Bulker fleet to grow 6.5% this year [Shipping]
A Lazard Capital Markets analyst cut his estimate on 2009 bulker fleet growth by 1.6 percentage points last Friday, in what he said is a positive development for the dry-bulk market. Analyst Urs Dur reduced his estimate for net growth in tonnage f...
2009-05-18 15:44:15
Byzantine buys supramax newbuilding [Shipping]
Byzantine Maritime has emerged as the reported buyer of a newbuilding hull at Japan's IHI Marine. Brokerage sources now say that the Greek bulker owner has snapped up the 56,300-dwt bulker unit for $30m. Istanbul-based Mardeniz was reported to hav...
2009-05-18 15:32:21
Deadlock in newbuilding orders [Shipbuilding]
It is reported that deadlock exists in China's new ship orders deduced by April statistics which show China gained new ship orders of 0.2 million deadweight tonnes in the month down by 95%YoY. A senior official from Yangfan Group guessed that "Th...
2009-05-18 13:27:59
Sanoyas net deficit at $3m [Finance]
Japanese shipyard Sanoyas Hishino Meisho has fallen to an annual loss but is predicting a recovery in its current year. The shipbuilder said the net deficit in the year to 31 March was JPY 286m (about $3m), compared to a profit of JPY 892m in the ...
2009-05-18 13:20:39
STX wins order for naval test ship [Shipbuilding]
STX Offshore & Shipbuilding (STX O&S) of South Korea announced on May 18th that it has received an order for a next generation naval test ship from Agency for Defense Development (ADD) for some KRW 43bn ($33.8m). A naval test ship supports marine ...
2009-05-18 11:45:11
Namura net profit down 49% [Finance]
Costs hit Namura Shipbuilding as annual profit dived despite a strong growth in sales. The Japanese yard group has, however, set its eye on a healthier bottom line in the current financial year, albeit still well short of that see in the year to t...
2009-05-18 07:54:08
Sasebo annual profit up [Finance]
Sasebo Heavy Industries has posted a rise in annual profit but is braced for a weaker year ahead. The Japanese shipbuilder saw annual revenues climb considerably but come in just below expectations. The net profit for the year was, however, almost...
2009-05-18 07:52:12
Bergen sales rise 62% [Shipping]
A stronger showing from its shipbuilding and technology units jacked up first quarter profit at Norway’s Bergen Group. And it is standing by its full-year guidance despite a challenging business environment. Bergen says its bottom line came in a...
2009-05-18 07:49:13
BG-CNOOC to order 2 LNG carriers [Offshore]
BG Group, a major British energy company, recently announced that it will construct two LNG carriers jointly with China National Offshore Oil Corp. (CNOOC) for assignment to the Queensland Curtis LNG (QCLNG) project it is now developing in Australia....
2009-05-18 07:46:53
Tsuji's China unit continues shipbuilding [Equipment]
Tsuji Heavy Industries (Jiangsu) Co. located in Zhangjiagang, the Chinese local shipbuilding unit of Tsuji Heavy Industries now under corporate reorganization proceedings, has switched to local procurement of steel products for newbuildings which the...
2009-05-18 07:44:22
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