Demolition of LNG ships rises [Offshore]
Aged LNG carriers are having a tough time in the market. Supply-demand for LNG carriers is gradually improving as a whole, but old LNG carriers have less competitiveness amid ship enlargement tendency of late, and their "purchasers" on the market are...
2009-10-12 07:04:10
Nordic to build canceled boxship [Shipbuilding]
The administrator of the recently sold Wadan Yards (now Nordic Yards) has sharply criticized shipowner F. Laeisz and announced that the yards will continue to build one of the two containerships ordered by Laeisz, foreign media reports. When Wadan...
2009-10-12 07:01:38
STX teams up with Hoegh LNG [Shipping]
STX Pan Ocean Co., South Korea's largest bulk-shipping line, said Thursday that it will launch a liquefied natural gas (LNG)-shipping business with a Norwegian shipping company. Along with Hoegh LNG AS, STX Pan Ocean will participate in an LNG tra...
2009-10-12 06:58:10
Vinashin transfers stake to state firm [Finance]
State-owned Vietnam Shipbuilding Industry Corp., or Vinashin, said Friday it has transferred all its 20.4 million shares in Bao Viet Holdings to a state agency. State Capital Investment Corp., or SCIC, will take over the shares from Monday, the state...
2009-10-12 06:55:50
Pipavav falls below in Mumbai debut [Finance]
Pipavav Shipyard Ltd., an Indian shipbuilder, fell below its offer price on its trading debut in Mumbai Friday after an initial share sale. The shares fell 2.2 percent to 56.7 rupees in Mumbai after rising as much as 62.25 rupees. The company sol...
2009-10-12 06:52:48
Hyundai amends VLCC pair [General]
South Korea’s Hyundai Heavy Industries has been forced to accept another change in newbuilding orders, according to industry sources. Korea Line has amended an order for two very large crude carriers at the yard that will see one of the ships bu...
2009-10-12 06:49:26
Vale eyes local for VLOCs [Shipbuilding]
Vale has launched a tender to potentially build large bulkers in Brazil, a company spokeswoman confirmed Friday. She declined to give any details on the ongoing tender process. The Brazilian miner, which is in the midst of building fleet of owned ...
2009-10-12 06:45:42
Owners criticize Stimulus Package [Shipping]
Shipping companies are leveling criticism at public supports for shipbuilders in many countries. They say fleet oversupply situation would deteriorate if states allocate public funds for newbuilding financing or direct aid for shipbuilders. Shi...
2009-10-12 06:18:23
Hyundai wins Gorgon [Offshore]
Hyundai Heavy Industries of South Korea is expected to win a contract to fabricate liquefaction train modules for Gorgon LNG project in Western Australia. The world’s largest shipbuilder is said to be in the final stage of negotiations with Chev...
2009-10-12 06:11:44
New painting system to be introduced [Equipment]
Ship paints producer Chugoku Samhwa Paints, a joint venture between Japan’s Chugoku and South Korea’s Samhwa Paints, is planning to introduce a new concept painting system in the ‘KORMARINE 2009’ to be held at BEXCO in Busan city, South Korea...
2009-10-09 13:03:59
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