Shipbuilding warms up in Hechuan, China [Shipbuilding]
It is reported that Chongqin eyes orders increasing consumedly in the shipyards in Hechuan due to steel price drop. Till the end of February, there were 18 bulk carriers, being built in 4 local boatyards, who are Huahai, Dongdu, Lunsi and Yunmeng...
2009-03-11 16:02:45
Dry bulk orderbook poses major challenges [Shipping]
As the global dry bulk orderbook stands at massive heights, more and more ship owners are actively looking to either delaying scheduled deliveries or cancelling orders, especially for ships with expected delivery at the second half of 2010 and 2011. ...
2009-03-11 15:52:10
Karmsund bankruptcy leads to order cancellations [Offshore]
Norwegian shipyard Karmsund Maritime Services (KMS) is to petition for bankruptcy. That has led to the cancellation of the contracts for two anchor handlers for Solstad Offshore ASA (SOFF) and comes within days of the cancellation of the orders fo...
2009-03-11 15:40:14
Austria’s First Lady names DSME-built VLGC [Shipbuilding]
The wife of Austria’s President, Madam Margit Fischer became a sponsor of a ship built by Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea. On March 10th, she named the world’s biggest 84,000-㎥ VLGC “BW Austria”. At the ...
2009-03-11 11:24:43
No pullback in orderbook: Sinotrans [Shipping]
Sinotrans says it has no plans to scale back its orderbook as the gloom is beginning to lift in the dry-cargo sector. The shipowner, which yesterday unveiled a 146% rise in full-year profit, will still splash out $388m on new vessels over the next...
2009-03-11 10:19:38
LNG carriers on standby reach all-time high [Shipping]
The number of LNG carriers on standby worldwide due to cargo shortage has reached a record-high of above 50 units. About 20% of the LNG carrier fleet has now become surplus and operators are struggling to cope with the situation. But, it is projected...
2009-03-11 08:27:39
STX Europe reveals new cruise ship concept [Shipbuilding]
Korean-owned STX Europe is preparing to unveil its new cruise liner concept later this month at an industry gathering in Miami. The odd but intriguing-looking design – at least going from an artists’ impression – will be revealed in ...
2009-03-11 07:58:54
Norden axes two bulker newbuildings [Shipbuilding]
Norden has quashed a pair of 50%-owned bulk-carrier newbuildings in China but has received the deposit back in full. Fledgling yard Jiangmen Nanyang is understood to be the shipbuilder concerned as the bulker and tanker owner has a sextet of 30,000-d...
2009-03-11 07:52:23
Grain demand sends panamaxes soaring [Shipping]
Panamaxes have led a strong revival in bulk fortunes over the past few days. The Baltic Dry Index yesterday rose to the highest since October 9 on demand to ship South American grains. The index advanced 37 points, or 1.7 percent, to 2,262 points...
2009-03-11 07:47:50
Korea pitches Brazil: Offshore field [Offshore]
South Korea is hoping to participate in a large-scale oil field development project in Brazil, taking advantage of its successful shipbuilding industry, local media in Seoul reported. The Knowledge Economy Ministry on Sunday said it will seek to ...
2009-03-11 07:44:58
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