Romanian yards see no orders in 2009 [Shipbuilding]
Romanian shipyards are expected to face one of the hardest years, as they have not received any orders since the beginning of the year, said Gelu Stan Head of the National Shipyards Association (ANCONAV). For instance, Daewoo Mangalia Heavy Indus...
2009-06-09 07:08:58
MISC-China LNG build $200m LNG carrier [Offshore]
Malaysia shipping firm MISC Bhd and China LNG Shipping (Holdings) Co will build a tanker to transport liquefied natural gas between the two countries. The companies will have equal stakes in the joint venture to build the vessel which would cost abou...
2009-06-09 07:05:36
SCI to order five more AHTSs? [Offshore]
The board of Shipping Corp of India (SCI) has approved ordering a total of seven offshore vessels, a company executive has said. SCI already has placed an order for two 120-ton-bollar-pull anchor handling tug supply vessels at compatriot Cochin Sh...
2009-06-09 07:00:18
Pacific Basin delays Ro-Ros for €17.7m [Shipbuilding]
Pacific Basin Shipping is to pay almost €17.7m ($24.5m) to delay the delivery of three ro-ro vessels on order at Denmark’s Odense Shipyard until 2011. The Hong Kong-listed handysize and handymax specialist blamed weak demand in the European r...
2009-06-09 06:54:33
Safe Bulkers cancels cape [Shipbuilding]
Safe Bulkers has trimmed its capital expenditure by $12m by cancelling one of its two capesize newbuildings and making other adjustments to its newbuilding portfolio. Polys Hajioannou’s New York Stock Exchange-listed dry bulk operator has delay...
2009-06-09 06:49:38
Ko-Exim supports drillship export [Finance]
The Export-Import Bank of Korea said on June 8th that it provides financial support worth $300m to help Daewoo Shipbuilding & Marine Engineering export two drillships. Korea Eximbank provides a $300m structured finance, consisting of $165m loans a...
2009-06-09 06:18:39
China unveils shipbuilding stimulus plan [Shipbuilding]
On June 4th, China's Ministry of Industry and Information Technology (MIIT) said, according to 《A Program of Shipbuilding Industry Adjustment and Development》, that China will extend its market share in global shipbuilding to more than 35% by 201...
2009-06-08 16:44:58
China to cut iron ore prices 33% [Equipment]
Steel industry officials in China are said to have agreed internally to accept a 33% iron ore price cut compared with the benchmark last year. London-based Steel Business Briefing (SBB) says that according to unnamed sources the China Iron and Ste...
2009-06-08 13:59:42
Cido sells aframax newbuilding pair [General]
Cido Shipping is said to have sold a pair of newbuilding aframax tankers to a Greek owner. Brokers report Friday that Estoril Navigation is paying $50m each for the 105,000-dwt Pacific Genesis and Pacific Harvest. Both vessels are due this summer ...
2009-06-08 13:54:29
Daewoo-IE to develop SPS technologies [Equipment]
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea develops a new ship construction method together with Intelligent Engineering Holdings (IE) of the UK. DSME said Monday (June 8th) that it has signed a contract on June 4th with IE to ...
2009-06-08 13:45:57
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