General
Shipping recovery ups Clarksons
Clarksons has posted a 57% year-on-year increase in first half profits on the back of the recovery in the shipping markets. Profits for the first six months of 2010 came in at £12.4m ($19m) versus the £7.9m seen in the first half of l...
2010-08-26 07:16:41
Majors' orders shoot up
South Korean large shipbuilders have won much more newbuilding orders this year compared to 2009 when new ship orders almost ground to a halt due to global financial crisis. 'Big 3', namely Hyundai Heavy Industries, Samsung Heavy Industries and Da...
2010-08-25 06:52:27
STX appoints new bosses
South Korea's STX Group announced new executives appointment on August 24th by appointing new leaders at STX Corporation and STX Offshore & Shipbuilding. STX Europe vice-president Shin Sang-ho (above) was named as president of STX Offshore & Shipb...
2010-08-24 12:14:27
Chinese fear of market collapse
It is reported that although the shipbuilding industry appeared booming in the first half in China with incremental orders four times that of the same period of last year, there is dreary outlook for the second half. China Business News reported ...
2010-08-24 08:24:26
Boxship entry next?: Navios
Could container shipping be the next port of call for Angeliki Frangou’s Navios empire? The Greek owner made a $1bn entry into the tanker market this year via New York-listed Navios Maritime Acquisition and has been an active buyer of bulkers s...
2010-08-24 08:18:39
China: Competitiveness enters top3
On July 22nd, Chinese Academy of Social Sciences issued Blue Book of Chinese Industrial Competitiveness Report 2010. The Blue Book showed that the industrial competitiveness of Chinese shipbuilding enters global top3 club. The Blue Book introduced...
2010-08-24 01:35:58
STX France nominated Russia tender for helicopter carrier
Russia will invite bids from foreign and domestic shipbuilders to build a helicopter-carrier, broadening its options amid lengthy talks with France that have not produced a deal, the daily Kommersant said on Thursday. Kommersant quoted the presid...
2010-08-23 09:30:24
Bangladesh shipbreaking law being framed
Industries Minister Dilip Barua said the government will frame a law soon to develop the shipbreaking industry protecting rights of the workers. The minister said this when a four-member delegation of Geneva-based International Metal Workers Associat...
2010-08-23 07:00:40
CSDC: Recession passed
As is reported earlier, China Shipping Development Company (CSDC) earned CNY979m ($144m) in the first half year. CSDC predicted that generally the market would experience fluctuation in the second half year. It was not optimistic and faced higher pre...
2010-08-23 01:03:34
Grindrod cancels PC orders
South African shipping and logistics group Grindrod has cancelled four product tankers on order from a Chinese yard because of contractual breaches. Grindrod is now seeking the refund of downpayments and interest totalling $71m, although it may st...
2010-08-20 08:32:26
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