Tanker orderbook falls 17% YoY to 1,208 [Shipping]
A total of 358 tankers over 10,000 dwt are scheduled to be delivered in the second half of this year, although a considerable number of these are likely to be delayed into 2010. The research arm of the London-based broker Gibson said that 31m dwt ...
2009-06-30 07:46:27
Nanjing Tanker boosts fleet expansion [Shipping]
Shanghai-listed Nanjing Tanker Corp has secured a Yuan2bn ($293m) credit line from the Agriculture Bank of China. NTC carried out the fundraising exercise to finance its tanker fleet expansion from existing 1.8m dwt to 7m dwt in 2011. The company ...
2009-06-30 07:41:44
European shipbuilding needs new strategy [Equipment]
The European Metalworkers Federation (EMF) is demanding a common European strategy for the future of shipbuilding industry in Europe. The trade union organisation’s shipbuilding committee is seeking urgent action to protect the industry as newb...
2009-06-30 07:37:03
Asry's net operating income exceeds $66m [Finance]
Asry has achieved net operating income of $66.12 million in the first five months of this year. The number of vessels repaired during this period reached 69, this was announced during the company's 116th meeting, which was presided by chairman Sh...
2009-06-30 07:33:13
Newbuilding delivery refused at Lindenau [Shipbuilding]
Germany’s Lindenau shipyard, which is under insolvency administration, is fighting for survival after the shipowner of its latest newbuilding refused to receive delivery of the ship. Initially, Lindenau planned to deliver the 43,550-dwt double-...
2009-06-30 07:27:22
Daewoo helps in Malaysian new shipyard project [Shipbuilding]
Malaysia's Vantech Dockyard said on June 23rd that it will invest 4.8 billion ringgit ($1.4bn) to construct a large-size shipyard in southern Johor State in a joint venture with two South Korean shipbuilders. The construction of the yard, to be lo...
2009-06-30 07:14:31
COSCO builds $600m drilling rig for Norway [Offshore]
A shipyard under China's state-run COSCO Group has built a $600 million ultra deepwater drilling rig for Norwegian oilfield services group Sevan Marine, state media reported on Sunday. The rig, Sevan Driller, can sink wells 40,000 feet deep and st...
2009-06-30 07:02:29
Jinhaiwan to be renamed 'Jinhai Heavy Industry' [General]
Grand China Logistics CEO Sun Che announced at the 2009 China Maritime Congress on June 25th that the company, which is a subsidiary of Hainan Airlines Group, had signed a contract to purchase the shares in Zhoushan Jinhaiwan Shipyard on June 8th, wh...
2009-06-30 06:32:00
Eni builds new shipyard in Kazakhstan [Shipbuilding]
Italian energy company Eni recently announced it was planning to construct a new shipyard in the coast of the Caspian Sea, which would be primarily building 63,000-dwt tankers. The Kazakhstan government said memorandum of understanding related to th...
2009-06-30 06:27:45
Chinese get the lead in new orders [Shipbuilding]
Amid newbuilding orders drought, Chinese shipbuilders have recently signed massive shipbuilding contracts, making South Korean rivals worried that they might be dethroned as the world’s largest shipbuilding country. The newbuilding orderbook gap...
2009-06-30 06:24:58
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