11.3% of global containerships on standby [Shipping]
According to a survey conducted by French maritime consultant AXS Alphaliner, there were 485 containerships with total capacity of 1.42 million TEUs on hold, including moored at ports and anchorages worldwide, as of March 30. The containerships put o...
2009-04-03 07:34:12
ASI invests in 10 vessels [Shipping]
Anchor Ship Investment (ASI), which operates Japan's largest ship investment fund, projects that its ship investments will reach 10 units shortly. The company has been advancing the selection of ships to invest in since it formed the No.1 fund totali...
2009-04-03 07:29:00
Sembawang secures LNG repair deal [General]
Singapore’s Sembawang Shipyard has won another prestigious repair contract for liquefied natural gas carriers, this time from BG, the UK integrated gas major. The favoured customer contract awarded by BG LNG Services provides for shiprepair, re...
2009-04-03 07:27:42
Fincantieri labor deal rough going [General]
Italian state shipbuilder Fincantieri secured a split decision in its fight to secure agreement on a new labour contract for its Italian yards, with two of the big three metalworkers’ unions accepting its offer on Wednesday but the third, and large...
2009-04-03 07:25:07
Hamworthy orderbook shrank to $396m [Equipment]
UK Marine Engineering group, Hamworthy, has announced its orderbook has fallen below last year’s levels thanks to the stalled shipbuilding sector. Its orderbook as of the end of February stood at £270m ($396m) compared to £285m a ye...
2009-04-03 07:22:06
Worse is yet to come for container lines [Shipping]
Hamburg Süd president Ottmar Gast has warned the container industry to prepare for much worse to come as it struggles to get to grips with what he dubbed an “unprecedented” crisis. During a visit to the German company’s largest transhipme...
2009-04-03 07:17:53
Philippines pressed on shipbreaking [General]
Shipbreaking could turn the country's ports and beaches into toxic dumpsites in the guise of creating jobs for Filipinos, environment and labour groups warned on Tuesday, according to local media. In a joint statement, the Alliance of Progressive Lab...
2009-04-03 07:13:59
Dry bulk recovery has begun [Shipping]
The worst is over for the dry bulk shipping sector according to Asian-based owner and operator Nobu Su, who has rebuilt his fleet to capitalise from any upswing by chartering more than 50 bulk carriers. The influential Taiwanese owner of 50-year-o...
2009-04-03 07:08:45
Austal wins order for a catamaran ferry [Shipbuilding]
Austal has signed a contract with Denmark's Nordic Ferry Services worth approximately AUD $114 million (about US $79 million). It will see Austal build what will be its largest catamaran ferry yet - a 113 m vehicle/passenger catamaran for Bornholmstr...
2009-04-03 07:03:02
Kanasashi Heavy stops operation [Finance]
A cash-strapped Japanese shipyard is stopping its shipbuilding activities until help arrives. Kanasashi Heavy Industries is reported to have ceased operations because it failed to secure funds from domestic banks. A shipyard official confirms the ...
2009-04-03 06:51:26
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