Idled boxship fleet reaches new record [Shipping]
According to AXS-Alphaliner's recent data, the number of laid-up containerships worldwide has hit all-time high again. The statistics show global idled boxship fleet stands at 568 ships as of mid-October, the highest ever. The figure equates to...
2009-10-28 10:13:26
Cancelling costs high [General]
Owners who claim it was easy and free to cancel newbuilding orders are not being entirely upfront, claims shipbroker Alan Marsh, foreign media reports. In reality, owners walking away from orders or looking for delivery delays are coming up agains...
2009-10-28 07:31:27
Guangzhou Shipyard profits improve in Q3 [Finance]
Guangzhou Shipyard International posted improved profits in the third quarter. Hong Kong-listed GSI banked profits of CNY 163.34m ($23.91m) for the three months to 30 September, up 6.38% on the figure seen a year ago. Revenues at the shipbuilde...
2009-10-28 07:29:19
DryShips confident on drillship financing [Finance]
DryShips is fairly confident that it can finance a pair of drillship newbuildings once they land contracts. "In the finance environment we are in currently, contracts are a precondition to getting the financing," Pankaj Khanna said Tuesday in a co...
2009-10-28 07:27:18
Another $172m Brazil yard plan [Offshore]
Authorities are said to be preparing to announce another shipyard project in Brazil. The governor of Pernambuco state, Eduardo Campos, is set to announce a BRL 300m ($172m) facility at the Suape port complex outside of Recife, local media reported...
2009-10-28 07:21:18
Joint newbuilding orders on the wane [Finance]
External equity infusion, an option mulled by some Japanese shipowners in arranging newbuilding orders, and the study of joint ordering by multiple owners are losing momentum. These options surfaced as measures for owners hoping to solve their ow...
2009-10-28 07:18:07
Just nine bulkers demolished in Sept. [General]
Nine bulkers were demolished worldwide in September, according to figures released by Clarkson PLC. Broken down, the scrapped bulkers comprised four Panamaxes and five Handysizes, with no Capesizes and Handymaxes sent to scrap yards. Bulker d...
2009-10-28 07:16:09
Maersk adopts ultra-low speed navigation [Shipping]
Maersk Line will actively implement what it calls an eco-speed policy wherein it reduces engine loads to 10% and operates ships at ultra-low speeds. This enables Maersk to significantly cut down fuel consumption, which it believes will lead to re...
2009-10-28 07:12:56
Seismic survey vessel upgrading spree [Offshore]
Norway’s Petroleum Geo-Services is set to upgrade more of its fleet of seismic survey vessels in preparation for an upturn in offshore exploration. The Oslo-listed company said it will replace ship equipment on three of its ships next year and o...
2009-10-28 07:09:55
Cochin plans new dry dock [Shipbuilding]
India's biggest shipbuilder under state control, Cochin Shipyard Ltd, is talking to potential partners in the defense sector to jointly build a new dry dock at the yard to boost capacity, the Kerala-based firm’s top executive has said. “We ar...
2009-10-28 07:05:19
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