Tanker cancellations to speed up [Shipping]
Tanker newbuilding order cancellations will accelerate in the second half of this year as owners grapple with financing difficulties according to Frontline. It also sees bright spots on the demand side amid suggestions the world economic slump has...
2009-08-31 07:09:04
New orders plunge: Koshipa [Shipbuilding]
Newbuilding orders won by South Korean shipbuilders in the first half of 2009 plunged to only 184,000 cgt, equivalent to an appalling 1.3% of the annual total for 2008, according to the Korea Shipbuilders' Association (Koshipa). The volume is believe...
2009-08-31 07:06:20
Greek resume ship purchases [Shipping]
US-listed Greek shipowners have resumed buying newbuildings and secondhand ships on the resale market. At one stage in the past, those owners laden with abundant cash from their IPO, were predominant on the global market. They had played a key ro...
2009-08-31 07:03:21
Prices of cape dip below $70m [General]
Newbuilding prices of capesize bulkers appear to have slipped below $70 million per ship. According to plural number of market sources, both in South Korea and China, shipyards, from emerging and medium-/small-size yards to major ones, all started pr...
2009-08-31 07:01:08
Seadrill posts record profits [Offshore]
Norwegian drillship owner Seadrill posted record profits and revenues in the second quarter of the year thanks to its growing fleet of offshore drilling units. The company, which is led by John Fredriksen, posted $816m in revenues in the second q...
2009-08-31 06:58:56
7 consortia vie for Petrobras FPSO [Offshore]
Two more bids have emerged in the running for a massive FPSO tender by Petrobras. The Brazilian oil and gas company was set to receive commercial offers last Friday for the eight floating production, storage and offloading vessels (FPSOs). As r...
2009-08-31 06:56:16
Hudong faces 4 more delivery delays [Shipbuilding]
Orient Overseas (International) Limited (OOIL) has held up the arrival of four more containership newbuildings by a total of six years. Its decision to push back the quartet on order at Hudong-Zhonghua Shipbuilding comes less than a day after it d...
2009-08-31 06:50:31
Qingdao Hyundai delivers tanker [Shipbuilding]
Greece's Aegean Marine Petroleum Network has recently taken delivery of the 'Kerkyra', a 6,290-dwt double-hull bunkering tanker newbuilding from Qingdao Hyundai Shipbuilding located in China. According to Aegean CEO Nikolas Tavlarios, the company ...
2009-08-31 06:26:51
Chinese sweep newbuilding orders ? [Shipbuilding]
According to industry sources, fresh shipbuilding orders signed since July worldwide amount to 91 ships including 54 bulkers, 18 tankers, 5 containerships, etc. Of them, Chinese shipbuilders have secured 57 ship orders through low price order inta...
2009-08-31 06:20:37
Emergency measures against Flu A [General]
South Korean shipbuilders are seeking to prevent their workers from being infected with Flu A (H1N1, swine flu). Daewoo Shipbuilding & Marine Engineering has been taking temperature of people who visited the yard for business purpose since August ...
2009-08-31 06:12:51
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