SembCorp and PetroRig I reach settlement [Offshore]
Sembcorp Marine has reached a settlement with PetroRig I and its bondholders, allowing the sale of the semi-submersible rig to proceed. The Singapore yard group said Jurong Shipyard, the builder of PetroRig I, and bondholders Norsk Tillitsman and...
2009-06-08 07:40:41
Costa secures €550m newbuildings loan [Finance]
Genoa-based Costa Crociere has finalised a €550m ($779.6m) loan from the European Investment Bank that will help finance the first four ships in a five-vessel newbuilding programme. Interviewed in Genoa, where he was hosting the naming ceremony for...
2009-06-08 07:36:50
STX set to list affiliates [Finance]
South Korea’s STX Group said that it wants to raise Won2.5trn ($2bn) over the next 18 months through stock sales and listings of four affiliates. In the first phase of the plan STX Heavy Industries, STX Energy, STX (Dalian) Shipbuilding and STX...
2009-06-08 07:32:04
TKMS cuts Kiel and Emden jobs [General]
Germany’s largest shipbuilding group, ThyssenKrupp Marine Systems, part of steel giant ThyssenKrupp, is axing 450 jobs at its facilities in Kiel and Emden. TKMS spokeswoman Andrea Wessels confirmed that the group wants to cut 200 of 2,400 jobs a...
2009-06-08 07:29:11
China’s detailed plan for boosting shipbuilding [Shipbuilding]
China unveiled its detailed stimulus plan for the shipbuilding sector, an agenda for helping shipbuilders to cope with the global financial crisis. Under the three-year stimulus plan, China will encourage eligible companies to list and sell bonds...
2009-06-08 07:24:51
Bharati starts shiprepair service [General]
India’s second largest private sector shipbuilder, Bharati Shipyard Ltd, will now start its ship repair facility at the recently-acquired floating dock of Swan Hunter Shipyard. Bharati, which has orders worth Rs 5,097 crore, will undertake the ...
2009-06-08 07:21:58
Malta announces preferred bidders for yards [General]
The Ministry of Finance, Malta, recently announced its preferred bidders for Manoel Island Yacht Yard and the Marsa Shipbuilding and Steel Fabrication facility. As revealed by The Malta Business Weekly, the preferred bidder for the Manoel Island ...
2009-06-08 07:18:58
ABS fleet breaks 150m gt mark [Shipping]
With new deliveries still flowing out of the world’s shipyards, the ABS-classed fleet has breached the 150m gross tons threshold for the first time in the 147 year-old society’s history. Latest fleet statistics show the fleet as standing at 1...
2009-06-08 07:12:11
Extra costs for delaying newbuildings [Shipbuilding]
Owners asking for delivery delays of two years or more will have to pay dearly to get rules-compliant ships. Shipowners negotiating with yards to delay deliveries are being warned they will face paying millions of dollars in extras to meet new env...
2009-06-08 07:06:11
Stralsund wins river-cruise sextet order [Shipbuilding]
Munich-based group Premicon AG has injected some life into Germany's shipbuilding industry with orders for up to six large river-cruise vessels and says it remains on course to take delivery of its first containerships. The shipping-finance and to...
2009-06-08 07:02:02
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