Fittest shipbuilders to survive [Finance]
The next couple of years will be tough for shipbuilders across the world and only the fittest would survive, DVB Bank said Tuesday. Geir Sjurseth, the Managing Director and Global Head of Offshore for the lender that specializes in transport finance,...
2009-10-08 14:04:31
‘Marine Week 2009’ opens on Oct 21st [General]
Shipbuilding equipment, port, logistics and marine defense exhibition ‘Marine Week 2009’ is to be held at BEXCO in Busan, South Korea from October 21st to 24th. The international mammoth maritime exhibition has incorporated three shows, namely...
2009-10-08 13:50:14
China-Korea hit recovery hopes [Shipbuilding]
China and South Korea’s support for shipbuilders may add to a glut of capacity, slowing a recovery in shipbuilding industries. The world’s two largest shipbuilding nations have taken steps this year to aid shipyards and safeguard jobs as cust...
2009-10-08 09:35:05
Boa Offshore seeking newbuild financing [Finance]
Boa Offshore has been given some breathing space to find financing for five platform supply vessels (PSVs) contracted at Bergen Group. Oslo-listed Bergen has “extended the validity” of the contracts until January 2010, it says. Bergen’s Foss...
2009-10-08 07:35:36
Exmar needs EUR 95m for LNG RVs [Offshore]
Nicolas Saverys’ Exmar is rumored to be eyeing an equity issue to help pay for newbuildings. The shipowner is looking to raise between EUR 75m and EUR 95m ($110m to $140m). Exmar is known to be looking for financing for three LNG regasificati...
2009-10-08 07:32:52
Vale VLOC orders hit 28 [Shipping]
Vale's fleet expansion program now has 28 very large ore carriers (VLOCs) on order, in addition to capesize bulkers, a shipbroking house said Wednesday. Norway's Lorentzen & Stemoco said in a weekly report that the Brazilian miner's bulkers will h...
2009-10-08 07:30:15
Petrobras to float tender for FLNG [Offshore]
Petrobras plans to launch a tender to secure a floating LNG liquefaction unit for pre-salt fields off Brazil, a company official says. The state-run oil and gas company could begin requesting proposals for the unit within the next month, said Petr...
2009-10-08 07:28:06
Hyundai Mipo may review boxship order [Shipbuilding]
It has become a possibility that the contract for two 1,060-TEU containerships ordered by Abu Dhabi National Oil Co from South Korea’s Hyundai Mipo Dockyard (HMD) until last week will be reviewed, according to overseas newspaper reports. The two...
2009-10-08 07:25:57
Capesize sold at price below $50m [Shipping]
Cutting-edge Capesize bulkers are being sold on the market for prices under $50 million. According to an announcement by NASDAQ-listed Greek shipowner OceanFreight, it has purchased a 180,000-dwt ship built in 2005 for $49.5 million. Delivery of the ...
2009-10-08 07:24:28
Oil storage tankers exceed 100 ships [General]
The number of tankers (mainly product carriers) used for oil product storage has now exceeded 100 ships. The anticipation of an increase in demand for oil products has caused an increase in chartered out bottoms, and the tightening up of bottoms ...
2009-10-08 07:22:02
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