Daeyang Shipyard kicks off [General]
South Korea's Daeyang Shipping has kicked off operations at its new shiprepair yard in China. Daeyang vice-president KH Park said around 1,000 guests attended the yard's recent inauguration and they were impressed with its modern and clean facilit...
2009-10-09 11:47:31
Rickmers to switch boxship for VLOC [Shipping]
Germany’s containership owner Bertram Rickmers is mulling switching an existing newbuilding order to transport iron ore for Brazil’s Vale, foreign media reports Friday. The Hamburg-based owner is set to enter the very large ore carrier (VLOC) ...
2009-10-09 11:24:36
Chinese wins 8 MPPs [Shipbuilding]
Dutch shipowner Spliethoff has ordered six multipurpose (MPP)-newbuildings at China’s Zhejiang Ouhua Shipbuilding. The Amsterdam-based owner has an option for two more of the 12,500-dwt vessels. Deliveries are scheduled from late 2010 through 20...
2009-10-09 11:01:33
Hyundai to win Gorgon project [Offshore]
The world's largest shipbuilder Hyundai Heavy Industries of South Korea is poised to win a $1bn-plus contract to fabricate 175,000 tons of liquefaction train modules for Chevron's Gorgon LNG project in Western Australia. Industry sources say a for...
2009-10-09 10:45:00
Hapag-Lloyds gets cash injection [Shipping]
Hapag-Lloyds' key shareholders are set to inject fresh funds into the struggling containership owner after it secured financing from the state last week. TUI and the Albert Ballin consortium will push EUR 923m (1.36bn) into Hapag, to strengthen it...
2009-10-09 08:10:10
ABG Shipyard raided [General]
Indian officials have raided the offices of ABG Shipyard amid accusations of tax evasion. Investigators began searching ABG offices at 06:00 local time on October 7th and several documents have been ceased, according to local press reports. Top ma...
2009-10-09 08:08:03
Todd the only bidder [General]
Todd Shipyards is once again the only bidder to construct two vessels for Washington State Ferries. And the state ferry operator appears likely to accept the $114m bid, which came in $4.3m above the state's estimate, local media reported Thursday....
2009-10-09 08:02:10
CMA CGM H1 losses hit $515m [Finance]
Auditors for cash-strapped container line CMA CGM have reportedly raised concerns about its ability to continue as a going concern if it fails to win waivers on the conditions of loan covenants from its creditor banks. The French group, which brok...
2009-10-09 08:00:53
Jinhaiwan delivers first 176K capesize [Shipbuilding]
Zhoushan Jinhaiwan Shipyard, China's largest emerging builder, has delivered the Zosco Jiaxing, the first 176,000-dwt Capesize bulker ever to be completed by the yard, at the end of September. The ship will be owned by Zhejiang COSCO. Zhoushan Jin...
2009-10-09 07:58:43
ABB proposing electric propulsion [Equipment]
ABB Group is actively developing its marine business in Japan. Peter Terwiesch, its chief technology officer (CTO), recently came to Japan and talked about the company's state. With regard to the enhancement of energy efficiency, he stressed that ...
2009-10-09 07:56:56
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