First Chinese-designed pipelayer delivered [Offshore]
Zhenhua Heavy Industry has delivered the first pipelayer designed and built in China to China Offshore Oil Engineering Corporation (COOEC). The newbuild Hai Yang Shi You 202 is capable of performing heavylift operations of up to 1200 tonnes and in...
2009-07-07 11:18:22
Scrapped boxship tonnage hit 185,000 teu [General]
According to market sources, 94 containerships totaling 184,700 teu have been scrapped throughout the world in the first half of this year. The volume of boxships broken in the period is ten times larger than the average volume in the past years a...
2009-07-07 08:51:53
ABG Shipyard seeks $150m fund [Finance]
India's ABG Shipyard is trying again to raise $150m. The shipyard, battling Bharati Shipyard to take over offshore shipowner Great Offshore, said it was reviving a plan from April 2008. It will seek shareholder approval on July 7th, chief financia...
2009-07-07 07:10:40
Damen wins two tanker orders [Shipbuilding]
Damen Shipyards Group of the Netherlands has won a bid to build two newbuildings for Vietnam's first oil refinery. Local reports said the $16m contract will see the ships delivered by December 2010 to carry crude to the facility at Dung Quat. It h...
2009-07-07 07:08:24
Indonesian Trada plans to boost fleet [Finance]
Bank of Tokyo is lending Indonesian owner Trada Maritime $35m for the company to buy new ships this year. The company also hopes to secure more funding from another foreign bank and two Indonesian lenders to expand its fleet, finance director Adri...
2009-07-07 07:05:52
Japan steel exports fall 30% [Equipment]
Japan's exports of steel products to Asia in May totaled 1,883,746 tons, down 30.2% against a year earlier, according to statistics released by Japan Iron and Steel Federation. This is the second month in a row that exports fell below two million...
2009-07-07 07:02:30
COSCO Shipyard and CCS tie-up [Shipbuilding]
COSCO Shipyard Group has announced that it has signed a strategic cooperation agreement with China Classification Society (CCS). In a statement to the press, the shipyard said, “Along with the business expansion, COSCO Shipyard will continue t...
2009-07-07 07:00:42
EU mulls scrapping to ease oversupply [Shipping]
Brussels is considering a European Union ship scrapping scheme as a means to easing the shipping sector’s suffering, maritime affairs commissioner Joe Borg said. Such a scheme would help rid the European fleet of some of its older vessels and w...
2009-07-07 06:59:25
Chongqing Steel cooperates with CSSC Guangzhou [Equipment]
It is reported that Chongqing Iron & Steel Co Ltd signed the strategic cooperation agreement with CSSC Guangzhou Shipbuilding Co Ltd on June 30th. As per report, the two partners will expand their cooperation ranges after the relocation of Chongq...
2009-07-07 06:57:35
Hyundai goes bold with summer vacation [General]
Hyundai Heavy Industries (HHI) which won almost no new orders in shipbuilding and offshore sector this year is sending its employees on a 16-day paid summer holiday. The world's biggest shipbuilder's entire staff totaling 43,000 is going to take v...
2009-07-07 06:56:04
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