Baosteel cuts steel prices in Nov [Equipment]
While Chinese steel industry is faced with high stock rate situation amid demand slump, the country's largest steel maker Baosteel Group announced on October 10th that it will lower steel prices as of coming November. It is said that the steel sup...
2009-10-14 14:17:48
Daewoo builds ‘Low-Carbon’ plants [General]
South Korea’s Daewoo Shipbuilding & Marine Engineering said on October 14th that it has signed a contract with Norway’s Sargas AS to jointly develop thermal power generation facility which cuts CO2 emissions. Sargas has technology to collect a...
2009-10-14 13:02:23
Vyborg performance to improve [Finance]
Russia's Vyborg Shipyard expects to post RUB 32bn ($1.08bn) in revenues this year. That would be 150% more than in 2008, general director Valery Levchenkov told reporters. He said most of the cash would come from a contract with Gazflot for whi...
2009-10-14 11:58:09
STX wins 6 wind turbines [General]
STX Business Group of South Korea has won its first order for wind turbines after acquiring Harakosan Europe B.V. STX said Wednesday that it has signed a contract with Romania’s Atra Eco on October 12th to supply six 2MW wind turbines. The wi...
2009-10-14 11:22:01
Fabrication shop of Cochin opened [Equipment]
The Union Shipping Secretary, Mr A.P.V.N. Sharma, has inaugurated the small ship division fabrication shop of Cochin Shipyard Ltd as part of its expansion plan for concurrent construction of commercial ships, together with the aircraft carrier for th...
2009-10-14 08:53:37
Flotels secure $100m financing [Finance]
Ocean Hotels has won a $100m deal to finance two newbuilding accommodation vessels at Davie Yards, foreign media reports. The Cyprus- and Oslo-based owner says the 12-year loan from Export Development Canada will be secured by a first-priority mor...
2009-10-14 08:31:43
Todd wins car ferry duo [Shipbuilding]
Washington State Ferries (WSF) said Tuesday it has signed a contract with Todd Shipyards to build two 64-car ferries. The decision comes after the Seattle shipbuilder submitted the lone, $114m bid to build the vessels, which also have capacity for...
2009-10-14 08:29:11
140 new chemical tankers hit the water [Shipbuilding]
According to statistics released by U.K. shipbroker Clarkson PLC, 140 10,000-60,000-dwt chemical tanker newbuildings (including special-tank ships) totaling 3.1 million dwt were completed in the first eight months (January-August) of 2009. This me...
2009-10-14 08:27:06
Bulker tonnage glut worried [Shipping]
With a massive volume of bulker newbuildings due for completion in 2010, players on the global charter market are getting increasingly wary about ramifications of a possible tonnage oversupply. Initial signs of their reaction are evident in the t...
2009-10-14 08:24:33
Italian yards discuss state aid [Shipbuilding]
The Italian shipbuilding industry’s leading figures will convene in Rome Wednesday for talks with government ministers amid the prolonged economic crisis, foreign media reports. Among those attending the crisis talks at the industry ministry wil...
2009-10-14 08:21:53
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