Lay up more... [Shipping]
Container lines need to boost revenue 20 percent and mothball more ships to end losses caused by slumping world trade and overcapacity, according to industry adviser Marsoft Inc. "It is imperative for the liner industry to abandon the price war and r...
2009-10-06 07:11:18
Berlian Laju snaps up Eitzen [Shipping]
Asia’s rise to the top of the shipping heap has once again been clearly demonstrated with the announcement yesterday that one of Indonesia’s best known shipping firms is to buy out a blue-chip Norwegian shipowner. PT Berlian Laju Tanker (BLT) ...
2009-10-06 07:08:02
Optimism in OSV market [Offshore]
Maritime companies expressed optimism about the future growth of the regional support vessel market due to continuing offshore projects and stabilization of crude oil prices, at the opening of Middle East Workboats at the Abu Dhabi National Exhibitio...
2009-10-06 07:05:52
Hyundai Mipo wins two 1,060TEU [Shipbuilding]
South Korea’s Hyundai Mipo Dockyard has broken its orders drought after signing a newbuilding deal with Abu Dhabi National Oil Co (Adnoc). Brokers say the contract is for the construction of two 1,060-teu containerships for delivery in mid 2011....
2009-10-06 07:01:39
Hyundai ranks world’s fifth [General]
US magazine BusinessWeek recently announced the World’s Best Companies/Global Top 40 List 2009, compiled by management consulting firm A. T. Kearney. In the list, South Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder, ranke...
2009-10-06 06:38:40
How far shipbuilding stocks to fall ? [Finance]
Share prices of South Korean major shipbuilding firms are abruptly falling after it was reported that the world’s third largest container line CMA CGM could ask for a debt moratorium. But Seoul-based Kyobo Securities said the plight will be reso...
2009-10-06 06:33:27
Korean may win 11 VLOCs [Shipbuilding]
South Korea’s Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding are expected to win very large ore carrier orders from Brazil, which could amount to 11 units maximumly. According to industry sources, the two shipbuilders a...
2009-10-06 06:27:52
Russia expands Far East shipbuilding [Finance]
Russia's Vnesheconombank is to underwrite $1.6 billion of tanker construction at a shipyard in Russia's Far East. Local media reported Wednesday that Vnesheconombank head Vladimir Dmitriyev informed Prime Minister Vladimir Putin of the bank's pro...
2009-10-05 13:50:51
STX wins $150m special purpose vessels [Offshore]
South Korea’s STX Offshore & Shipbuilding announced Monday that it has received orders for two 11,800-dwt trailing suction hopper dredgers and one 6,500-dwt side stone dumping vessel from Jan De Nul (JDN) Group headquartered in Belgium and Luxembur...
2009-10-05 11:52:58
TB Marine moves Zhejiang vessels [General]
A pair of 19,000-dwt chemical tankers on slipways at China's Zhejiang Hongguan yard for German-Italian interests are to be transferred to another yard for commissioning. Agreement has been reached between the owner/manager - a joint venture betwee...
2009-10-05 07:29:10
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