Sungdong close suezmax pair [Shipping]
Stena Bulk is mulling an order for two suezmax-tanker newbuildings on the back of a long-term charter to an oil major Total. Some market sources say France's Total will charter the 158,000-dwt pair. However, no terms have been disclosed - some ta...
2009-09-18 12:08:24
Newbuild contracts cut [General]
Orders worth $600m have been axed by two German owners. Capesize bulkers and medium-size containerships costing around $600m have been stripped from Chinese orderbooks. Four 118,000-dwt bulkers booked by finance house Lloyd Fonds at Sino-Pacific...
2009-09-18 12:06:09
STX-Daewoo bids 400K VLOC [Equipment]
A Brazilian mining giant is said another 20 VLOCs. Vale's appetite for bulkers continues unabated. The company is said to be looking to charter a slew of very large ore carrier (VLOC) newbuildings in addition to the 12 it ordered last month. ...
2009-09-18 11:45:18
Poland spent $209m for yard workers [Finance]
Poland revealed it had spent PLN 590m ($209m) laying off staff at Gdynia and Szczecin shipyards ahead of auctions, only for the sales to fail. Treasury minister Aleksander Grad told domestic media that Gdynia paid out PLN 128m in remuneration and ...
2009-09-18 08:03:44
Bulker deliveries go slow [Shipping]
Lorentzen & Stemoco predicts that a little over half the bulkers due for delivery this year will make it out of the shipyards on time. The Norwegian broker believes that only 40.7mdwt, or 56% of the 72.7m dwt scheduled for delivery in 2009 will be...
2009-09-18 07:59:38
Wartsila wins power plant [Equipment]
Finnish ship engine maker Wartsila has inked a contract to supply barge-mounted power plant to Papua New Guinea. The facility will serve a mining operation and will costs the buyer, Lihir Gold, EUR 57m ($84m). The power plant is scheduled to be fu...
2009-09-18 07:57:38
Mitsui delivers 56K CSR bulker [Shipbuilding]
Japan’s Mitsui Engineering & Shipbuilding (MES) has delivered the 56,000-dwt bulk carrier, Nord Progress, to Norden Shipping (Singapore) at its Chiba Works on September 16th. The ship represents the latest in a series of "Mitsui's 56" bulkers, ...
2009-09-18 07:54:31
Wadan defends two ropax orders [Offshore]
The insolvency administrator of Nordic Yards (formerly Wadan Yards), Marc Odebrecht, has finally reached an agreement with Sweden’s Stena Line over the construction of two ropax ferries. “Stena confirmed that it will take delivery of the vesse...
2009-09-18 07:53:12
Maersk unloads Estonian yard [General]
AP Moller Maersk has succeeded in selling off its Estonian shipyard, Loksa, a year after putting it on the market. The yard has been a subsidiary of the Danish company’s Odense Shipyard which recently announced it will be giving up shipbuilding ...
2009-09-18 07:50:06
Russia-Europe ties [Shipbuilding]
Shipbuilders from Russia and Europe meet at NEVA to strengthen ties and seek opportunities to address new challenges. Strong partnerships between European and Russian companies specializing in shipbuilding and maritime related activities have been gr...
2009-09-18 07:47:57
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