Gdansk restructuring to get the go-ahead [General]
Competition Commissioner Neelie Kroes visited Poland’s Gdansk Shipyard where she confirmed that a positive decision is formally expected for the yard’s restructuring plan within a couple of weeks. Kroes has recommended approval, with a final d...
2009-07-13 08:12:13
Cosco yards delay delivery of bulkers [Shipbuilding]
Two European shipowners have pushed back delivery of a total of eight bulkers at two Chinese shipyards by around half a year. Cosco Dalian and Cosco Zhoushan are the two shipbuilders concerned, parent company Cosco Corp (Singapore) wrote in a stat...
2009-07-13 07:01:01
Golar forays into floating LNG [Offshore]
Golar LNG is expanding its presence in the LNG logistics sector with the company’s first project for a floating liquefaction unit. Golar LNG and Thai partner PTT Exploration and Production (PTTEP) have agreed to develop a floating liquefied natu...
2009-07-13 06:57:13
Rongsheng inks 4 VLOCs [Shipbuilding]
Jiangsu Rongsheng Heavy Industries, China’s largest privately-owned shipbuilder, signed a $483m contract with Oman Shipping on July 10th for constructing four 400,000-dwt very large ore carriers. It was witnessed by Jiangsu Rongsheng president C...
2009-07-13 06:54:35
Fincantieri-union to meet for labor talks [General]
Executives at Italian state-owned shipbuilder Fincantieri and leaders of metalworkers union Fiom will meet for talks on July 16th in an attempt to resolve a long dispute over a new labor contract. The meeting represents a breakthrough in itself af...
2009-07-13 06:52:43
Wadan secures €190m loan [Finance]
Bankrupt Wadan Yards in Rostock-Warnemünde and Wismar has succeeded in securing financing. A bank consortium has agreed to give a €190m ($264.2m) bankruptcy assets loan to the shipyards. The German government will assume 90% of the credit r...
2009-07-13 06:50:34
Rongsheng says '09 profit would double [Finance]
Jiangsu Rongsheng Heavy Industries, China's biggest privately-owned shipbuilder, expects revenue and profit to double this year from last year, its president Chen Qiang said on Friday. Rongsheng, backed by foreign funds including Goldman Sachs and...
2009-07-13 06:48:41
Gazprom to order two LNG carriers [Offshore]
Gazprom Plc may place an order with Severnaya Verf plant for the construction of two LNG tankers to transport LNG from the Shtokman gas field offshore eastern Russia, said Gazprom Vice President Alexander Ananenkov. Ananenkov said Severnaya Verf plan...
2009-07-13 06:46:47
Metrostar selling suezmax newbuildings [General]
Greece's Metrostar Management is selling suezmax newbuildings, two confirmed and some still underway. Dimitris Korkodilos, CEO of Andriaki Shipping, the management arm of NJ Goulandris group, confirms the purchase of two 165,000-dwt tankers that M...
2009-07-13 06:44:08
Utkilen cancels three chemical tankers [Shipping]
Norwegian shipowner Utkilen has cancelled an order for three 9,500-dwt chemical tankers at Italian shipyard Cantiere Navale De Poli. The ships had been scheduled for delivery in 2008 and this year but this January, the yard entered into a voluntar...
2009-07-13 06:41:46
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