Irving receives order for OSV [Offshore]
Canada's Atlantic Towing has forged a long-term charter deal with EnCana Corp that will see it build an offshore supply vessel (OSV) at Halifax Shipyard. Atlantic, the vessel operating subsidiary of Irving Shipbuilding, said Thursday that it will ...
2009-03-13 07:54:42
Tsuji-China continues operation [Finance]
Tsuji Heavy Industries (Jiangsu) Co. in Zhangjiagang, Jiangsu province, the local Chinese subsidiary of major deck equipment manufacturer Tsuji Heavy Industries which is currently undergoing corporate rehabilitation, continues to construct newbuildin...
2009-03-13 07:47:27
Samsun seeks bankruptcy protection in US [Finance]
Samsun Logix has become the fourth shipping company to seek parallel bankruptcy protection in New York, after being granted similar protection by Seoul’s central district court. The move, above all, is a bid to stave off attempts to attach dollar-d...
2009-03-13 07:41:01
Chinese want iron ore prices set at 2007 [Equipment]
The annual tit-for-tat that is the iron ore price negotiations between Chinese mills and overseas mines is hotting up with the mills holding the whip hand for the first time in years. Shougang Iron & Steel, China's sixth-largest steel maker, said on ...
2009-03-13 07:36:49
Containerlines move as one to raise rates [Shipping]
Having slashed capacity by laying up ships, cutting out chartered tonnage and rationalizing routes the world’s leading containerlines are now all seeking rate rises maintaining the current rates are simply unacceptable. Korea’s Hanjin Shipping an...
2009-03-13 07:31:36
Beijing's focus on larger shipyards [Shipbuilding]
The government is preoccupied with saving larger shipyards with many smaller ones in jeaopardy which could well present an opportunity for some, says Mao Yongbong, president of Hubei Baibuting Group. His firm has acquired and is reorganizing six priv...
2009-03-13 07:27:59
Seajacks takes delivery of harsh environment liftboat [Offshore]
Oslo-listed Seajacks International (SEAJ) has taken delivery of the first of two GustoMSC NG2500X harsh environment liftboats from Lamprell Energy Limited's offshore fabrication yard in Jebel Ali, Dubai. Seajacks Kraken was delivered on time and o...
2009-03-13 07:23:50
Low reserves to boost oil and gas demand [Offshore]
Demand for oil and gas is expected to surge next year as governments have not been replacing reserves at the required rate, Iain Light, global oil and gas director at Lloyd’s Register EMEA warned this week Strategic reserves in countries like t...
2009-03-13 07:20:13
Doomsday scenario for shipping [Shipping]
An apocalyptic vision of a future in which dysfunctional shipping markets trigger an outbreak of protectionism in trade and the creation of national fleets is outlined in a review of the current crisis by Consultants on Maritime Transport, an indepen...
2009-03-13 07:15:20
Thai anticipates high demand for OSVs [Offshore]
Italthai Marine, a local shipbuilder and repairer under the Italthai Group, is optimistic of achieving 200-per-cent revenue growth this year thanks to persistently high demand for offshore supply vessels (OSV) in the crude-oil production business. As...
2009-03-13 07:10:13
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