Great Offshore loses newbuild financing [Finance]
India’s Great Offshore has lost INR 3.5bn ($74.46m) of financing for the construction of a rig. Axis Bank has cancelled a deal to finance the newbuilding at compatriot Bharati Shipyard, local media reported. The first rig to be built at the yard...
2009-10-07 07:40:01
Stolt to cancel two more [Shipping]
Stolt-Nielsen is ready to cancel its remaining two 44,000-dwt chemical tankers on order at South Korea’s SLS Shipbuilding due to continued delays in construction of the vessels. The shipowner, which has already axed the first two ships of the se...
2009-10-07 07:36:51
Ancora eyes five new ships [Shipping]
Ancora Indonesia Resources said it will buy five new vessels to boost its bulker subsidiary Ancora Shipping. The coal transport unit already has five ships, local media reported. The quintet of new purchases will cost around IDR 125bn ($12.5m) and...
2009-10-07 07:34:08
Korea Line sells handysize [Shipping]
Korea Line Corp has trimmed its fleet with the sale of a handysize bulker, brokers say. The South Korean shipowner is said to have earned around $14.8m from the deal with a Greek owner. Elmar Shipping is being tipped as the buyer of the vessel. ...
2009-10-07 07:30:59
New facility projects reviewed in India [General]
In India where shipyard construction projects are being reviewed one after another, it appears that another construction plan for a small-size shipyard has been postponed. According to overseas media reports, completion of a shipyard to specialize in...
2009-10-07 07:26:15
Yangfan in legal dispute [General]
German KG financier Fondshaus Hamburg and shipowner NSC have become caught up in a legal dispute with Chinese yard Yangfan over the delivery of a containership newbuilding, according to foreign media report. Fondshaus Hamburg and NSC refused to take ...
2009-10-07 07:24:02
Chinese hunting resales [Shipping]
Chinese shipping circles are awash with talk that the country's major state-players are set to embark on a spending spree, foreign media reports. There were persistent reports ahead of China's Mid-Autumn Festival break, which is now underway, that...
2009-10-07 07:20:55
Assam delays New yard construction [Offshore]
Plans by India's Assam Co Ltd to construct a new yard for building offshore vessels are being put on hold for two years. The company, which has diverse interests in tea plantations and oil exploration, now aims to begin construction at the greenfi...
2009-10-07 07:18:20
Stena secures newbuilding price cut [Finance]
Sweden's Stena Line has reportedly secured a EUR 24m ($35.5m) cut in the price of two large ro-ro passenger ferries at Nordic Yards. Stena recently reached an agreement to continue work on the 62,000-gt newbuildings following the filing for bankru...
2009-10-07 07:09:53
CSBC gets tough on delay requests [Shipbuilding]
Taiwan’s largest shipbuilder CSBC Corp said it would take a harder stance toward shipowners seeking to delay deliveries, foreign media reports. CSBC was hard hit by newbuilding delivery delays in the first seven months this year. Compatriot c...
2009-10-07 07:06:43
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