Atlantska cancels two bulker newbuilds at China [Shipbuilding]
Croatian owner Atlantska Plovidba has scrapped or altered deals for three bulkers at two shipyards to lower its expenditure in poor markets. The Zagreb-listed company said contracts for the first two of four 80,300-dwt panamaxes on order from Jian...
2009-02-09 07:50:26
Europe focuses on digital communication networks in shipbuil... [Shipbuilding]
As Japan's Ministry of Land, Infrastructure, Tourism & Transport (MLIT) has just launched a strategic study on closer collaboration between the shipbuilding and marine equipment industries, Europe has wound up a similar project with a report underlin...
2009-02-09 07:44:33
Diesel engine output surpassed 1,000 units in Japan [Equipment]
Diesel engine output in 2008 by 11 engine makers in Japan topped 1,000 units for the first time with 1,045 units aggregating 10.83 million hp, according to a survey by Kaiji Press. The total in terms of hp slightly sagged from the record-high of 11.1...
2009-02-09 07:38:46
L&T's Ennore shipyard to come up in 18 months [General]
Larsen & Toubro's (L&T) proposed integrated ship building yard at Ennore, Tamil Nadu, would be ready in 18 months, a top company official said on Friday. The project would come up at a cost of Rs 2,000 crore ($410m), Mr K Venkataramanan, Presiden...
2009-02-09 07:32:51
Greece tops newbuilding list but global investment slides [Shipbuilding]
Greece and Germany ended 2008 almost level-pegging in the sums invested by owners in newbuildings. Contracts worth $18.3bn were signed by Greece, as compared with $17.6bn by Germany. The figures, contained in shipbroker Clarkson's latest World Shi...
2009-02-09 07:13:34
Prices drop for modern MR tankers [Finance]
A sale by SK Shipping shows a sharp fall since three months ago. Prices for modern tankers are under pressure with SK Shipping of South Korea said to have sold a medium-range (MR) products tanker for a price substantially below what the sistership...
2009-02-09 07:09:52
Cesa urges shipyards to act responsibly [Shipbuilding]
Cesa chief says slashing newbuilding prices could turn a crisis into a disaster. A leading figure in European shipbuilding has urged yards throughout the world not to slash newbuilding prices below cost because of the devastating impact it could h...
2009-02-09 07:05:12
Greek delivery tally set to fall [Shipbuilding]
Some Greek owners want to delay delivery of newbuildings in the face of a grim dry-bulk outlook. Greek shipowners are expected to take delivery of around 120 new bulkers by the end of the year but fears that the dry-bulk sector is facing a prolong...
2009-02-09 06:58:32
Marsh grabs Vela account [General]
The world's largest insurance broker has taken on a Saudi oil major. A hotly contested beauty contest to place the full insurance programme for leading tanker owner Vela has been won by the Marsh broking group. The company takes over just before t...
2009-02-09 06:53:47
GdF Suez LNG’s fleet strategy [Shipping]
GdF Suez LNG vice-president Jacques Blanchard explains the strategy behind the company's soon-to-be 20-strong fleet. When French utility giant Gaz de France (GdF) and energy group Suez merged last year, LNG was named as one of the new group's key ...
2009-02-09 06:49:10
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