Jindo new shipyard delayed [Shipbuilding]
Korea Shipbuilding, which has been constructing a new shipyard in Jindo, South Jeolla Province, South Korea, decided to postpone the completion of the shipyard facility by one year till June 2010. An abrupt fall in newbuilding demand seems to be t...
2009-07-06 06:27:46
CPC plans to build massive VLCC fleet [Shipping]
Taiwan's CPC recently announced it plans to establish a joint venture oil transport corporation together with two domestic shipping companies. CPC is said it will own a 48% stake in the joint venture while U-ming Marine Transport and Chinese Marit...
2009-07-06 06:24:34
NITC in talks to order VLCCs [Shipbuilding]
National Iranian Tanker Company (NITC) is reportedly in contact with Chinese shipyards over its VLCC newbuilding requirements. China’s state-owned Dalian Shipbuilding Industry Co (DSIC) and Shanghai Waigaoqiao Shipbuilding (SWS) are said to be i...
2009-07-06 06:19:53
Full supports for GCL: Fleet expansion [Shipping]
Shanghai-based Grand China Logistics (GCL), which stunned the shipping industry last month with a massive 30-bulker order at Zhoushan Jinhaiwan Shipyard, has been given a CNY 80bn ($12bn) war chest from the government to spend on its fleet expansion ...
2009-07-03 15:35:37
PSPC initiative finishes 100th gap analysis [Equipment]
Just two years after completing the first PSPC (Performance Standard for Protective Coatings) gap analysis in a Chinese shipyard, Lloyd’s Register and International Paint announced the completion of the 100th analysis in STX France Cruise SA, Saint...
2009-07-03 14:29:16
Sberbank takes control of Amur [Finance]
Russia’s largest lender Sberbank has taken controlling stake in Amur Shipbuilding Plant in Russia’s Far East. Sberbank said its holding is now 59.12%, up from 22.27% previously. In May, Russian prime minister Vladimir Putin said that Sberbank ...
2009-07-03 14:01:18
Bender files Chapter 11 bankruptcy [Finance]
Bender Shipbuilding & Repair filed for Chapter 11 bankruptcy in the US. Bender’s move comes two weeks after GulfMark Offshore, one of the yard’s creditors, attempted to force the shipyard into a Chapter 7 involuntary filing, claiming it is owe...
2009-07-03 13:45:38
Daewoo names last Q-flex quartet [Offshore]
Daewoo Shipbuilding & Marine Engineering of South Korea on July 3rd held a naming ceremony for four 210,000-㎥ class large LNG carriers. The quartet were named AL KHATTIYA, AL KARAANA, AL NUAMAN and AL BAHIYA. The LNG carriers, the last of the...
2009-07-03 13:02:19
STX expects orders from Petrobras [Offshore]
South Korea’s STX Corp chairman Kang Duk-soo expects the company to win billions of dollars in offshore orders from Brazil's Petrobras. He said Thursday that STX Offshore & Shipbuilding should share the orders with other South Korean rivals, Reu...
2009-07-03 07:42:20
Mystery continues on Polish yards buyer [General]
The mystery surrounding the new owner of Poland’s Gdynia and Szczecin shipyards still goes on. Qatari investment fund Qinvest, named by the Polish government as the buyer, has said it is only acting as an adviser for clients who were acquiring t...
2009-07-03 07:28:59
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