Korean spooked.. [Finance]
Prospective newbuilding cancellations by CMA CGM mauled the share prices of South Korean shipyards Wednesday. Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries all saw their market values sliced as new...
2009-10-01 07:37:01
Transpetro holds tanker orders at local [General]
Transpetro is awaiting a decision from its parent on how a two-year-old fraud investigation will impact a potential order of three products tankers under negotiation with Maua Shipyard. "We have to wait and see," a spokesman for the Petrobras ship...
2009-10-01 07:34:32
VLGC rates up before winter season [Offshore]
The large LPG carrier (around 80,000 cbm; VLGC) market is rising. Seasonal factors such as the winter LPG demand season and increasing demand for spot transport in Qatar and Abu Dhabi are contributing to the market upswing. Middle East-Japan spot ...
2009-10-01 07:29:23
Owners lay up more [Shipping]
The number of containerships put on hold at sea by shipowners has reached its highest-ever level with a total capacity of 654,000 TEUs. According to findings by French maritime consultant AXS Alphaliner, this is the first time ships laid up by shipow...
2009-10-01 07:26:57
Sanoyas develops eco-bulkers [Shipbuilding]
Japan’s Sanoyas Hishino Meisho will develop new types of environment-friendly ships in both the 83,000-dwt and 120,000-dwt categories, according to Takashi Ueda, president, and other officials of the company at the press briefing held in Tokyo on S...
2009-10-01 07:24:18
German shipbuilding shrinks [General]
Employment in the German shipbuilding industry reached a historic low this year, according to an annual survey published by German trade union IG Metall and Bremen-based research institute IAW. The survey found a 15% drop in overall employment at ...
2009-10-01 07:21:32
Fincantieri fails to win option [Shipbuilding]
Italian state-owned shipbuilder Fincantieri, which is already struggling with declining workloads, faces another blow with sources suggesting Oceania will not exercise an option for a third cruiseship, foreign media reports. Two years ago, Oceania...
2009-10-01 07:19:17
CMA CGM heads to Korea [Finance]
French liner CMA CGM, stuck with one of the largest containership orderbooks in the world, has had to get creative to finance all the newbuildings. It has just reached agreement on the establishment of a committee comprised of French, European an...
2009-10-01 07:16:55
TKMS sells part of Nordseewerke yard [Finance]
The supervisory board of ThyssenKrupp Marine Systems, the shipbuilding business of German industrial conglomerate ThyssenKrupp AG's, approved the partial sale of its Nordseewerke business in Emden despite opposition from labor representatives, labor ...
2009-10-01 07:14:58
Hapag-Lloyd state aid delayed [Finance]
Germany’s budget committee has delayed a decision on whether to grant loan guarantees to loss-making container line Hapag-Lloyd. The committee said on Wednesday the cash plea from the company was opaque and could lead to the misspending of taxpa...
2009-10-01 07:11:28
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