Premier Wen Jiabao visits STX Dalian [Finance]
China’s prime minister Wen Jiabao visited STX Dalian shipbuilding complex located in Changxing Dao, Dalian city, Liaoning province, China, on September 11th. It is an exceptional case that Chinese incumbent prime minister visits foreign company...
2009-09-12 10:56:52
Buyers seek 65% discount on Hanjin ships [General]
A trio of 6,572-teu boxship newbuildings are on the verge of being sold at a strikingly low price. Bids for the Hanjin Heavy Industries & Construction-built newbuildings are worse than feared, with offers hovering around $35m per ship, say sources...
2009-09-11 14:20:46
MODEC’s order intakes to shrink [Offshore]
Japan’s Mitsui Ocean Development & Engineering Co (MODEC)’s order intakes this year are likely to fall below one third level of those in 2008. This is because energy majors’ massive FPSO tenders are being delayed, and some expect the huge ne...
2009-09-11 12:56:34
STX tanker order collapsed ? [Shipbuilding]
A huge newbuilding order placed by a Greek company at STX Offshore & Shipbuilding of South Korea in June is said to have collapsed. According to foreign media report, Standard Development of Greece had contracted four medium-range (MR) tankers wit...
2009-09-11 12:16:44
Shanghai wins 10 handys [Shipbuilding]
A state-owned Cuban company has ordered bulkers worth $250m at China’s Shanghai Shipyard. Market players say the shipbuilder has secured 10 handysize units from the Cuban outfit. A source close to the yard confirms the order and says it was b...
2009-09-11 11:57:58
Keppel names rig twins [Offshore]
Singapore’s Keppel FELS named two identical jackup rigs together for the first time Wednesday. The rigs, PV Drilling II and PV Drilling III, have been built for PetroVietnam Drilling & Well Services and are expected to be delivered about six wee...
2009-09-11 08:16:00
ClassNK’s onboard wireless LAN guidelines [General]
Japan's ship classification society Nippon Kaiji Kyokai (ClassNK) has published a new guideline entitled, Guidelines on Shipboard Wireless LAN Systems. In a statement, the classification society said the use of wireless LAN systems is becoming more a...
2009-09-11 07:35:26
STX inks newbuilding loan [Finance]
STX Pan Ocean has secured a $142m loan from the Export-Import Bank of Korea (KEXIM) to help finance two VLCC newbuildings. The two 320,000-dwt tankers are on order at fellow South Korean and sister company STX Offshore & Shipbuilding. The first of...
2009-09-11 07:32:31
Bulgarian yard owner profit plummets [Finance]
The owner of Varna Shipyard, Industrial Holding Bulgaria (IHB), has seen first-half profit fall in the first six months as revenues declined. The company said net earnings to June 30th were BGN 2.44m ($1.81m), down from BGN 8.4m in the same half o...
2009-09-11 07:30:22
MOL boosts green car carrier [Shipping]
Japan’s MOL has revealed its new car carrier design which it claims can cut carbon emissions by 41%. It says the next-generation ship “will be technically practical in the near future”. The giant owner is also working on similar designs f...
2009-09-11 07:25:54
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