Hanjin inks $1.1bn CVC with Posco [Shipping]
South Korea’s Hanjin Shipping has strengthened its long-term charter business after signing a 20-year consecutive voyage contract (CVC) involving two very large ore carriers with South Korean steel giant POSCO in Seoul this morning. The deal will g...
2009-08-26 07:37:26
Kawasaki launches San-E bulker [Shipbuilding]
Kawasaki Shipbuilding Corporation of Japan launched Tuesday the Queen Kobe bulk carrier for San-E Maritime Corporation at its Kobe Shipyard. The newbuilding, identified as Kawasaki hull No. 1617 and the 28th 55,100-dwt bulk carrier developed by t...
2009-08-26 07:34:03
Bergen orderbook at $10bn [General]
Since its formation in 2007, the offshore and shipbuilding specialist Bergen Group of Norway has developed a relatively strong orderbook, but its margins are lower than some analysts expected. To date, the Oslo-listed company has offices spread along...
2009-08-26 07:30:56
Zaliv delays 10 capes project [Finance]
Shipbuilding plant Zaliv in Kerch, Ukraine has put off implementation of a project on construction of ten 175,000-dwt capesize vessels due to a difficult economic situation, the chairman of the company’s supervisory board Nikolai Kuzmenko said. ...
2009-08-26 07:29:01
Bangladesh promotes shipbuilding [Finance]
Bangladesh Bank, central bank of the country, should introduce refinancing at a lower rate by the government for industrial loan to set up shipbuilding industry as well as its working capital, a government committee has recommended in its report. The...
2009-08-26 07:25:40
Sungdong cape orderbook down [Shipbuilding]
South Korea’s Sungdong Shipbuilding & Marine Engineering has recently won its first large bulker order this year, with a newbuilding deal for four 180,000-dwt capesize bulkers from Brazil’s iron ore producer Vale. The shipbuilder said that re...
2009-08-26 07:20:52
EC sets up think tank for survival [Offshore]
Brussels has called a meeting to discuss the state of Europe’s shipbuilding and marine engineering industries. The key meeting of government and industry figures in Bremen on September 11th is being organized by the office of Günter Verheug...
2009-08-26 07:13:43
Shipbuilding seminar to be held in Seoul [General]
The Korea Shipbuilders’ Association (Koshipa) holds a seminar in Seoul on September 15th in commemoration of ‘The 6th Shipbuilders Day’. At the seminar, industry officials’ presentations on key industry issues will be made on ‘Current Co...
2009-08-26 06:32:11
Iran invests $20bn in shipbuilding [Shipbuilding]
According to local media reports on August 22nd, Ali Akbar Mehrabian, Minister of Industry and Mines of Iran said in a launching ceremony for a 35,000-dwt oceangoing vessel, Iran's second home-built ocean liner, that Iran's oceangoing fleet totaled j...
2009-08-26 06:28:13
Turning eyes to shipbreaking [Shipbuilding]
According to statistics from Nanjing Customs District People's Republic of China, Jiangsu port imported old ships for scrap from Japan, Europe and South Korea in the first half of the year, which amounted to 493,000 tons, 116,000 tons and 99,000 tons...
2009-08-26 06:20:53
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