CMA CGM goes on with its newbuildings [Shipbuilding]
CMA CGM, owning world’s third largest fleet, said it has no plan of newbuilding contract cancellation and will promote the 77-newbuilding deals as scheduled amid worldwide financial meltdown. The French shipowner takes the largest share among th...
2008-10-24 17:18:04
Chinese shipbuilding industry needs countermeasure for finan... [Shipbuilding]
While the views on the crisis of the present marine shipbuilding industry deriving from worldwide financial crisis vary, many people are saying Chinese shipbuilders should work on strengthening their countermeasure to the risks. The advent of worldwi...
2008-10-24 16:01:49
Hanwha to be chosen as priority negotiator [Finance]
Hanwha finally won the bidding war for Daewoo Shipbuilding & Marine Engineering (DSME) sale and was chosen as the priority negotiator, beating off Hyundai Heavy Industries. Korea Development Bank (KDB) confirmed in its main office in Seoul Friday tha...
2008-10-24 16:00:00
Siba books pair at STX [Shipbuilding]
Siba Ships is adding to its kamsarmax bulker newbuilding portfolio. The Italian owner has ordered two 81,000-dwt bulkers at STX Shipbuilding in South Korea. The pair are said to be optional units from July and scheduled for delivery in 2011. Price...
2008-10-24 15:22:18
Chinese yard quits shipbuilding [Shipbuilding]
According to overseas report, a Chinese newly-rising nongovernmental dockyard, expecting to mainly build Handymaxes, in Jiangsu Province, China, has abandoned the idea of pushing its business forward into newbuilding sector as it could not receive th...
2008-10-24 11:45:13
Asia HI is about to win work barge [Shipbuilding]
Asia Heavy Industries of South Korea announced on October 22, following the receipt of order for three high value-added special ships from Belgium, another deal for four work barges with Singaporean owner is near at hand. The ship prices are said ...
2008-10-24 11:44:58
Hanwha, priority negotiator? [Finance]
Hanwha consortium is reportedly highly likely to be chosen as the priority negotiator for Daewoo Shipbuilding & Marine Engineering sale. An official in financial sector revealed Hanwha got the highest marks after KDB’s investigation of bid packa...
2008-10-24 10:05:55
Sovcomflot considers entering into LNG-FPSO business [Shipbuilding]
Major Russian shipping company, Sovcomflot seems to consider making inroad into the LNG-FPSO business which is expected to arouse increasing demand in the future. Sovcomflot is now probing into business opportunities, as well as being in the proce...
2008-10-24 09:06:09
Tanker leads newbuilding market [Shipbuilding]
Newbuilding market freeze persists and shipowners and shipyards are assuming a wait-and-see attitude. Bearish freight markets, financial jitters, and increase in ship maintenance costs, all of these are enhancing shipbuilding industry players’ w...
2008-10-24 07:19:50
Hanjin Shipping receives latest-model boxship [Shipping]
South Korea’s Hanjin Shipping puts a state-of-the-art 4,300-teu containership ‘Hanjin Kingston’ into Asia-Europe line. Hanjin Kingston was christened at Samsung Heavy Industries in Geoje Island Thursday. Hanjin Shipping said the ship will be...
2008-10-23 16:30:10
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