STX Dalian delivers its first ships [Shipbuilding]
STX Business Group of South Korea said its Chinese shipbuilding complex has successfully delivered its first ships. STX Dalian Shipbuilding Complex on April 17th held a naming ceremony for its first vessels. At the ceremony participated Chinese hi...
2009-04-20 06:12:54
Intersleek 900 improves Queen Mary 2 performance [Equipment]
Carnival Corporation reports positive performance results following the application of the fluoropolymer foul release coating Intersleek 900 for the underwater hull of Cunard's Queen Mary 2. Almost 6000 square meters of the liner's hull was hydro...
2009-04-19 06:42:59
Royal Caribbean secures Oasis of the Seas financing [Finance]
Royal Caribbean Cruises Ltd. (NYSE: RCL, Oslo) today announced it has arranged commitments for unsecured financing in the amount of $1,050,000,000 or 80 percent of the contract price of Royal Caribbean International's Oasis of the Seas. The facil...
2009-04-19 06:40:34
Sea Asia 2009 countdown [General]
Sea Asia 2009 kicks off in Singapore next week posing the big questions: Can the global shipping industry bounce back to the level of activity it experienced over the past few years? Is there light at the end of the tunnel for the world economy and t...
2009-04-19 06:38:30
Optical Illusion: Smaller yards’ improved results [Shipbuilding]
Most of the South Korean 26 small and midsize shipbuilders of which credit risks were examined in the first round of restructuring have posted largely increased revenues for 2008 with some achieving revenue of as much as more than KRW 1trn ($750m). ...
2009-04-17 19:00:20
China ready to build aircraft carriers [Shipbuilding]
Canada’s Kanwa Information Center revealed on April 16th that China is ready to construct aircraft carriers at its own facilities. Kanwa has obtained pictures of the inside of a shipyard based in Shanghai and confirmed that the yard is able to ...
2009-04-17 14:38:33
Type approval certification for OceanSaver [Equipment]
OceanSaver, the natural, environmental-friendly and corrosion reducing ballast water management system, announced full Type Approval Certification by the world’s leading classification company, DNV. The type approval certificate has been issued on ...
2009-04-17 11:46:15
Sembcorp Marine welcomes new ceo [General]
Wong Weng Sun (pictured) is rising to the chief executive position at shipbuilder Sembcorp Marine as Tan Kwi Kin fades into retirement. The change is “in line with Sembcorp Marine group’s succession plan and leadership renewal process”, the ...
2009-04-17 11:17:32
Braemar strengthening LPG network [General]
Braemar Shipping Services, a leading London-based shipbroking and shipping services group, is strengthening its position in the liquefied petroleum gas market through the acquisition of product broker and consultant LPG Connect International. The gro...
2009-04-17 11:07:49
Boxship rates has yet to hit rock bottom? [Shipping]
Containership earnings are now down to operating cost levels, raising the question as to whether the charter market has fallen as far as it will go. Rather than accept employment at rates that leave them out of pocket, will owners park even more o...
2009-04-17 11:00:00
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