Cruising for Blue Ocean [Offshore]
New shipbuilding orders have ceased in the wake of global financial crisis and economic slowdown and South Korea’s large shipbuilders are now looking forward more to receiving offshore plant orders than to winning commercial ships. Offshore unit...
2009-04-06 06:06:47
Samsung’s goliath to be dismantled [General]
Samsung Heavy Industries’ 900-ton goliath crane which had fallen down in a gale on March 21st is to be moved to another industrial complex for dismantling work. According to Samsung Heavy’s announcement made on April 3rd, the shipbuilder has w...
2009-04-03 16:01:39
China eyes building Q-Flex [Offshore]
China is designing one of the world's biggest liquefied natural gas tankers to transport the cleaner-burning fuel, competing with South Korean builders including Hyundai Heavy Industries. Marine Design and Research Institute of China plans to bui...
2009-04-03 11:48:13
Indonesia lends another $25.6m to shipbuilder [Finance]
2009-04-03 11:33:23
Hyundai-Vinashin launches its first ship [Shipbuilding]
Hyundai-Vinashin Shipyard in Vietnam, a joint venture between Hyundai Mipo Dockyard of South Korea and Vietnam’s state-owned shipbuilding group Vinashin, announced on April 2nd that it has launched its first bulk carrier. The joint stock company...
2009-04-03 11:14:06
MOL halts new orders [Shipping]
Mitsui OSK Lines halted new orders for the ships as demand for steel drops. Mr Masafumi Yasuoka a senior executive officer at the shipping line in an interview in Tokyo said that the company is scrapping up to seven iron ore carriers and may not rene...
2009-04-03 07:55:28
Japanese holds back plate exports to China [Equipment]
It is reported that Japanese integrated steelmakers are expected to hold back on their deals of ship plate exports to China's local shipbuilding companies with no Japanese affiliation for shipments in the April to June 2009 quarter. Behind the outloo...
2009-04-03 07:53:23
CSBC wins order for two barges for $107m [Shipbuilding]
Taiwan’s CSBC has won a welcome order for two oil barges from state refiner CPC. The Economic Daily News, citing an unidentified official at the shipbuilder, said the two companies have agreed on a price of TWD 3.6bn ($107m) for the units. The y...
2009-04-03 07:49:15
Navios avoids option to buy newbuilding [Shipping]
Navios Maritime Partners said Thursday that it will eschew an option to buy a capesize newbuilding from its parent. The Navios Maritime Holdings spin-off said its decision came "in light of the unfavourable conditions in the capital markets." The ...
2009-04-03 07:42:06
Golden Ocean bags $110m from equity issue [Finance]
John Fredriksen’s Golden Ocean has raked in more than expected from an equity issue which completes the rescue of the company. It has bagged $110m from the move after releasing an additional 15 million shares due to high demand. Fredriksen’s H...
2009-04-03 07:37:50
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