Louka Katseli heads Greek shipping [Shipping]
Louka Katseli, a professor of economics, has been sworn in as Minister of Economics, Competitiveness and Shipping in the newly-formed Greek centre-left government of Prime Minister George Papandreou, local media reports. Shipping circles have voic...
2009-10-08 07:20:10
Debut of new container line [Shipping]
Amid the depths of arguably the worst box recession in history a group of pioneers have gathered in Europe to found a new container concern. The Containership Company (TCC) is the name of a new company set up in Copenhagen, which will pick up and...
2009-10-08 07:16:55
CMA CGM tells customers about ... [Finance]
The world’s third-largest container line CMA CGM has written to its customers advising that it has created a committee of its main lending banks to “consolidate the group’s financial position and ensure the financing for its growth strategy”,...
2009-10-08 07:14:19
Deliveries diverge among ship types [Shipbuilding]
An acceleration of newbuilding deliveries sped up growth in the dry-bulk fleet during the third quarter, say analysts from Fearnley Fonds. But it was a different story for the tanker and container sectors where the number of new arrivals is slowin...
2009-10-08 07:11:58
Korea order backlog drops 21.7% [General]
According to Clarkson statistics, South Korean shipbuilders’ combined newbuilding order backlog as of October 1st stood at 55.46m cgt, down by a whopping 21.7% from 70.91m cgt a year ago. Global orderbook shrank by 19.4% in the same period, from...
2009-10-08 06:43:01
Brazilian bonanza for Korean [Offshore]
Brazil’s state-owned oil company Petrobras met with South Korean shipbuilding-related delegate, comprising Kim Tae-ho, the governor of South Gyungsang province and officials from four shipbuilders in the province, in Rio de Janeiro on October 7th a...
2009-10-08 06:37:33
DNV faces “Wind of Change” [General]
On September 25th and 26th, DNV had its annual Korea Technical Committee meeting with major shipbuilding companies. With ACEA (Approval Center for East Asia)’s 25th anniversary celebration, DNV announced its plan for launching new business in Korea...
2009-10-07 14:14:32
Vale to order $1bn 11 bulkers in Korea [Shipbuilding]
Brazil's iron ore exporter Vale expressed its intention to order 11 bulk carriers worth a combined $1bn from South Korean shipbuilders, local newspaper reported on Wednesday. Vale officials plan to visit South Korea to complete the deals with Daew...
2009-10-07 12:05:48
Dubai Drydocks to sign $50m deals [Offshore]
Dubai Drydocks World is to sign three contacts of up to $50m (Dh183.5m) with Abu Dhabi-based national oil firms for newbuilding and maintenance work, said a top executive. "We will soon sign three important contracts valued between $9m and $50m with ...
2009-10-07 11:33:05
Surging Korean won, headache for yards [Finance]
The surge in the Korean won’s value could hinder the performances of Korean companies next year, especially if the won-dollar rate falls to the 1,100 level, a local newspaper-commissioned study said. In developing next year’s business plans, m...
2009-10-07 11:21:02
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