Yards for sale: Daehan, Qingdao-Hyundai, Daewoo [Finance]
South Korea’s Daeju Group subsidiary Daehan Shipbuilding, which is undergoing restructuring process since early this year, is set to be put on the market in July, if early. Creditors of Hyundai Corporation, which operates Qingdao Hyundai Shipbui...
2009-06-12 06:04:44
Japanese co-operate to cut ship emissions 30% [General]
Japan’s government and maritime sectors are engaging in unprecedented co-operation to win the race to optimum fuel efficiency. In a perfect example of across-the-sectors co-operation, Japan’s government, shipowners, shipbuilders and equipment ...
2009-06-11 14:03:22
“No liquidity crisis”, STX chairman says [General]
STX Business Group chairman Kang Duk-soo (pictured) rebuffed market conjecture of STX’s liquidity crisis, saying “The crisis rumor is groundless.” He said at a press conference in Norway on June 9th, “STX was not included in the list of So...
2009-06-11 13:51:20
Korea’s first icebreaking R/V launched [Shipbuilding]
South Korea’s first icebreaking research vessel ‘Araon’ has been launched at Hanjin Heavy Industries & Construction’s Youngdo Shipyard in Busan City on June 11th. The research vessel is expected to be used for the exploration activities at...
2009-06-11 11:50:47
PetroVietnam Marine wins jack-up rig deal [Offshore]
Vietnam’s PetroVietnam Marine Shipyard has won a contract to build a jack-up drilling rig for domestic outfit Vietnam Oil & Gas Group. US-based Rowan Companies is to provide the rig kit, licence and certain technical consultancy assistance to th...
2009-06-11 11:17:38
Singapore, center of global shiprepair [General]
Singapore continues to enjoy the position of being one of the world’s top shiprepair and marine offshore hubs. The nation’s yards have built themselves a strong niche in the shiprepair industry, in particular for tankers and more high-end repa...
2009-06-11 11:07:39
Geden agrees to axe cape orders [Finance]
Geden Lines of Turkey has cancelled a contract for two capesize bulkers at China's Jiangsu Rongsheng Heavy Industries but remains on course to take delivery of nearly 40 newbuildings. Market sources say the yard has accepted Geden's request over ...
2009-06-11 10:47:55
Blohm + Voss wins conversion vessel [General]
KfW Ipex-Bank and BNP Paribas are providing a $130m loan for a J Lauritzen conversion project. The Danish owner's Lauritzen Tankers has tapped Hamburg's Blohm + Voss shipyard to convert the 15,375-gt ro-ro ferry Kraka (built 1985) into a 291-bert...
2009-06-11 10:45:53
Jinhaiwan may win massive orders [Shipbuilding]
According to a newbuilding market report, China’s largest emerging private shipbuilder Zhoushan Jinhaiwan Shipyard (JHW) is expected to receive massive bulker orders from a variety of domestic shipowners. Ship types are said to be capesizes and ...
2009-06-11 08:04:20
New entry criteria for IACS members [General]
There will be no dilution of quality within the International Association of Classification Societies following a preliminary agreement with Brussels competition authorities that could see the class association open up its membership and provide acce...
2009-06-11 07:35:22
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