Hope for Croatian shipbuilding [Shipbuilding]
Kraljevica and Croatia’s other soon-to-be-privatised yards should be sold to shipbuilding groups, according to one executive. Dragan Badzek, sales manager of Kraljevica, said at Nor-Shipping in Oslo that it was important to ensure the future of ...
2009-06-11 07:32:19
Ideally, all bulker orders would be cancelled [General]
All bulker newbuildings would be cancelled in an ideal world, Michael Bodouroglou said. The Paragon Shipping chief said he realised this was unrealistic and was not going to happen, but said it showed how serious this tonnage overhang has become f...
2009-06-11 07:28:39
MISC, China LNG in talks over LNG JV [Offshore]
MISC is in discussions with China LNG Shipping to form a joint venture. The Malaysian shipowner said it was in the initial stages of discussion with China LNG Shipping to build and supply a liquefied natural gas tanker to ship LNG from Bintulu in...
2009-06-11 07:22:27
Idle boxship fleet to reach 10% [Shipping]
According to findings by French maritime consultant AXS Alphaliner, 533 containerships totaling 1,315,000 TEUs in capacity were on hold at sea at the world's ports and anchorages as of June 8. While the number of idled ships operated by carriers ...
2009-06-11 07:19:28
Unfinanced newbuilding orderbook to increase [Finance]
The huge unfinanced portion of the $500bn newbuilding orderbook could be increasing, a leading shipbroker warns. RS Platou managing partner and chief executive Peter Anker said the forward orderbook of unfinanced ships was estimated to be between...
2009-06-11 07:16:29
Access to finance to improve [Finance]
Access to finance has improved significantly in the last two months, according to Ship Finance Management chief executive Lars Solbakken. Although the financing market had been “very challenging” since the end of last year, money appeared to ...
2009-06-11 07:12:32
Bulker values to fall further [Shipping]
The dry bulk market is approaching a false horizon and asset values are set to fall before they strengthen any more, industry experts have warned. Although average capesize rates have surged in recent weeks, the industry remains uncertain about t...
2009-06-11 07:09:19
German yachtbuilder saved by joint rescue package [Finance]
German yachtbuilder Nobiskrug, which was on the verge of bankruptcy, has been saved by new investor Abu Dhabi Mar and a joint rescue package, which includes the state government, former owner ThyssenKrupp Marine Systems and banks. “The yard rem...
2009-06-11 07:07:20
Vyborg builds a new shipyard in Primorsk [Shipbuilding]
Vyborg Shipyard JSC will build a new shipyard in Primorsk (Leningrad region). All the documents required for construction have been obtained already, BIA learnt from the shipyard representative. According to the source, pre-project works are ...
2009-06-11 07:03:27
Chinese welcome ban on shipbuilding [Shipbuilding]
China’s Zhoushan Jinhaiwan Shipyard and other large shipbuilders in the Zhoushan area near Shanghai have welcomed moves to suspend production of general cargo vessels for up to three years. The proposal, made by the Zhoushan government during a...
2009-06-11 07:00:08
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