Kanasashi orderbook amounts to 25 ships [Shipbuilding]
It is believed that the cash-strapped Kanasashi Heavy Industries of Japan currently has an orderbook of about 25 newbuildings, comprising around 10 units of 12,000-dwt 'tween-deckers (nearseas vessels) and more than 10 Handysize bulkers centering on ...
2009-04-10 07:41:38
Boxship orderbook shrinks to all-time low [Shipbuilding]
The backlog of newbuilding orders for containerships has now sunk to the lowest level in 18 months, according to a survey by AXS-Alphaliner, a French maritime consultant. The slump reflects liner operators' reluctance to order newbuildings amid s...
2009-04-10 07:34:42
Bangladesh steel price fall hurts ship values [General]
Ships sold for demolition have lost 15% of their asset values in the last week, after Bangladeshi scrapping prices fell suddenly. Steel prices in Bangladesh have plummeted by around $70 per ldt, and the fall has been “echoed around the world”,...
2009-04-10 07:31:08
Kanasashi looking for new lenders [Finance]
The “temporary” closure of Japanese shipbuilder Kanasashi Heavy Industries has alarmed local authorities in Shizuoka city, where the company operates.Kanasashi, which has a 25-ship orderbook including ten 33,000 dwt bulk carriers shared between H...
2009-04-10 07:25:52
China iron ore imports rise [Equipment]
Chinese iron ore imports reached a record monthly high of 51m tonnes last month, as capesizes fixed during February’s 2009 freight rate surge discharged their cargoes. The figure represents a 9% rise from February’s imports of 46.7m tonnes, bu...
2009-04-10 07:19:56
Erie Shipbuilding still working [Shipbuilding]
Two months after Erie Shipbuilding in Erie, Pa., reportedly laid off its 100 employees and closed its doors, work at the yard is continuing--though at a low level. GoErie.com says that "while the company struggles to get financing to fund a massiv...
2009-04-10 07:14:02
ABG installs India's largest Syncrolift [Equipment]
ABG Shipyard, India's largest private shipbuilding company, is to install a Rolls-Royce Syncrolift shiplift at its Dahej shipyard, reports the Times of India. The 270 m long by 47 m shiplift, with a 30,000 t lift capacity, will be the largest in ...
2009-04-10 07:10:55
Cosco cuts capital expenditure by 37% [Shipping]
The “difficult situation” facing the container terminals and box leasing businesses is likely last for the whole of this year, according to Cosco Pacific, China’s largest container terminal operator. Vice chairman and managing director Xu Minji...
2009-04-10 07:07:34
LNG tonnage to grow by 25% [Offshore]
The global liquefied natural gas tanker fleet may expand by almost a quarter in the coming years as newbuildings come on stream to cope with rising production of LNG, according to a report by Merrill Lynch. Analysts at the US investment bank expe...
2009-04-10 07:01:50
Post-pax boxship cancellations to rise [Shipbuilding]
Owners of post-panamax containership newbuildings at Asian shipyards may choose to walk away from orders due for delivery in 2010 and beyond, and forego first instalments already paid, DVB Group said in its Post Panamax Container Vessel Market Outloo...
2009-04-10 06:57:06
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