STX builds eco-ships [Shipbuilding]
Equipped with recently developed new concept vessel based on environment friendly technology, STX Offshore & Shipbuilding (STX O&S) has geared up its effort to push into new markets. On September 21, STX O&S has announced the development of GD(Gre...
2009-09-21 14:27:45
Daewoo to secure shipyard in Brazil [Finance]
Daewoo Shipbuilding & Marine Engineering of South Korea seeks to secure shipbuilding base in Brazil, following the similar move of Samsung Heavy Industries and Hyundai Heavy Industries. Accordingly, South Korean big 4 shipbuilders, including STX O...
2009-09-21 11:56:25
STX orders 8 VLOCs [Shipping]
South Korea’s STX Business Group is set to sign a KRW 6trn ($4.97bn) contract of affreightment (COA). An official from STX Pan Ocean, the group’s shipping unit, said “We are in final stages of negotiation with Brazil’s iron ore supplier Va...
2009-09-21 09:49:03
Fresh orders to pour in [Shipbuilding]
South Korean shipbuilders, which have been suffering from orders drought, are about to receive massive fresh orders. First of all, Daewoo Shipbuilding & Marine Engineering is reportedly set to win three 400,000-dwt very large ore carriers. The pri...
2009-09-21 09:25:00
ABG eyes more in Great Offshore [Finance]
India’s ABG Shipyard now wants at least 40% of Great Offshore’s shares as it mulls upping its offer in battle with Bharati Shipyard. ABG entered the race to control the offshore vessel player in June, targeting about 35% of the owner and beati...
2009-09-21 07:15:39
Vinaline builds 40 new ships [Shipping]
Vietnamese state-owned groups Vinashin and Vinalines are planning to build 40 new ships. Prime minister Nguyen Tan Dung has approved a scheme whereby Vinashin will supply its shipowning counterpart with the vessels by 2013, without revealing furth...
2009-09-21 07:13:16
Fincantieri falls short of orders [General]
Workers at Italian yard group Fincantieri are facing temporary lay-offs as orders fall and profit declines. The cruiseship specialist said its total orderbook had shrunk to EUR 9.8bn ($1,444m) as of 30 June, down from EUR 11.6bn in the same period...
2009-09-21 07:09:18
Worst has passed for LNG ships [Offshore]
Global demand for LNG carriers is finding a way out of the doldrums. More vessels are in demand amid the start-up of delayed LNG development projects, the emergence of long-distance LNG transport routes and an increasing use for gas storage purposes....
2009-09-21 07:07:05
Aker Phil in $150m emergency call [Finance]
Aker Philadelphia Shipyard is seeking $150m in US federal assistance to build two speculative product tankers after its current series of 12 ships under construction for Overseas Shipholding Group is completed. Pennsylvania governor Ed Rendell wro...
2009-09-21 07:01:06
Vale builds 400K bulkers in Brazil [Equipment]
Brazilian mining giant Vale SA (VALE) has given domestic shipbuilders the opportunity to build four 400,000-metric-ton bulk carriers, the company said. Vale had been under pressure from Brazilian President Luis Inacio Lula da Silva to make investm...
2009-09-21 06:58:14
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