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Dolphin loses in quality dispute
[General]
Italy's Dolphin Tanker has failed in a bid to force a Shanghai shipyard to allow it to make last-minute welding-quality checks on a newbuilding tanker due for delivery within weeks. A London court rejected a bid from Dolphin to uphold an emergency...
2009-08-24 06:53:06
Hanjin puts IRISL boxships up for sale
[Shipbuilding]
South Korean shipbuilder Hanjin Heavy Industries & Construction has placed three recently-completed containerships up for sale, following a financing dispute with Islamic Republic of Iran Shipping Lines. Ordered at nearly $100m each, brokers have...
2009-08-24 06:51:16
STX “no more borrowing”
[Finance]
STX Business Group of South Korea recently said, “At present, we have no plans to obtain new fund on loan.” There have been rumors circulating in securities market that STX would borrow money, and against this backdrop, the prices of shares in...
2009-08-24 06:25:20
China's largest shipbuilding base completed
[Shipbuilding]
China's largest shipbuilding and repairing base has been completed. According to local sources, the completion ceremony for Qingdao Haixi Bay Shipbuilding and Repairing Base and the launching ceremony for Hosco's two 180,000-dwt bulk carriers were...
2009-08-24 06:21:26
Smaller boxships suffer a blow
[Shipping]
The most part of the global containership newbuilding orderbook is for the ships of over 4,000-teu class, and ships of 1,000-teu to 2,000-teu account for just 10% of the entire orderbook. Against this backdrop, order cancellations of small boxship...
2009-08-24 06:14:40
Gazprom in talks over LNG carriers
[Offshore]
Meetings are being held with shipyard officials in South Korea and Japan over the next three weeks regarding their proposals on the LNG carriers required for Russia's massive Shtokman LNG project. Informed sources say clarification meetings will t...
2009-08-21 12:29:16
Chinese lead in orders rebound
[General]
Shipyards in China have enjoyed a pick-up in ordering activity with 36 new ship orders secured just last month. But they failed to make over one-third of scheduled deliveries during the first seven months of 2009. A large proportion of vessels on ...
2009-08-21 12:13:28
Sinochem behind 21st Century orders
[Shipbuilding]
21st Century Shipbuilding of South Korea announced on August 13th that it had signed a letter of intent with an Asian leading oil exploration/development and chemical product transport company to build four 20,000-dwt stainless-steel chemical tankers...
2009-08-21 11:56:16
China yards output value rises 33.7%
[Shipbuilding]
China's shipbuilders have realized a total output value of 300bn yuan ($44bn) in the first seven months of this year, Chinese Ministry of Industry and Information Technology said on Thursday. The figure increased by 33.7% over the same period last...
2009-08-21 11:32:29
Grindrod cancels product tanker
[Shipping]
South African shipowner Grindrod said it has ditched a tanker order due to late delivery by the shipyard. The Johannesburg-listed tanker and bulker owner wrote in its first-half result announcement on Thursday that it chopped the order for the 40,...
2009-08-21 07:36:30
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