Polsteam cancels shipbuilding order [Shipbuilding]
Polish Steamship (Polsteam) has scrapped its order for two 3,000-lane-metre ro-paxes at the domestic Szczecin shipyard. The vessels were due for delivery to Polsteam’s subsidiary Unity Line in 2010 and 2011, but Unity chief Piotr Waszczenko told...
2009-02-17 07:45:22
Two more Asian liners close operations [Shipping]
Two more Asian liners have ceased operating amid the harsh operating environment. Hong Kong start up Great Ocean Container Lines, not even a year old, has been wound up with bankruptcy underway. Meanwhile, Singapore's intra-Asia specialist New Econ L...
2009-02-17 07:39:17
STX Pan Ocean gets loan for vessel purchases [Finance]
South Korean bulk specialist STX Pan Ocean has confirmed that DVB Bank, Fortis Bank and state-owned Korea Development Bank have joined forces to offer the company a $41.3m five-year two-tranche loan. The facility offers a $36m senior tranche and a $5...
2009-02-17 07:31:54
STX France offers new lay off plans [General]
STX France has made fresh proposals to meet unions’ claim for salaries to be maintained during planned short-time working at the company’s main Saint Nazaire shipyard in March and April. The unions have yet to give their response to the propos...
2009-02-17 07:26:56
Stimulus includes $100m for small shipyard grants [Finance]
The just-passed American Recovery and Reinvestment Act includes $100 million for the U.S. maritime Administration to distribute as supplemental grants for the assistance of small shipyards, $60 million to states for ferry and ferry terminal projects,...
2009-02-17 07:22:56
3. Maj wins tanker order [Shipbuilding]
Croatia’s 3. Maj shipyard has clinched a vital tanker order from domestic owner Uljanik Plovidba. The loss-making yard signed contracts for two 51,800-dwt ships on Saturday at a combined cost of $106.3m for delivery in 2010 and 2011. The governm...
2009-02-17 07:16:09
‘Mobile Harbor’: Reverse-conception [General]
‘Mobile Harbor’, one of the prospective growth engines, of which patent is held by Korea Advanced Institute of Science and Technology (KAIST), is set to be put on exhibition in the International Exposition Yeosu Korea 2012. KAIST, Changwon Nation...
2009-02-17 06:39:18
Facility investment to be halved [Shipbuilding]
Shipbuilding related enterprises’ investment in facilities in 2009 is expected to decrease greatly in South Korea. The Korea Chamber of Commerce & Industry (KCCI), upon recent investigation of some 1,000 companies on ‘2009 facility investment ...
2009-02-17 06:37:53
'Oversupply' of LNG in 2009 [Offshore]
An additional 100 million tonnes of liquified natural gas (LNG) is scheduled to come online in 2009 and 2010, a 50% increase on current capability, creating a possible oversupply on world markets a report by the Energy Intelligence agency has said. Q...
2009-02-16 11:23:50
Ship breaker fined for environment pollution [General]
Bangladesh’s High Court (HC) has fined owner of ship breaking company Madina Enterprise Joynal Abedin Tk one lakh for continuing toxic ship breaking ignoring the court's order. The court ordered him to pay the amount to Chittagong's Deputy Commissi...
2009-02-16 11:03:05
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