Turkish yard Besiktas wins $200m order [Shipbuilding]
At a time when Turkey’s relations with Azerbaijan have grown tense, an Azerbaijani business group signed a lucrative deal with a Turkish shipbuilder, in a sign that business relations between the two sides are as warm as usual. The Palmali Grou...
2009-10-26 14:32:05
Bulgarian President visits Hyundai [General]
Bulgaria’s President Georgi Parvanov (2nd from left in the above picture) with some 70-strong economic mission visited Hyundai Heavy Industries of South Korea on October 26th. Hyundai Heavy vice-chairman Min Keh-sik and Hyundai Heavy president C...
2009-10-26 13:51:15
Chinese to order 76K pair [Shipbuilding]
China Shipping (Group) Company subsidiary China Shipping Development held regular board meeting on October 22nd and passed the bill to build two 76,000-dwt bulkers, local media reported. China Shipping Development said its board of directors has app...
2009-10-26 12:06:37
Danyang wins LPG carriers pair [Shipbuilding]
National Iranian Tanker Co (NITC) has reportedly signed up for two 9,500-dwt LPG tankers at SinoPacific Shipbuilding Group's Yangzhou Dayang with delivery in 2012. No prices have been disclosed. Market sources in the Middle East who closely follow...
2009-10-26 07:23:01
Vinashin wins 16 bulkers [Shipbuilding]
Struggling Vietnam Shipbuilding Industry Corp (Vinashin) has signed a $450m contract with a domestic shipping outfit. Local sources say Trai Thien Group is behind the order, which involves a total of 16 bulkers ranging from 34,000 dwt to 56,000 dw...
2009-10-26 07:20:01
CMB newbuild resales cancelled [Shipping]
CMB's sale of two newbuildings has collapsed, but the Belgian company said Thursday that it has taken a stake in a South American barge venture. As it reported its third-quarter results, the parent of bulker owner Bocimar said losing the sale of t...
2009-10-26 07:17:44
Neorion may buy Hellenic Shipyards [General]
Greece’s Neorion Shipyards said last Friday it could buy rival Hellenic Shipyards. The company, which owns the Elefsis and Syros yards, told the Athens Stock Exchange that it was already in talks to buy the yard from Germany’s ThyssenKrupp. Th...
2009-10-26 07:14:47
Densan buys more newbuilds [Shipping]
Densan Shipping has been linked to a second purchase of supramax bulkers last week. The Turkish owner is said to have purchased two 58,000-dwt newbuildings from Denmark's J Lauritzen. A ship brokerage said Friday that the company is paying $67m fo...
2009-10-26 07:11:33
Dongkuk Steel starts test production [Equipment]
Dongkuk Steel of South Korea has started producing thick plate trial products at the Dangjin plant under construction, it said last week. The plant will start its full operations next year when more than 1 million tons of steel plants will be pro...
2009-10-26 07:09:04
Nordic to focus on specialist ships [Shipbuilding]
Nordic Yards unveiled business plans for Wadan shipyards in Wismar and Warnemünde, Germany, three months after they filed for insolvency, foreign media reports Vitaly Yusufov, managing director of the yards’ new proprietor said the Baltic y...
2009-10-26 07:06:12
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