already dipped into the red in the first quarter and looks like remaining there despite a profitable second period. A revis...
2009-10-28 11:17:53
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