Sietas builds two dredgers [Shipbuilding]
German shipyard Sietas in Hamburg-Neuenfelde and VOSTA LMG are coming together to build two trailing hopper suction dredgers for Josef Möbius Bau-AG. The contract is part of the shipyard’s current order balance of seven special ships. It is...
2009-10-13 07:38:00
Malaysian secures FPSO financing [Offshore]
Malaysia’s Bumi Armada has secured funding worth $190m to finance an FPSO being converted for work off Nigeria. The five-year limited recourse loan facility was secured from a club of seven mandated lead arrangers. SMBC acted as structuring bank...
2009-10-13 07:34:39
STX denies VLCC sale [General]
STX Pan Ocean of South Korea has denied reports it has sold a single-hull VLCC. The shipowner is said to have offloaded the 261,000-dwt Crystal Beauty (ex Front Tobago, built 1993), but STX says it has no links with the vessel. A spokesperson says...
2009-10-13 07:32:21
Zim mulls more liquidity injection [Finance]
The Ofer family is considering a further cash injection into beleaguered container line Zim as it looks to pacify angry bondholders. It is ready to push another $100m into the company after bondholders hit back at proposals to defer payments for u...
2009-10-13 07:26:55
Norsk face bankruptcy threat [Offshore]
Norway could see more shipyards and engineering firms go bankrupt if the offshore orders do not pick up soon, a national agency warns. Earlier in the year a privately owned shipbuilder, Karmsund, went bust when clients were unable to honor existin...
2009-10-13 07:24:23
Hegemann faces restructuring [Finance]
An agreement is set to be reached soon over the restructuring of struggling German shipbuilder Hegemann, foreign media reports. Government spokesman Gerd Lange confirmed that the state of Mecklenburg Pomerania would provide an emergency loan to ke...
2009-10-13 07:21:20
ABG defaults Rs122 crore in taxes [General]
The Mumbai Income Tax department said it has found undisclosed income of about Rs122 crore ($26m) after a two-day search of the Mumbai, Dahej, Bhuj and Surat offices of ABG Shipyard Ltd earlier this week. “We have found undisclosed income of about ...
2009-10-13 07:17:37
Vyborg revenue to rise to RUR 32bn [General]
Vyborg Shipyard OJSC predicts its 2.46-time revenue increase to RUR 32bn ($1.08bn) as of 2009 results, Valerii Levchenko, General Director of the shipyard informed journalists on the matter. As per Levchenko, incomings on Gasprom’s orders made ...
2009-10-13 07:15:22
Warning of overcapacity [Shipping]
The annual container-shipping market review by Drewry Shipping Consultant suggests the market has bottomed out and expects global traffic to recover a little in the second half of the year. Yet it cautions that any improvement needs to be set agai...
2009-10-13 07:11:16
Chinese backlog slightly up [Shipbuilding]
According to statistics compiled by the Ministry of Industry and Information Technology of China, the country's shipbuilders have completed 27.78m dwt of newbuildings in the first nine months of this year, jumping 65% against a year earlier. New o...
2009-10-13 06:41:26
Start  Prev  4601  4602  4603  4604  4605  4606  4607  4608  4609  4610  Next  End
« 2024 - 5 »
Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
Most Read Articles
There is no data
Related Media News
Navy Chooses Evolution Over Re…
Women encouraged to take up sh…
$765M Research Vessel Highligh…
Latest NB Fixtures
STX, up to 3 tankers
DSME, 3 VLGCs
DSME, 10 VLCCs
Column/Contribution
Steps toward Operational Excellence in Shipbuilding: Elimina…
Reportage/Interview
[Interview: Danfoss Group] "NB market to be recovered"