Shin An names 2nd newbuild [Shipbuilding]
South Korea’s newly-established shipbuilder Shin An Heavy Industries held a naming ceremony for its second newbuilding on October 12th. The christening ceremony was attended by 300 guests including the representatives of the shipowner Stellar Sh...
2009-10-13 06:35:19
Delivery schedule being protracted [General]
As shipowners delay newbuilding deliveries following one after another, South Korean shipbuilders’ order backlogs which were set to run out in three years are now expected to have been stretched for the next five years. Cash-strapped owners have...
2009-10-13 06:31:20
Bulker delivery rate hits lowest [Shipbuilding]
Shipbuilding market continues to face difficulties as newbuilding deliveries markedly lag behind the original schedule. According to Clarksons' statistics released last Wednesday, newbuilding bulker delivery rate in September stood at just 36%, re...
2009-10-12 13:51:05
STX Europe inks ‘green’ PSV [Offshore]
STX Europe announced Sunday that it has received an order for eco-friendly platform supply vessel from Norway’s Deep Sea Supply. The 4,700-dwt ship will have a length of 88 meters, breadth of 19 meters and will be built at the Brazilian yard of ...
2009-10-12 13:09:51
174 bulkers scrapped by Aug [General]
According to statistics by Clarkson Research Services, bulkers demolished globally in the period between January and August 2009 numbered 174 units totaling 7.12 million tons. The 174 units comprised of seven Capesizes (100,000-dwt and larger) of ...
2009-10-12 11:47:26
Mitsui revamps Tamano Works [Equipment]
Mitsui Engineering & Shipbuilding (MES) plans to carry out a major layout change at its Tamano Works for completion by around May 2010. The company has been reviewing the layout of its upstream facilities at the yard since 2008. A new steel plate ...
2009-10-12 11:42:03
ABG no tax tricks [General]
India’s ABG Shipyard has denied any suggestions of tax evasion following a string of raids earlier last week. The shipbuilder’s offices and “the premises” of some officials were searched by the Income Tax Department, the company confirms. ...
2009-10-12 07:14:53
Odebrecht gets drillship loan [Finance]
Odebrecht Oil and Gas scored a $1.5bn credit line Friday to finance the construction of two drillships for Petrobras. The Brazilian drilling unit operator scored the project financing from a group of 14 banks and export credit agencies, local news...
2009-10-12 07:13:12
MAN, Wartsila vie for e-controled engine [Equipment]
MAN Diesel, which boasts a 70-80% global market share of marine diesel engines, is vying neck and neck with Wartsila Corp. for orders for electronically-controlled engines. Wartsila, which has shifted its strategy in favor of e-controlled engines ahe...
2009-10-12 07:09:59
Dayang wins 16 handymaxes [Shipbuilding]
According to a number of information from abroad, Yangzhou Dayang Shipbuilding of China appears to have received its first order for new-type 63,000-dwt Handymax bulkers from French owner Groupe Bourbon S.A. The contract involves 16 units at maximum ...
2009-10-12 07:08:06
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