New orders to reach 25m dwt [Shipbuilding]
While newbuilding orders drought is ongoing this year, Chinese shipbuilding players expect global new order-intakes would amount to only 25m dwt in 2009, down 83% against 2008. According to statistics, global new shipbuilding orders in August stoo...
2009-09-17 06:33:06
SLS suspected,, [General]
Changwon District Public Prosecutor’s Office in South Korea embarked on a seizure and search upon SLS Shipbuilding headquarters and the company’s chairman Lee Guk-chul’s office room on September 15th. An official from the district public pro...
2009-09-16 14:41:34
Europe equipment makers ask for incentives [Equipment]
Europe’s marine equipment suppliers are seeking new financial incentives for shipowners to retrofit costly environmental improvements to their vessels. “Any support for the yards [in Europe] would mean the equipment makers will get work, so th...
2009-09-16 12:54:03
DNV wins Global Award 2009 [General]
DNV was named the best classification society globally by the maritime industry’s leading newspaper, Lloyd’s List, at their annual Global Award event held in London on September 8th. Despite the economic challenges, the award ceremony attracte...
2009-09-16 12:38:05
Doosan develops engine measuring systems [Equipment]
South Korea’s Doosan Engine said Wednesday that it has developed a ship-engine main bearing’s abrasion measurement system and an advanced real-time measurement system of the condition of lubricating oil. Doosan has first developed the measurin...
2009-09-16 12:04:13
Cosco yard in row with Kyodo [General]
Cosco Guangdong Shipyard is accusing Japan's Kyodo Corp of failing to pay up after the docking of a bulker. The 39,000-dwt Kyodo Progress (ex-Land, built 1981) spent the first three months of this year at the yard. Documents in a current legal ...
2009-09-16 07:48:13
CESA proposes stimulus package [General]
A meeting by shipbuilding industry top executives and government officials of EU member nations was held on September 11th in Bremen, Germany, following an invitation of European Commission (EC). The Community of European Shipyards' Association (CESA...
2009-09-16 07:45:27
ZPMC targets offshore market [Offshore]
China’s largest port machinery manufacturer Shanghai Zhenhua Port Machinery (ZPMC) is planning to flex its muscles in the thriving offshore market in order to stave off increased competition in its traditional port equipment business. ZPMC presi...
2009-09-16 07:42:34
Cuban confirms 10 handys [Shipping]
Cuban shipowner Acemex has confirmed a $280m fleet expansion, ordering 10 handysize bulk carriers at China’s Shanghai Shipyard. The state-owned shipping company will have the 35,000-dwt vessels delivered between 2011 and 2013. The $28m per vesse...
2009-09-16 07:39:07
BLT targets $340m in newbuild loans [Finance]
Indonesian tanker owner Berlian Laju Tanker is confident it will secure up to $340m in bank loans to finance the acquisition of 13 chemical and gas tankers it has on order for delivery between 2010 and 2012. The company is also committed to its ne...
2009-09-16 07:34:56
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