Owners reject EU yards subsidy call [Shipbuilding]
Europe’s shipowners will oppose any subsidy scheme for European Union shipyards. Stimulating demand for newbuildings with taxpayer money “doesn’t solve their problem and would only make our problem worse,” said the European Community Shipo...
2009-09-23 07:20:26
Freight rates hit bottom [Shipping]
Freight rates for the three main commercial ship types are expected to hit rock bottom this year. Net profits for bulkers kept increasing between March and May, and in June, they jumped by a whopping 264% against January to $20,203 a day. But the ...
2009-09-23 06:55:36
Steel plate over-supplied [Equipment]
Chinese shipbuilding steel plate makers are forecast to face crisis situation going forward as their production far exceeds demand now. A high-ranking official from the China Association of National Shipbuilding Industry (CANSI) said Chinese thick s...
2009-09-23 06:48:34
Jumping on green wagon [Shipbuilding]
South Korean shipbuilders are increasingly applying environment-friendly technologies to ship construction as international regulation on marine pollution is tightening up today. STX Offshore & Shipbuilding on September 21st announced that it had ...
2009-09-23 06:41:53
Daehan hastens full swing [Shipbuilding]
Daehan Shipbuilding of South Korea has successfully launched two 170,500-dwt bulkers (one partially built) at the same time on September 21st. One of the pair is the Belgravia for Knightsbridge Tankers and the other is the shipbuilder’s eighth h...
2009-09-22 14:48:04
"Kormarine 2009" all ready [General]
A final preparation briefing will be held Wednesday for the ‘Marine Week 2009’ which is scheduled for October 21 to 24 at BEXCO in Busan, South Korea. The biennial international shipbuilding and marine exhibition which was first held in 2001 d...
2009-09-22 12:02:33
AE Nomikos picks up Norden resale [Shipping]
Cash buyer AE Nomikos Shipping Investments of Greece continues to expand its fleet with the purchase of a bulker-newbuilding resale. Managing director Captain Andreas Dimitrellis confirms the company has paid $36.5m for a contract from Norden for ...
2009-09-22 07:36:23
Ikaros snaps up bulker resale [General]
Ikaros Shipping & Brokerage of Greece says its strong financial basis is allowing for fleet expansion despite the difficult climate. The company has made a cash purchase of a resale newbuilding from Norden and is looking for more bulkers. Spokespe...
2009-09-22 07:32:38
Liquimar denies VLCC deal is dead [General]
Liquimar Tankers of Greece is denying speculation that a VLCC-newbuilding deal struck at the peak of the market is now off. Market talk suggests that Liquimar will not take delivery of a trio of 320,000-dwt tankers ordered at South Korea's STX Off...
2009-09-22 07:29:44
3 Maj accounts frozen [General]
Croatian shipbuilding group Tehnomont has had the accounts of rival 3 Maj shipyard blocked over unpaid debt. 3 Maj owes Pula-based Tehnomont’s shipbuilding unit Tehnomont–Brodogradiliste Pula HRK 4.5m ($986,000), according to Croatian dail...
2009-09-22 07:26:44
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