General
Korea to lose Greeks ?
The announcement by Chinese prime minister Wen Jiabao of a $5bn fund to support Greek shipbuilding projects at Chinese shipyards and the signing of a series of landmark ship-finance deals during his recent visit to Athens may come as a wake-up call t...
2010-10-11 07:00:26
CSIC: Pursuing China’s dream
In August Chinese media eyed on China Shipbuilding Industry Corporation (CSIC) again. With 320,000dwt MT BW LOTUS and MT BW PEONY rolled out, the record of the largest China-built tankers was refreshed. ‘To build large dock and large ship’ ...
2010-10-11 01:33:37
Nanaimo expects to win BC deal
Canada’s Nanaimo Shipyard is hoping to win a slice of BC Ferries' big vessel upgrade program. BC will spend CAD 20m ($19.76m) on its vessels in the near future following a deal with the federal government. Canada is scrapping a 25% tax on i...
2010-10-08 07:52:03
SCI surges in Mumbai
Shares in Shipping Corp of India (SCI) have surged by the most in six years after the government confirmed it would sell part of its holding. The stock jumped as much as 21% on Wednesday to INR 202.7 ($4.56). India is selling 42.3m shares in the ...
2010-10-07 08:06:24
"Crisis is not over", Polemis
Prudence and patience are essential for the international shipping community as the tonnage oversupply situation continues to put pressure on the industry. The warning was issued by shipping stalwart Spyros Polemis as he opened the Greek Shipping...
2010-10-07 07:48:54
Russian yard to cut 500 jobs
Onega Shipyard CJSC (Petrozavodsk, Russia’s Karelia) plans to cut more than 500 due to financial crises of the enterprise, PortNews IAA reports citing a source in the company management. As the Center for Political and Social Research of the Republ...
2010-10-06 08:05:54
Chinese-built new tanker breakdown
A 2010-built tanker suffered an engine breakdown and needed a tow off France. French authorities received a call from the 8,800-dwt chemical carrier Pyxis Beta (built 2010) on Saturday 50 nautical miles off Belle-Ile. The vessel, built in China a...
2010-10-06 08:01:49
Chinese cruise industry to be booming
In the past cruise industry solely belonged to British Royals. Both well-known Titanic and Queen Mary 2 are royal cruises. However, nowadays the cruise tourism has gotten into normal families in America and Europe. In China, currently the growth o...
2010-10-06 01:15:33
GE offloads single-huller
Great Eastern Shipping continues to shed single-hulled tankers from its fleet. Bombay-listed Great Eastern has sold the 98,000-dwt Jag Lamha (built 1987), it tells investors Monday. Great Eastern does not say how much the vessel fetched, but i...
2010-10-05 08:05:42
Atlanship scraps oldie at $485/ldt
Atlanship of Switzerland has taken advantage of premium prices on offer in India to dispose of its oldest vessel. It has sold the 11,092-dwt juice carrier Orange Star (built 1975) at $485 per ldt, cash buyer GMS says. This works out at $3.46m...
2010-10-05 07:59:25
Start  Prev  581  582  583  584  585  586  587  588  589  590  Next  End