Chinese suffer order cancellations [General]
According to overseas media reports, China's Zhejiang Shipbuilding and Yangfan Group seem to have agreed to cancellation requests from two German shipowners Lloyd Fons Exploration and Vega Reederei respectively for four 118,000-dwt post-panamax bulke...
2009-09-25 07:09:46
Polarizing in ship finance [Finance]
European financial institutions, which used to be active in financing newbuilding programs, are polarizing in their lending stance. Some banks, though not many in number, stay positive to lend out but many other banks are being forced to give up ...
2009-09-25 07:07:16
Wait & See: Japan yards [General]
Japanese shipbuilders may need some more time before resuming their newbuilding marketing activities. Commenting on reports that South Korean and Chinese yards have recently offered prices of $60 million for a capesize bulker order, a Japanese shipbu...
2009-09-25 07:04:26
Navios buys newbuild resale [Shipping]
Navios Maritime continued to expand its fleet with the buying of another newbuilding Thursday. NYSE-listed Navios has paid $36.2m for a handymax bulker which will be delivered immediately from a new Japanese shipyard. It says the purchase of the 5...
2009-09-25 07:01:29
Germanish eye niche market [Equipment]
Shipyards in Germany, Europe's biggest shipbuilding nation, aim to survive the economic slump by focusing on niche products as orders for containerships and other staples dry up, a top executive said. German Shipbuilding Association VSM managing dire...
2009-09-25 06:58:28
Russian mulling southern center [Shipbuilding]
Russia’s state-owned shipbuilding group United Shipbuilding Corporation (OSK OJSC) is to set up Southern Center of Shipbuilding and Ship Repair in 2010, OSK Vice-President Sergei Forafonov said at the ‘NEVA 2009’. According to him, the Southern...
2009-09-25 06:55:11
Euro-Russia share technologies [Offshore]
Russia’s United Shipbuilding Corporation (OSK) has come to preliminary agreements with European companies on sharing of shipbuilding technologies under reasonable terms, said OSK Vice-President Sergei Forafonov at the 10th international exhibition ...
2009-09-25 06:48:09
Zim delays 10,000-teu quartet [Shipping]
Zim has delayed delivery of four containership newbuildings in South Korea. The owner says a 10,000-teu quartet scheduled to be delivered by Hyundai Samho Heavy Industries next year has been pushed back until 2014 and 2015. This latest move, wh...
2009-09-25 06:43:01
Hyundai opens digital "WiBro" [Shipbuilding]
Hyundai Heavy Industries has established a digital shipyard applying WiBro (Wireless Broadband), a wireless broadband internet technology, to its yard site for the first time on the planet. The world’s largest shipbuilder held an opening ceremon...
2009-09-25 06:15:24
Iran to build 25 LNG carriers [Offshore]
Iran LNG Company managing director Ali Kheirandish said as the country's demand for LNG development increases, 25 LNG carriers would be required going forward, local newspaper reported. He said about $200m will be needed to build one LNG carrier on a...
2009-09-24 14:20:59
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