Hanwha re-takes over DSME? [General]
Recently, the upward tendency in Hanwha shares in expectation of change of holding company, took a reverse direction abruptly due to the rumors that Hanwha is seeking to take over DSME again. In this context, Hanwha Group aggressively denied the r...
2009-06-15 16:15:12
Demand for VLCCs back on the increase [Shipping]
Demand for very large crude carriers and suezmax tankers is expected to improve from July as global production and consumption rise more than expected. This year’s decline in global oil consumption has been halted, according to the latest figure...
2009-06-15 14:13:24
Tsuji transfers marine equipment business [Equipment]
Tsuji Heavy Industries, now under corporate rehabilitation procedures, will transfer its marine equipment business to a company newly established by Oshima Shipbuilding, effective on July 1. As an accepting company, Oshima on April 1 set up a 100%-in...
2009-06-15 14:09:08
Korea ship fund to buy 62 vessels [Shipping]
In South Korea, the ship fund, set up to prevent ships from being sold abroad at dirt-cheap prices, will buy 62 ships. After examining the 72 ships shipping companies put on sale last week, Korea Asset Management Corporation (Kamco) selected 62 sh...
2009-06-15 13:49:15
Samsung wins Clean Shippng Awards [General]
The 110,000-dwt shuttle tanker 'Amundsen Spirit' under construction at Samsung Heavy Industries of South Korea has won the Clean Shipping Awards at Nor-Shipping 2009. Norwegian classification society DNV and the organizing committee of Nor-Shippin...
2009-06-15 13:31:57
STX wins MR tankers [Shipbuilding]
South Korea’s STX Offshore & Shipbuilding has received massive newbuilding orders in the commercial ship sector. STX O&S said on June 15th that it has won an order for the construction of a total of eight 50,400-dwt tankers (options for four uni...
2009-06-15 12:18:18
MES delivers recycling ship [Shipbuilding]
Mitsui Engineering & Shipbuilding has completed its first capesize bulk carrier to be fully compliant with International Maritime Organization’s Convention for the Safe and Environmentally Sound Recycling of Ships.
2009-06-15 07:27:39
GNMTC eyeing newbuilding resales [Shipping]
Libyan tanker group General National Maritime Transport Co is targeting more newbuilding re-sales to expand its fleet of medium-sized oil tankers and gas carriers. GNMTC is building up a fleet of suezmax, aframax and medium range product tankers ...
2009-06-15 07:23:27
Jinhaiwan wins 32 bulker orders [Shipbuilding]
Grand China Logistics is reported to have come to the rescue of Zhoushan Jinhaiwan Shipyard with a major order for 32 bulkers and is understood to be in talks to take a majority stake in the shipbuilder. News of the deal, however, was received wi...
2009-06-15 07:17:03
Hegemann seeks guarantees for ship order [Finance]
German shipbuilding group Hegemann has applied for state guarantees of €9m ($12.6m) to secure the financing of an order. A spokesman for the finance ministry of Mecklenburg-Western Pomerania said that the committee in charge had already discusse...
2009-06-15 07:11:58
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