DryShips cancels Kamsarmax pair [Shipping]
DryShips is said to have cancelled an order for a pair of kamsarmax bulkers contracted at a Chinese yard. The Nasdaq-listed bulker and drilling unit owner had purchased the 82,000-dwt bulkers in a resale deal two years ago. Asked about the ships d...
2009-10-28 07:02:48
KORMARINE trade meeting successful [Equipment]
‘Marine Week 2009’ foreign buyers invitation trade consultation meeting was held on October 22nd and 23rd at BEXCO in Busan city, South Korea, which was organized by Busan city, Busan Economic Promotion Agency and the Busan Marine Equipment Assoc...
2009-10-28 06:32:48
SLS cancels New factory [Shipbuilding]
South Korea’s SLS Shipbuilding recently announced that it has requested for a cancellation of a contract to move onto a 288,224㎡ site for a ship-block factory in Gunjang National Industrial Complex, Gunsan city, North Jeolla province. It had i...
2009-10-28 06:27:40
Hyundai Mipo delivers its first PCTC [Shipbuilding]
South Korea’s Hyundai Mipo Dockyard has recently delivered its first pure car/truck carrier (hull no. 8032) to its shipowner. The newbuilding is the first of the four 3,500-unit PCTCs ordered by Vroon at the yard. It has a length of 168 meter...
2009-10-28 06:23:11
Vinashin turns to Vinalines [Shipbuilding]
Vietnam Shipbuilding Industry Corporation (Vinashin) is depending on orders from state-owned Vietnam National Shipping Lines (Vinalines) to keep its yards busy past 2010. Vinashin, which operates a network of 20 shipyards across Vietnam, has exper...
2009-10-27 14:23:20
Daewoo inks four 400K VLOCs [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering of South Korea has received an order for four 400,000-dwt bulk carriers from an Asian shipowner for around $460m. The newbuildings will have a length of 362 meters and a breadth of 65 meters and will be the...
2009-10-27 11:51:20
DryShips beats forecasts [Finance]
DryShips reported a plunge in the third quarter profits Monday, but the figures were higher than the forecasts from Wall Street. Chief executive George Economou also revealed expectations of strong bulker demand ahead, although he expressed worrie...
2009-10-27 07:38:02
Otto Marine disputes order cancellation [Offshore]
Singapore’s Otto Marine is again quarreling with GC Rieber over the cancellation of a newbuilding at its Batamec yard, media sources report. Otto is taking Polar Marine II – a venture in which it has a 49% holding and Rieber a 51% stake &#...
2009-10-27 07:36:07
Bharati revenues up [Finance]
India’s Bharati Shipyard posted increased first-half profits as revenues rise. The offshore vessel specialist said net earnings to 30 September were INR 699.3m ($14.99m), compared to INR 628.4m in the previous year. Revenues climbed to INR 6.2bn...
2009-10-27 07:33:33
Sovcomflot resales endorsed [Shipping]
Resale of at least some tanker newbuilding contracts to companies associated with Yuri Nikitin was in the best interest of Sovcomflot, the company’s former legal chief conceded. Under cross examination Nikolay Lipka was led through a deal under ...
2009-10-27 07:31:44
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