Boxship breakings rise [Shipping]
Containership demolition activity is increasing sharply as owners take whatever action they can to eliminate unwanted tonnage as cargo demand remains slack and freight rates are at rockbottom. However, as newbuilding deliveries continue at a reco...
2009-04-23 06:46:01
Shipbuilding orders down 45% in 2008 [Shipbuilding]
Orders for new ships contracted at Japanese shipbuilders in fiscal 2008 tumbled 45.2% to the equivalent of 6.7m compensated gross tons, according to data released Tuesday by the Shipbuilders' Association of Japan. With shipping firms less willing ...
2009-04-23 06:06:59
Korean desire new orders [Offshore]
South Korean shipbuilders, struggling with tumbling orders due largely to the global funding crunch, are hopeful about winning lucrative deals for oil vessels as global energy giants are gearing up for oil and gas development projects. According t...
2009-04-22 16:37:29
Petrobras visits STX [General]
On April 21st delegation of Brazil’s state-owned oil major Petrobras, which is planning to order massive offshore plants and the Brazilian Development Bank BNDES visited main business places of STX Business Group of South Korea. The delegation i...
2009-04-22 16:13:01
Plunging oil demand hits tanker owners [Shipping]
Freight rates for tankers are coming down day by day, with owners coming face-to-face with some serious decisions, like scrapping older and single-hull vessels, together with new building order delays or even cancellations. It is now more than cl...
2009-04-22 13:22:09
Majors eye big orders from Petrobras [Offshore]
South Korea's four shipbuilders will meet executives of Brazil's Petroleo Brasileiro SA (Petrobras), in Seoul this week in hopes of getting vessel orders worth more than $25 billion, the companies said. "We hope the meeting (with Petrobras) will resu...
2009-04-22 13:17:24
S-S Lead Shipbuilding Industries [Shipbuilding]
Among the big four shipbuilders in South Korea, STX Group is rising fast. Of the four, STX and Samsung Heavy Industries are the only ones which had won newbuilding orders to date this year. The world’s biggest shipbuilder Hyundai Heavy Industrie...
2009-04-22 11:43:32
SWS embarks on first drilling rig [Offshore]
Shanghai Waigaoqiao Shipbuilding said Monday it has started final assembly of a 6-billion-yuan (US$877 million) offshore oil rig, China's first self-designed semi-submersible drilling platform. The oil rig, designed by the No. 708 Research Institu...
2009-04-22 07:48:34
COSCO completes first export ship [Shipbuilding]
China's COSCO Shipyard Group has completed its first export ship. It delivered a 57,000-dwt bulker, the Apj Kais completed at its Guangdong yard, on April 17 to its owner Apeejay Shipping of India. The vessel represents the yard's first delivery to a...
2009-04-22 07:44:41
Kanasashi continues construction of five ships [Finance]
Kanasashi Heavy Industries, which filed for court protection under Japan's Corporate Rehabilitation Law, will continue for the time being to construct the three newbuildings currently being outfitted, and two ships now being assembled on its slipways...
2009-04-22 07:41:51
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