General
Boxship orders to hit 500,000TEU
Containership newbuilding orders are forecast to exceed 500,000 teu this year after coming to a near standstill in 2009, with the pace of contracting picking up further in 2011. Evergreen broke the orders drought last month with a series of 10 shi...
2010-08-20 07:39:46
COSCO's ‘Buy Fish’ philosophy
Wei Jiafu is a smart man, who prefers to keep silence until the market slumps but still alive. In Piraievs, COSCO’s flag was raised on June 1st. From that day, COSCO took over the port. In the first half of 2010, Greek government issued privatiz...
2010-08-19 01:02:03
Bangladesh yard fire hurts seven
Seven workers have been injured in a fire at a Bangladesh shipbreaking yard. The blaze broke out on Monday in Sitakunda while a tanker was being broken up with a gas cutter. Authorities said sparks caused the fire at the ZN Enterprise plant. ...
2010-08-18 08:41:13
Norden won't order newbuilds
Carsten Mortensen has joined the chorus of shipping names slamming the flood of dry-cargo newbuilding orders placed in the first half of 2010. Denmark's Norden CEO Mortensen says his company’s money is better spent on tanker tonnage right now and ...
2010-08-18 08:35:56
Hanjin falls in H1
Hanjin Heavy Industries & Construction posted much deteriorated business results for the first half of this year. The South Korean shipbuilder recently announced that it has achieved revenue of KRW 1.3295trn ($1.13bn) for the January-June period, ...
2010-08-18 07:07:41
China leads the world
China leads the world in shipbuilding, according to the latest statistics released on the official Web site of the China Association of the National Shipbuilding Industry. In the first half of 2010, China's shipbuilding capacity, the number of new ...
2010-08-17 09:40:57
Pipavav raises money
India’s Pipavav Shipyard is raising cash after it announced a first quarter loss. The company will sell 25.2m convertible warrants worth INR 2.5bn ($53.4m) to founder and major shareholder SKIL Infrastructure SKIL lifted its share in the ne...
2010-08-17 08:16:23
China to overcome weakness
Recently a seminar on Chinese ship export was convened in Nantong, Jiangsu Province. Experts said definitely China had become a large country in shipbuilding industry. However, experts thought China’s weakness would influence the growth of ship exp...
2010-08-17 01:04:39
AFP breaks into the black
Rising revenue and positive financial items lifted Aker Floating Production into the black in the second quarter, setting its share price alight. Oslo-listed AFP banked $4m in the three months to the end of June, overturning a loss of $9m a year ...
2010-08-16 07:30:45
Hyundai Samho inks wage deal
South Korea's Hyundai Samho Heavy Industries labor and management held a signing ceremony for '2010 Collective Wage Agreement' on August 13th. At the event, they promised to make more efforts to establish an advanced labor-company culture down the...
2010-08-13 16:41:25
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