Shin Kurushima adopts SmartMarine 3D [Equipment]
Japan’s Shin Kurushima Dockyard has introduced the CAD software SmartMarine 3D made by Intergraph Corp. of the U.S. The yard aims to shift to the full-fledged use of the SmartMarine 3D by spring of 2012 after customizing the system. Shin Ku...
2009-10-22 11:40:30
Brazilian eyeing two new shipyards [Shipbuilding]
Brazilian billionaire Eike Batista is mulling a plan to build a second shipyard in Brazil. The billionaire's OSX (Offshore Services X), which recently unveiled plans to build its first shipyard in southern Brazil, now plans to invest in a new yard...
2009-10-22 11:04:45
Vale ups logistics spending [Equipment]
Vale has released a $12.9bn investment budget that will hike logistics spending by 20.6% in 2010. The Brazilian miner, which has been busy buying and ordering bulkers and other vessels, will spend $2.65bn in an effort to enhance competitiveness of...
2009-10-21 23:15:13
MOL inks ore deal with Chinese [Shipping]
Japanese shipping giant Mitsui OSK Lines (MOL) has signed a long-term freight contract with the Jiangsu Shangang Group, according to foreign media reports. MOL says it is the first non-Chinese company to strike such a transportation deal with Jian...
2009-10-21 23:12:05
Aker Phil improves [Finance]
Aker Philadelphia Shipyard (AKPS) of the US reported stronger earnings for the nine months to September 2009 on lower costs. The company said net profit to 30 September was $8.4m, up from a loss of $1.2m in the same three quarters of 2008. Reve...
2009-10-21 23:10:22
Cosco delays delivery again [Shipbuilding]
Cosco Corp has delayed delivery of five more bulk carriers at the request of an unnamed European shipowner. The 92,500-dwt post-panamaxes are on order at Cosco (Dalian) Shipyard in China. The orders were placed in October 2007. The delays will be ...
2009-10-21 23:08:38
No signs of recovery yet [Shipping]
APL president Eng Aik Meng has warned it is premature to talk of significant recovery in the containership arena, foreign media reports. Speaking at a conference in Shenzhen, Mr Eng said that while container volumes handled by lines were showing som...
2009-10-21 23:07:12
Chinese buy up more ships than Greeks [Shipping]
Chinese owners are ramping up tonnage to such an extent that they are surpassing their Greek counterparts for the first time this year. Piraeus shipbroker N.Cotzias’s latest figures show that during the first nine months of the year the Chinese...
2009-10-21 23:04:50
China, leading shipbuilding destination [Shipbuilding]
Despite slowdown in shipbuilding industry globally, the Chinese shipbuilding industry has been continuously growing at a descent pace in the backdrop of continuously increasing foreign trade, low labor cost and strong government support. It is expect...
2009-10-21 23:01:22
Full recovery yet to come [Shipbuilding]
Seoul-based Hyundai Securities said Wednesday that shipbuilding stocks could make a rally amid news of new orders in the offshore plant sector but a full recovery of market situation is premature. Hyundai Securities analyst Lee Sang-wha said, “S...
2009-10-21 22:56:28
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