Hudong may build new type LNG carriers for BG, Golar [Shipbuilding]
As reported earlier, Hudong-Zhonghua Shipbuilding of China is said to be in talks with U.K. energy giant BG Group and John Fredriksen-led LNG carrier company Golar LNG Ltd. for the construction of LNG carrier newbuildings. It is now presumed that the...
2009-03-02 07:31:08
Tankers are increasingly being used for oil storage [Shipping]
Moves to use tankers, centering on VLCCs, for crude oil storage are expanding. According to foreign media reports, at least 80 million barrels of crude oil are now stored in tankers, and as many as 45 VLCCs are used for that purpose. The number accou...
2009-03-02 07:26:42
Small and midsize Chinese yards to face stiff challenge [Shipbuilding]
It is reported that large sized shipyards will surely benefit from the revitalization plan of shipbuilding industry in China. By comparison, medium and small size ones are likely to be washed out firstly amid the sluggish market. Reporters from Shang...
2009-03-02 07:19:08
Poland to sell massive shipyards in March [Finance]
Poland will open tenders to sell off shipyards employing thousands of people in Szczecin and Gdynia on March 9 and 16 respectively, the Agency for Industrial Development (ARP) said Thursday. After a four-year dispute between Warsaw and Brussels o...
2009-03-02 07:15:05
Dockwise out of the red [Finance]
Heavy lift player Dockwise has managed a big profit turnaround in 2008, erasing the previous year’s big loss. The Bermuda-based owner said it made $49.97m on a net basis, against a loss of $75.77m in 2007. Revenues jumped to $456.6m from $290...
2009-03-02 06:58:16
Owners pile in for Peru LNG tender [Offshore]
Spanish LNG business partners Repsol and Gas Natural have received a strong response for their tender for vessels for medium-term charter on Peru LNG business, which closed last week. Brokers say the number of vessels ran into double figures. T...
2009-03-02 06:54:27
An interesting year ahead for LNG [Offshore]
Eisbrenner believes 2009 will be an interesting transitional year for the LNG market. She says for years the industry has believed it was moving toward a global gas price when in fact it has done the opposite and diverged. "I see Asia as at the...
2009-03-02 06:49:33
Niche focus may save German shipbuilding [Shipbuilding]
Various German shipyards are struggling but industry leader Werner Lundt reckons the world's fourth-largest shipbuilding nation has a better chance of surviving than some of the mass-market facilities in Asia. Plenty hinges, however, on what financia...
2009-03-02 06:40:37
CSIC sells ship equipment subsidiary [Equipment]
China Shipbuilding Industry Corporation is selling a Shanghai-based non-core ship equipment subsidiary for Yuan1.7m ($246,000). The state-owned shipbuilder listed a 96.4% stake in the Shanghai Hengtong Power Station Co for auction on the Shanghai Uni...
2009-03-02 06:35:22
More good than predicted: 'Start-up' yards [Shipbuilding]
Shipbroker Clarkson has questioned whether the inability of "start-up" shipyards to deliver on time and to contract will rescue the bulker sector from huge oversupply. Managing director of Clarkson Research Services Martin Stopford says some already ...
2009-03-02 06:31:37
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