Oslo Marine delays orders and payment dates [Shipping]
Russian shipping entrepreneur Vitaly Arkhangelsky has negotiated delayed delivery and payment dates for Oslo Marine Group (OMG) newbuildings in The Netherlands and Croatia. Dutch shipbuilder Damen says it still hopes that the OMG orders at the yard f...
2009-03-30 06:36:39
Thai player cancels quartet [Shipping]
Thoresen Thai has abandoned its handymax orders at an Indonesian yard because of heavy delays. Thai dry-bulk operator Thoresen Thai has walked away from a quartet of handymax bulkers it ordered at PT Pal Shipyard in Indonesia. Well-placed sources ...
2009-03-30 06:33:24
20% of tankers will not be delivered [General]
A fifth of tankers scheduled to enter the fleet this year will not be delivered, according to London broker Simpson Spence & Young. Of the 50 vessels on order, representing 56m dwt, which are due to enter service in 2009, only 45.2m dwt will actua...
2009-03-30 06:24:54
Hyundai eyes $10.5bn [Shipbuilding]
South Korea’s Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, revealed it aims to receive new orders worth some $10.5bn in shipbuilding and offshore sector for 2009. The target is 32.6% lower than last year’s actual order-in...
2009-03-30 06:11:33
Out of the worst season [Shipbuilding]
Newbuilding market is showing sings of getting out of the worst situation. In Japan it is said newbuilding inquiries are increasing. It seems stabilizing dry bulk market and declining newbuilding prices are contributing to the movement. Shipbui...
2009-03-30 06:06:02
1 out & 2 workout: Korean shipbuilders [Finance]
In South Korea creditor banks announced on March 27th they will cease financial support for four builders and one shipyard and put another 15 firms under debt rescheduling programs. The decision is based on the lenders' credit evaluation of 74 sm...
2009-03-28 08:47:46
‘STX Offshore & Shipbuilding’ confirmed [General]
STX Shipbuilding of South Korea held a general meeting of stockholders and a board meeting on March 27th and elected STX Shipbuilding president Kim Gang-soo (pictured right) as a representative director. Also, the shipbuilder has changed its name ...
2009-03-27 15:04:42
3 dredgers cancelled at Asia HI [Shipbuilding]
Belgium’s Jan De Nul NV has reportedly cancelled three dredging vessels on order at South Korea’s Asia Heavy Industries. The ships were scheduled to be delivered to the owner from August to December last year but the construction of the vessel...
2009-03-27 12:30:19
Kongsberg awarded Italian submarines [Equipment]
KONGSBERG has signed a contract with a scope of roughly MNOK 150 with the Italian shipyard Fincantieri for command and weapon control systems for two new U212A Class submarines currently under construction in Italy for the Italian Navy. The contra...
2009-03-27 09:17:48
Only 2 Orders [General]
Korean shipbuilders received only two orders in February. Global shipbuilding industry researcher Clarkson said Wednesday only seven shipbuilding contracts were made worldwide last month, with Korea receiving two orders, China four, and Europe on...
2009-03-27 08:50:49
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