Centrans Ocean ordered 8 more bulkers at Jinling [Shipbuilding]
China's Centrans Ocean Shipping Logistics Group has stacked up bulker newbuildings at a domestic shipyard. The Tianjin-based freight forwarder and container carrier has a total of 10 post-panamax bulkers under construction at Jinling Shipyard, acc...
2009-05-15 13:21:47
Taizhou Sanfu dismisses reports of cancellations [Shipbuilding]
Taizhou Sanfu Ship Engineering in China has denied reports that it has had 20 newbuildings of 1.2 million dwt cancelled from its orderbook. A shipyard official says no cancellations of firm orders have taken place and adds that the only deal misse...
2009-05-15 13:17:24
NITC VLCC order faces rough going [Shipping]
Financial and political obstacles are blocking an Iranian player from ordering a dozen tankers. The credit crisis together with US efforts to tighten sanctions are hampering efforts by National Iranian Tanker Co (NITC) to order 12 VLCCs. Industry ...
2009-05-15 13:14:03
New orders down 95% in China [Shipbuilding]
New orders placed with China’s shipyards fell 95 percent during the first four months of this year, the Ministry of Industry and Information Technology said. Orders from January to April dropped to 990,000 deadweight tons, the ministry said on ...
2009-05-15 11:43:24
Citi retains ‘sell’ on Daewoo [Shipbuilding]
Citi has retained its ‘sell’ recommendation on Daewoo Shipbuilding & Marine Engineering despite its recent upbeat results. The US investment bank has a target price of KRW14,000 ($11) per share for the stock, a downside of 43% on its current s...
2009-05-15 11:32:29
Aged capesize sold below $10m [General]
Price of a secondhand old capesize bulker aged above 20 years has dropped below $10 million. According to market reports, a Chinese operator recently purchased a 23-year-old 170,000-dwt bulker completed in 1987 at South Korean yard Hyundai Heavy ...
2009-05-15 11:24:51
Anthony Veder receives delivery of first LNG carrier [Offshore]
Anthony Veder, a tanker operator of the Netherlands, recently took delivery of its first LNG carrier, the Coral Methane. According to the company, the 7,500-cu.m vessel, built by Remontowa Shipyard in Poland, is scheduled to be chartered out to N...
2009-05-15 11:21:29
STX Enpaco lists shares [Equipment]
STX Enpaco, a diesel engine core component manufacturing unit of STX Business Group of South Korea has successfully listed its shares on the main bourse of the country. On May 15th it celebrated its successful listing on the Korea Exchange. The...
2009-05-15 11:12:26
Majors eye operating surpluses [Finance]
Six major general heavy industry-affiliated shipyards project surpluses in fiscal 2009. It is projected that the sales of the builders in the entirety of the year will expand thanks to the rise in price level and increase in construction volume. ...
2009-05-15 07:42:50
BHP in talks to order capesizes [Shipbuilding]
Amid the slump in negotiations worldwide, a new deal for newbuildings has surfaced. According to a number of shipbuilding and market sources, resources giant BHP Billiton appears to have sounded out Capesize bulker order to shipyards in Japan, So...
2009-05-15 07:37:29
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