Loksa new owners promise shipbuilding [General]
The new owners of Loksa Shipyard in Estonia promised to continue with ship construction and seek for new areas of activity, local media reports. “The new owners intend to continue in the old area of activity or producing components for making s...
2009-09-21 06:55:11
Yards pull guarantees on newbuildings [Finance]
South Korean yards have pulled guarantees for hundreds of millions of dollars on newbuildings where owners were unable to come up with installments during the building process, figures of reinsurer Munich Re revealed. “To pull guarantees for the...
2009-09-21 06:52:03
Iran to build tankers for Venezuela [Shipbuilding]
Iran has begun building four oil tankers for Venezuela, the latest in strengthening ties between the U.S. rivals. Habib Jadidi, managing director of the Iran Marine Industrial Co. (Sadra), told local media the 113,000 metric ton, Aframax-class ve...
2009-09-21 06:48:28
Thailand builds shipbuilding complex [Shipbuilding]
An official from the Office of Industrial Economics at Thai Industrial Standards Institute Ministry (TISI) said the authority has conducted a viability study on the project of constructing THB 4bn ($119m) shipbuilding complex and it would soon embark...
2009-09-21 06:23:27
Hyundai built first hybrid ship [Shipbuilding]
Hyundai Heavy Industries have constructed a hybrid ship for the first time in South Korea. The world’s largest shipbuilder held a launching ceremony on September 18th for a 3,000-ton class patrol/salvage ship which had been ordered by Korea Coas...
2009-09-21 06:19:03
New orders to soar [Offshore]
Global newbuilding orderbook, as of the end of August, stood at 8,779 ships of 164.7m cgt and 524.7m dwt, which is the lowest since June 2007. According to Clarkson Research Services’ latest report, the average dwt/vessel on order is 59,773 dwt,...
2009-09-21 06:14:19
Yards eye to Gorgon LNG [Offshore]
Shipyards are eyeing up possible LNG-newbuilding orders following the recent sanction of Australia's massive Gorgon LNG project. Yard chiefs say talks could start on newbuildings for the 15million-tonnes-per-annum (mtpa) project this year. Howe...
2009-09-18 12:17:16
Hudong-Zhonghua wins LNG carrier [Offshore]
China LNG Shipping (Holdings) Co (CLNG) hopes to sign a newbuilding contract next month for an LNG carrier that it is expected to order in partnership with Malaysia's MISC. Officials from CLNG - a joint venture between Cosco and China Merchants th...
2009-09-18 12:14:52
Need for stimulus package [Finance]
Help is needed now for Europe's yards, says a top campaigner. A stimulus package for European shipyards is urgently needed to prevent a "meltdown" in orderbooks wiping out facilities, according to a leading industry figure. AP Moller-Maersk's de...
2009-09-18 12:12:45
Mercator consider capesize [Shipping]
Singapore-based bulker operator Mercator Lines is said to be negotiating with India's Pipavav Shipyard for a 170,000-dwt capesize newbuilding. Industry players claim the owner is aiming for a delivery date at the end of 2012. The acquisition ...
2009-09-18 12:09:39
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