Japan cuts steel prices by 30% [Equipment]
Steel plate price negotiation between Japan’s large shipbuilders and steel majors seems to have been almost finalized with 2009 shipbuilding thick plate prices falling about 30% against 2008. Steel plate price is falling for the first time in se...
2009-09-15 11:52:09
Ultragas snatches STX MR pair [Shipping]
Ultragas has swooped for a pair of MR tankers on order at South Korea’s STX Offshore & Shipbuilding, brokers say. The Chilean tanker owner is thought to have paid between $32.5m and $33.5m each for the 50,903-dwt vessels. Only three months ago I...
2009-09-15 07:36:50
SPP newbuilding resale [General]
An unnamed US company is said to have purchased a newbuilding chemical tanker from South Korean shipbuilder. The 50,000-dwt Hope I was purchased for $36m, according to brokers’ reports Monday. The vessel is slated for delivery in October from SP...
2009-09-15 07:32:02
Samsung eyes bulker biz [Shipbuilding]
Samsung Heavy Industries (SHI) may resume building bulkers after a break of 10 years. SHI was among the shipbuilders who made their offers in connection with a project by India's Reliance Group to procure 6-10 200,000-dwt class bulker newbuildings. ...
2009-09-15 07:29:35
Lula boost Brazilian yards [Shipbuilding]
Brazilian president Luiz Inacio Lula da Silva has criticized Rio de Janeiro-based Vale, the world’s largest iron ore exporter, for not playing a bigger part in the recovery of the country’s shipbuilding industry. “It’s impossible that Vale...
2009-09-15 07:27:10
Oil majors agree on Gorgon investment [Offshore]
The three oil companies involved in the A$43bn ($37bn) Gorgon project in Western Australia can start searching for a fleet of liquefied natural gas carriers now they have sanctioned the project’s investment. US oil majors Chevron and ExxonMobil, pl...
2009-09-15 07:23:38
ThyssenKrupp splits up yard in Kiel [Finance]
Germany's steel-to-shipbuilding conglomerate ThyssenKrupp is breaking up its core shipyard, Howaldtswerke-Deutsche Werft (HDW) in Kiel. The company is in advanced talks about the sale of the containership newbuilding division, HDW-Gaarden, to an e...
2009-09-15 07:20:29
Hanjin mulls private sale for boxships [General]
Hanjin Heavy Industries & Construction of South Korea may sell three 6,500-teu newbuildings privately after going through the motions of a public auction and receiving derisory offers. The trio was put up for sale by the shipyard in August, with l...
2009-09-15 07:18:17
Pipavav IPO unattractive now ? [General]
Investors with a low risk appetite can give the initial public offer (IPO) of shipbuilder Pipavav Shipyard a miss. The offer does not appear to be a compelling investment option at this point in time given the lack of an operational track record,...
2009-09-15 07:12:01
EU yards seek subsidies [Finance]
European Union shipyards have made their first official call for subsidies and claimed the European Commission is prepared to support them, foreign media reports. The Community of European Shipyards’ Associations said it wanted “active stimulu...
2009-09-15 07:05:48
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