Samsung-Dohle/CSAV order talks ongoing [Shipbuilding]
Negotiations between Samsung Heavy Industries and shipowners Compania Sud Americana Vapores of Chile and German owner Peter Dohle surrounding orders for 12 mega-boxships have yet to reach a conclusion. An SHI source said, “The negotiations are ...
2009-06-12 07:20:26
Vale slashes iron ore prices by 50% [Equipment]
Brazilian miner Vale has slashed 2009 benchmark iron ore prices by as much as 48.3% for Japanese and South Korean steelmakers. The company said it would cut fine ore prices by 28.2% from 2008 levels, and agreed to reduce pellet prices by 48.3%. Va...
2009-06-12 07:12:17
BHP cuts coal prices for steelmakers [Equipment]
Global mining giant BHP Billiton has agreed to take a 58% price cut for the coal it sells to major steelmakers, in line with market expectations and a sharp downturn in the global steel industry. BHP said on Wednesday that based on settlements so far...
2009-06-12 07:09:00
Euroseas buys panamax for $27.5m [General]
Athens-based dry bulk and container vessel owner Euroseas has boosted its fleet to 17 with the purchase of its third bulker this year. The $27.5m acquisition of the unnamed vessel, a 2000-built panamax, cements Euroseas’ position in the vanguar...
2009-06-12 07:03:23
Danaos postpones delivery [Shipbuilding]
Danaos has delayed the delivery of five 12,600 teu containerships by a year, to 2012. This brings the total number of newbuilding delivery delays worked out by John Coustas’ New York Stock Exchange-listed and Athens-based containership owner th...
2009-06-12 06:59:13
Bergen wins $287m order for oil field ship [Offshore]
Bergen Group has through its subsidiary Bergen Group Rosenberg AS been awarded a contract by SBM (Single Buoy Moorings) for the early preparation works associated to the offshore hook up of the Yme Platform. The project will commence immediately. The...
2009-06-12 06:55:11
Hanjin still eyeing new shipyard in MisOr [Shipbuilding]
South Korean shipbuilder Hanjin Heavy Industries & Construction has not totally abandoned its shipbuilding facility project in Misamis Oriental but the date of resuming construction hinges on a small window of positive outlook amid the present global...
2009-06-12 06:51:45
China in need of Y 200bn shipbuilding fund [Finance]
China Association of National Shipbuilding Industry says the industry needs to raise at least Yuan200bn ($29.4bn) through public funding to prop up the country’s shipbuilders. CANSI president Zhang Guangqin said Chinese shipbuilders were findin...
2009-06-12 06:46:55
Oshima buys Tsuji Sangyo business [Finance]
Bankrupt Japanese shipbuilder and machinery manufacturer Tsuji Sangyo has sold off its main hatch cover and equipment business to compatriot Oshima Shipbuilding. It is understood Japan’s Oshima has paid JPY 1.4bn ($14.2m) for the business which ...
2009-06-12 06:42:12
CSBC delays delivery of 24 boxships [Shipbuilding]
CSBC Corporation said on June 10th that it has agreed to delay deliveries of 24 containership newbuildings ordered by two shipowners. The Taiwanese shipbuilder said in a regulatory filing that shipbuilding and shipping industry slump amid financia...
2009-06-12 06:11:15
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