Real owner of 12 NITC VLCCs [Shipbuilding]
Two candidates have been named as the market buzzes over who is the real owner behind the NITC’s 12-VLCC deal in China. A Chinese company known as Sea Board is said to be the owner of 12 VLCC newbuildings destined to boost the fleet of National ...
2009-08-28 18:36:51
Troubled SLS tankers set for 'adoption' [Shipbuilding]
South Korea’s SLS Shipbuilding may “pass on” a sextet of cancelled newbuildings to a sister company. Singapore-based KCL Marine is poised to take over six cancelled handymax-tanker newbuildings left at the shipyard. Industry sources say K...
2009-08-28 18:19:29
Rongsheng’s cancelled ships into Roxen [Shipbuilding]
A new shipowning company has been established to trade cancelled newbuildings left on the hands of Rongsheng Heavy Industries, a Chinese shipbuilder. Roxen Shipping will specialize in the suezmax arena and is already trading one suezmax tanker. ...
2009-08-28 18:07:38
Newbuilding price war worried [Shipbuilding]
Shipbuilders may be drawn into a global price war next year triggered by South Korean discounting, an executive at Mitsui Engineering & Shipbuilding (MES), Japan’s second-largest shipbuilder, said. “A risk of some new Korean yards setting very...
2009-08-28 16:51:29
P&O ferry keel laid at Rauma [Shipbuilding]
The keel of a ferry to be built for P&O Ferries was laid at STX Europe’s Rauma Shipyard in Finland on August 25th. The vessel is the first of the two ferries scheduled for delivery from the yard in 2010 and 2011. Following a traditional cerem...
2009-08-28 11:33:52
Hudong 8,600-teu pair delivery delayed [Shipbuilding]
Orient Overseas (International) Limited (OOIL) has pushed back the delivery of two newbuildings and backloaded payments for the ships. Hong Kong listed OOIL says the first of the 8,600-teu containerships on order at China’s Hudong-Zhonghua Shipbui...
2009-08-28 07:45:23
Arpeni to order newbuilds [Shipping]
Indonesian bulker and tanker owner Arpeni Pratama Ocean Line is about to order seven newbuildings at Chinese shipyards. The vessels will include tankers, tugs and barges and will cost around IDR 2.8 trillion ($278m), corporate secretary Ronald Nan...
2009-08-28 07:41:42
Yantai H1 profits jump [Finance]
China’s Yantai Raffles Shipyard has seen interim profits almost double against a year earlier despite the global economic downturn. The Oslo OTC-traded company said half year profits came in at SGD20.9m ($14.5m) against the SGD11.3m seen in 2008...
2009-08-28 07:36:16
Daewoo-Mangalia may get govt support [Finance]
Daewoo-Mangalia Heavy Industries, which is operated in Romania by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), is running into financial difficulty. Following its deficit operation, it seems that the cash problem of t...
2009-08-28 07:34:31
BV posts 22% rise in net profit [Finance]
French classification society Bureau Veritas has announced higher-than-expected first half earnings in the form of attributable net profit up 22% to €130.5m ($186m). The marine division was the biggest contributor to the operating profit of the...
2009-08-28 07:31:59
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