STX accelerates integration: STX Europe delists [Shipbuilding]
STX Corporation, South Korea’s business group, plans to maximize the synergy between its shipbuilding bases in South Korea, Europe and China with the delisting of STX Europe (former Aker Yards). STX on February 10th said that Oslo Stock Exchange...
2009-02-11 06:26:40
China's shipbuilding orders may halve in 2009 [Shipbuilding]
New orders of China's shipbuilding industry in 2009 are expected to fall nearly 50 percent from 2008 to as low as 20 million deadweight tons (DWT), according to the China Association of the National Shipbuilding Industry (CANSI), an industry associat...
2009-02-10 13:26:29
Scrapping slows as chartering picks up [General]
A total of eight bulkers were sent for scrapping last week as chartering activity picked up in dry cargo markets. But the pace of demolition is slowing, with 10 and 11 vessels sold to breakers in the two previous weeks. Derivatives broker Imarex A...
2009-02-10 08:16:08
German shipyard Peene-Werft wins boost [Finance]
Germany’s KfW IPEX-Bank has stumped up the cash to finance two Arkas containerships at Peene-Werft. The move secures employment at the German yard “in a difficult market situation”, the bank said. The two 1,600-teu ships are numbers 13 and 1...
2009-02-10 08:11:54
DryShips waived again [Finance]
DryShips has received a waiver from Nordea Bank Finland after it breached the covenants of an $800m loan used to fund its takeover of Ocean Rig. The repreive on the Primelead facility, which will last for the next six months, is the second given t...
2009-02-10 08:06:55
Qatar produces 77m tons LNG: 2012 [Offshore]
Qatari Oil Minister Abdullah Al-Attiyah has said Qatar would reach its target LNG capacity of 77 million tonnes per year by 2012. Attiyah said Qatar's gas production currently stood at 31 million tonnes a year and would increase by 46 million tonn...
2009-02-10 08:01:38
Keppel delivers 5th Aban jackup rig [Offshore]
On Feb. 6, Keppel FELS Limited announced that it successfully delivered the jackup drilling rig, Deep Driller 8, to Aban Singapore Pte Ltd (Aban) on time, within budget and without incidents. Deep Driller 8 is the fifth unit to be delivered in a ...
2009-02-10 07:57:51
Rongsheng delays IPO [Finance]
Chinese shipbuilder Rongsheng Heavy Industries has postponed its plan for an over $2bn overseas initial public offering. According to a source, the firm, which had originally planned to raise more than $2bn in an overseas listing this year, has no...
2009-02-10 07:55:25
STX Europe set to delist from Oslo [Finance]
STX Europe, formerly Aker Yards, will delist from the Oslo stock exchange on Feb. 10 and become a full division of S. Korea’s STX Group. The Korean shipbuilder began acquiring shares in Aker Yards in 2007, shortly after industrialist Kjell Inge Rok...
2009-02-10 07:52:07
Another worker died in accident-prone Tuzla shipyards [General]
Another worker died from injuries sustained in a work-related accident that occurred at a shipyard in İstanbul’s Tuzla district. The Dentaş shipyard in Tuzla was the scene of the most recent accident. Shipyards in the district have re...
2009-02-10 07:46:58
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