MOL and Baosteel closer [Shipping]
Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) has announced an agreement with China’s Baosteel Group Corporation to further strengthen the companies’ cooperative relationship. The agreement was reached at a meeting last week between MOL President...
2009-10-21 00:21:33
India yards concentrate on repairs [General]
India’s shipbuilding companies which are in the doldrums now because of the global economic meltdown that has whittled down orders for newbuildings have begun to focus on repairs in a big way. Since newbuilding orders for bigger ships are dryin...
2009-10-21 00:19:06
Shell to order min.3 LNG-FPSOs [Offshore]
Shell will build at least three LNG-FPSOs for $5bn each at Samsung Heavy Industries of South Korea, a Technip SA source claims. The oil major had said its initial order in July for a mammoth floating production storage and offloading (FPSO) unit a...
2009-10-21 00:16:09
CSSC builds offshore plant hub [Offshore]
China State Shipbuilding Corp is set to invest up to Yuan43bn ($6.3bn) to develop an offshore facilities base in Zhuhai, Guangdong province. Under the plan, CSSC would build eight offshore product shipyards in Gaolan Harbor, a deepwater port in Zh...
2009-10-21 00:14:34
KORMARINE holds trade talks [Equipment]
‘Marine Week 2009 Foreign Buyers Invitation Trade Talks’ will be held at convention hall No. 201-204, BEXCO in Busan city, South Korea on October 22nd and 23rd. The trade consultation is to expand Busan-located marine equipment makers’ expor...
2009-10-21 00:12:36
‘Marine Week 2009’ Open [General]
Asia’s largest marine exhibition ‘Marine Week 2009’ opens at BEXCO in Busan, South Korea on October 21st (today). The biennial international show to be held until October 24th consists of three main exhibitions, namely ‘KORMARINE’, ‘Naval...
2009-10-21 00:09:19
STX authenticated as sustainable company [General]
South Korea’s STX Group said Wednesday that STX Corporation, STX Offshore & Shipbuilding and STX Engine have been selected as authenticated companies at the ‘DJSI Korea (Dow Jones Sustainability Index Korea) Announcement and Best-run Company Auth...
2009-10-20 14:02:45
Techcross, Tsuneishi ink LOI for BWTS [Equipment]
South Korea’s Techcross, which had developed an anti-explosion-type ballast water treatment system (BWTS) for the first time in the world and signed a supply contract of the systems for two chemical tankers to be built by Japan’s Shitanoe Shipbui...
2009-10-20 11:52:19
CMA CGM loss revealed [Finance]
French container line CMA CGM lost $515m in the first half of 2009, its boss has revealed. Rodolphe Saade also said the owner was still negotiating with banks to restructure debt, in an interview with a local newspaper. Saade said debt was arou...
2009-10-20 07:44:24
Stolt-Nielsen cuts third tanker [Shipping]
Stolt-Nielsen has cancelled third tanker on order at SLS Shipbuilding in South Korea. Oslo-listed Stolt has cancelled a third 44,000-dwt vessel at the yard due to high-profile delivery delays. The ship, which was to be operated in a joint venture ...
2009-10-20 07:42:43
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