To be delayed: China's third LNG newbuild [Shipbuilding]
The delivery date for China's third LNG newbuilding has slipped into 2009 with still no sign of a definite handover date for the vessel. Staff at Hudong-Zhonghua Shipbuilding (Group) Co say they cannot disclose the delivery date for the 147,000-cb...
2009-01-19 09:44:28
Hudong-Zhonghua: No hit by Cancellation [General]
Costamare Shipping's cancellation of three post-panamax boxships at Hudong-Zhonghua Shipbuilding will have little effect on the shipyard's production schedule. A source familiar with Hudong claims that the cancellation of the three 8,500-teu vessels ...
2009-01-19 09:39:19
German Crisis: Over 20 cancelled, Further 55 in limbo [Finance]
Tougher financing conditions from banks are putting a further 55 units in limbo. The number of newbuildings threatened with cancellation in Germany continues to rise as banks demand tougher financing terms from owners. Funding for around 55 vesse...
2009-01-19 09:33:30
BP tenders: suezmax tankers [Shipbuilding]
Energy major BP is on the hunt for a trio of suezmax-tanker newbuildings, providing shipyards with a glimmer of light amid the gloom. Shipbuilding sources say BP has put out an open tender for three high-specification vessels. Full details of the ...
2009-01-19 09:18:56
Posco has no interest in Daewoo [General]
South Korean steelmaker Posco won't acquire a controlling stake in Daewoo Shipbuilding & Marine Engineering, Posco's chief executive said last thursday. "We have no interest in buying the shipbuilder," Lee Ku-taek told analysts and reporters afte...
2009-01-19 09:06:56
Korea Eximbank to support shipyards [Finance]
The Export-Import Bank of Korea (Korea Eximbank) Chairman Chin Dong-soo said the state-run lender would come to the rescue of struggling shipbuilding companies. ''I've recently been asked why Korea Eximbank doesn't offer loans to the nation's sma...
2009-01-19 09:04:34
STX Europe to lay off 1,060 [General]
STX Europe is seeking to lay off more than 1,000 workers at its Turku Shipyard in Finland. The former Aker Yards, now Korean controlled, has started talks with unions on the redundancies, which will hit both metal workers and office personnel. ...
2009-01-19 07:36:34
Petrobras to axe FPSO [Offshore]
Petrobras says it has killed the bidding processes for two offshore production units, including a planned FPSO. The Brazilian oil and gas company blames high prices of the proposals received in December. The scrapped units include a planned floati...
2009-01-19 07:32:10
GL buys Singaporean oil and gas firm [General]
Singapore-based "International Refinery Services Pte Ltd" (IRS) is the latest addition to Germanischer Lloyd (GL). With the acquisition of the asset management expert company, the GL Group is expanding its service portfolio for the petroleum, oil and...
2009-01-19 07:28:20
New icebreaker needed in the Great Lakes [Shipbuilding]
Great Lakes lawmakers are hoping that another icebreaker can be added into any kind of infrastructure rebuilding plan that comes out of Congress. Congresswoman Candice Miller (R-MI) recently joined her Senate and House colleagues of the Great Lakes r...
2009-01-19 07:25:12
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