Eitzen Chemical sells four chemical tankers [General]
Norway’s Eitzen Chemical has eased its financing issues by selling four chemical tankers for a combined price of $27m. Oslo-listed Eitzen Chemical, in which the Camillo Eitzen Group has a 52% stake, said it sold the 1985-built Siteam Anatas and...
2009-06-18 06:55:22
SLS hit by D’Amico cancellation [Shipping]
D’Amico International Shipping has yet to decide whether it will cancel a second product tanker about to be delivered at South Korea’s SLS Shipbuilding. The Italian owner and operator revealed it had cancelled one of four 51,000 dwt product t...
2009-06-18 06:52:26
China chases Korea: Newbuilding orderbook [General]
Chinese shipbuilding industry is in hot pursuit of South Korean in terms of newbuilding order backlog. According to Clarkson statistics, the gap of newbuilding orderbook (CGT basis) between China and South Korea fell below 2% points as of the end ...
2009-06-18 06:23:07
Daewoo bids for Indonesian submarines [Equipment]
South Korea's Daewoo International Corp said Wednesday it has made a bid for a contract worth about $1.2 billion to build two diesel-powered submarines for Indonesia. At the public tender are participating established submarine manufacturers in Ru...
2009-06-18 06:18:45
Gunsan dock to be finished in July [Equipment]
World’s largest goliath crane and dock are scheduled to be completed by the end of next month. Hyundai Heavy Industries of South Korea on June 16th said that the goliath crane and dock which are under construction at its Gunsan Shipyard will be ...
2009-06-18 06:13:10
Time to sell: Yangzijiang's stock [Finance]
China's Yangzijiang Shipbuilding has been downgraded by analysts at Singapore’s DBS Bank in anticipation of a decline in drybulk rates. Yangzijiang's stock is up nearly 80% since early May Its stock has risen by almost 80% since the beginning ...
2009-06-17 15:40:48
Jia Qinglin visits STX Dalian [General]
Jia Qinglin, the fourth ranking member of the Politburo Standing Committee of the Communist Party of China, and the Chairman of the People’s Political Consultative Conference visited STX Dalian Shipbuilding Complex and made a survey of the shipyard...
2009-06-17 13:57:44
Hanjin Sines with double-hull fuel tank delivered [Shipping]
Hanjin Shipping took delivery yesterday of the Hanjin Sines, the first of four 180,000 dwt capesize vessels being built by South Korea’s Hyundai Heavy Industries. The ship, which has a double-hull fuel tank and a fuel-efficient engine, has a se...
2009-06-17 12:48:51
China new ship orders dwindling [Shipbuilding]
The throes of overcapacity will come earlier in 2010 to China ship industry, experts anticipate, since trades of new ship orders fall into halt, expected to be less than 10m tons this year, and the existing orders keep shrinking quickly for over 7 mo...
2009-06-17 12:43:26
Gunsan yards delayed [Equipment]
Hyundai Heavy Industries is delaying the completion of its Gunsan Shipyard in an effort to preserve cash. Hyundai officials confirmed that the yard will now be finished by February 2010. It was due for completion in August this year. Hyundai ...
2009-06-17 11:01:15
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