CEOs of major into "OTC 2009" [Offshore]
CEOs of South Korean shipbuilders, suffering orders drought, are aggressively seeking to win offshore unit orders such as drillship, semi-submersible rig and FPSO. Chief executives of the country’s major shipbuilders participate in Offshore Tech...
2009-05-04 11:27:12
Zim returns six ships [Shipping]
Israeli container line Zim has cut capacity further by cancelling the charters of six ships owned by the controlling Ofer family. Zim parent Israel Corp, majority owned by the Ofers, told the Tel Aviv Stock Exchange that it would pay a cancellation f...
2009-05-04 07:28:04
DryShips sinks to losses [Finance]
Huge contract termination fees have plunged George Economou’s DryShips into the red for the second consecutive quarter. Nasdaq-listed DryShips sank to a $101.8m loss in the three months to 31 March, to follow on from a massive $1.02bn reversal d...
2009-05-04 07:25:32
Small chemical tankers well positioned [Shipping]
Small may be beautiful when it comes to the beleaguered chemical tanker market, according to a new report. The sub-5,000 dwt chemical carrier fleet, employed mainly in regional European and Pacific Rim trades, is better positioned to recover from ...
2009-05-04 07:23:02
Subsea 7 cuts steel on Seven Pacific [Offshore]
Subsea 7 has started construction on its next pipelay and offshore construction vessel as part of a $1bn investment campaign. The Aberdeen-based ship owner said steel was cut on the Seven Pacific vessel in the IHC Krimpen shipyard in the Netherlan...
2009-05-04 07:18:54
Briese keeps faith in Vietnamese yard [Shipbuilding]
Delivery of the multipurpose ship Mittelplate in March represented a milestone for Vietnam’s fledgling shipbuilding industry. The 3,520 dwt tweendecker was the first built to international standards by Lisemco Haiphong Equipment Manufacture and...
2009-05-04 07:16:22
Kraljevica shipyard celebrates 280th anniversary [General]
Croatia’s Kraljevica shipyard has celebrated the 280th anniversary of its founding this week as privatisation nears. The Rijeka yard held a ceremony to mark the occasion that was attended by senior government officials, including president Stjep...
2009-05-04 07:09:39
LNG production to double [Offshore]
Australia’s Woodside Petroleum expects global production of liquefied natural gas to comfortably more than double during the next decade, and believes the nation’s output could be as large as market leader Qatar’s within the same timeframe. ...
2009-05-04 07:06:50
More than 144m GT with class ABS [General]
US class society ABS is expecting a slow-down in its business from 2010 as the slump in ship orders hits. But chairman and CEO Robert Somerville said 2008 saw it reach record levels in terms of the classed fleet and newbuildings. The ABS fleet rea...
2009-05-04 07:02:19
Samsung funding for new mega-yard [Finance]
Samsung Heavy Industies is part of the Atlantico Sul (AS) consortium which last week received news it is to receive Reais 542m ($248m) from the Brazilian National Development Bank (BNDES) to build a new shipyard capable of constructing tankers up to ...
2009-05-04 06:56:44
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