Russia-Korea promotes Roskor Shipyard [Shipbuilding]
South Korea’s Hanaro Shipbuilding is finding collaborative companies to enter Russian shipbuilding market together with. It plans to hold a business presentation in BEXCO on October 21st, the first day of South Korea’s ‘Marine Week 2009’ c...
2009-10-20 06:42:44
Russia shipbuilding to grow 18% [Shipbuilding]
While gloomy prospects for shipbuilding and shipping markets are still dominant among industry players in the wake of the global financial crisis, the Ministry of Industry and Trade of the Russian Federation (Minpromtorg) forecast the total productio...
2009-10-19 13:26:16
Market price wanted for ordered ships [Shipbuilding]
Shipowner Niko Schues of Reederei Laeisz denies his dispute with Nordic Yards (former Wadan Yards) is an attempt to get out of the bad boxship sector. Schues says he is prepared to take delivery of two 2,800-teu boxships for a "market price", even...
2009-10-19 11:50:36
Jinhai wins 21 newbuilds [Shipbuilding]
China's Jinhai Heavy Industry (former Zhoushan Jinhaiwan Shipyard) has received an order for the construction of 21 ships from compatriot Grand China Logistics, local media reported, citing a high-ranking official from the shipbuilder confirming the ...
2009-10-19 11:33:46
Tanker scrapping soars [Shipping]
While fleet oversupply situation is ongoing, tanker scrappings are expected to remarkably increase as many single-hull tankers face demolition age in 2010. The tankers scrapped in September numbered 19 ships totaling 1.54m dwt, bringing the total ...
2009-10-19 11:17:54
First IPO by shipping player in a year [Finance]
NYSE-listed Genco Shipping & Trading, a Greek bulker operator led by Peter Georgiopoulos, announced on Oct. 14 that the company recently established a bulker subsidiary Baltic Trading Limited (BTL) and filed with the Securities & Exchange Commission ...
2009-10-19 07:00:53
STX to raise fund in share sales [Finance]
STX Corporation of South Korea, the holding company of the STX Group, announced on October 12 that the company plans to raise KRW162.5 billion won ($139m) in capital increase through share allotment to stakeholders. Since the turn of 2009, bond i...
2009-10-19 06:58:50
Japanese sound out for new orders [Shipbuilding]
About a year after the Japanese newbuilding market ran into a virtual standstill, some Japanese shipbuilders have begun to sound out owners about possible new orders. According to related industry officials, their offers center on bulk carriers, ...
2009-10-19 06:56:09
EU yards on the brink of closure [Shipbuilding]
European shipbuilders say the eco-bonus scheme they are pushing for does not mean a return to the bad old days of subsidies, foreign media reports If the industry is to survive for more than a year, they will have to convince governments and the B...
2009-10-19 06:54:01
Cochin, FACT sign co-op pact [Equipment]
India’s Cochin Shipyard Ltd and FACT have signed a memorandum of agreement for joint operation of FACT Engineering Works (FEW). Based on the agreement, Cochin Shipyard will place orders for products required for the shipyard with FEW on mutuall...
2009-10-19 06:51:11
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