Hyundai wins seven in 2009 [Shipbuilding]
Hyundai Heavy Industries, the world’s largest shipbuilder, said in an investment report that it has received new orders for a total of seven ships by August this year. Although the South Korean shipbuilder ended orders drought in July, a full re...
2009-10-05 06:34:53
Hyundai Mipo resumes order intake [Shipbuilding]
South Korea’s Hyundai Mipo Dockyard is said to have received an order for the construction of two 1,000-teu containerships from a Greek shipowner, foreign sources report. The price of the newbuildings and delivery dates are not immediately avail...
2009-10-05 06:31:12
LNG newbuilding market unclear [Offshore]
There have been no LNG carriers ordered so far this year and it is unclear where and when future orders will come from. No LNG carriers have been ordered this year and apart from a lone, long-awaited Chinese newbuilding to be ordered at Hudong-Zho...
2009-10-02 12:42:18
Chinese yard Hongguan stops operation [Shipbuilding]
Singapore-based Pacific Carriers Ltd (PCL) is reportedly turning to Taizhou Kouan Shipbuilding for newbuildings after a cash-strapped Chinese yard halted the construction of its multipurpose (MPP) vessels. Sources say activities at financially tro...
2009-10-02 12:29:41
Majors not delaying Zim boxships [Shipbuilding]
Well-placed sources say South Korean top shipbuilders have not given Zim Integrated Shipping Services (Zim) the approval to delay boxship deliveries by two to five years, foreign media reports. They say both Hyundai Heavy Industries and Samsung He...
2009-10-02 12:19:11
ABG gears up takeover war [Finance]
India’s ABG Shipyard is preparing the ground for a potential takeover of the compatriot shipowner Great Offshore by increasing borrowing limits. The shipbuilder will seek shareholders' backing to borrow up to INR 120bn ($2.51bn), up from INR 75b...
2009-10-02 07:44:07
Nasco buys resale trio [Finance]
Chinese shipowner Nanjing Ocean Shipping Co (Nasco) is said to have splashed out over $80m on bulker resales. The owner picked up three supramaxes which are nearing completion at Zhejiang Zhenghe Shipbuilding, brokers say. Nasco has paid $29m for ...
2009-10-02 07:42:30
Modec, lowest bidder for Petrobras FPSOs [Offshore]
Japan's Modec and Brazil's Schahin have offered the lowest bid in a tender to provide two FPSOs for Petrobras. A venture between the floating production unit player and the Sao Paulo-based conglomerate has offered a day rate of $576,140 for the fi...
2009-10-02 07:40:18
Oceania extends option [Equipment]
Oceania Cruises announced Thursday that it has secured a year extension on an option to build a third cruiseship at Fincantieri. In a terse announcement, the Miami-based cruiseship owner did not give details of the deal with the Italian yard group...
2009-10-02 07:38:59
Oversupply of 100 suezmaxes expected [Shipping]
Tanker market is expected to see further oversupply of suezmaxes in the years ahead, overseas media quoted the Frankfurt-based DVB banking group as saying. The bottoms surplus of suezmaxes is reportedly projected to exceed 100 units in 2012. The n...
2009-10-02 07:36:08
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