General
D'Alesio offloads supramax resale
Italian shipowner D'Alesio has sold one of its three bulkers on order at Hyundai Mipo Dockyard in South Korea after receiving an offer it could not refuse. It was originally thought the 56,000-dwt ship had been bought by a Turkish company but Gaet...
2010-06-10 08:17:14
Greek Premier visits Posidonia
Greek Prime Minister George A. Papandreou visited Posidonia 2010 on Tuesday and said, “The shipping industry is the strength of the Greek nation, the leverage of our development and the power of our voice to the international community as expressed...
2010-06-10 08:03:14
Pipavav-Sembcorp to set up JV
India's newly inaugurated Pipavav Shipyard is reportedly in talks over a joint venture with Singapore-based Sembcorp Marine. The idea is to help it win overseas orders, the Mint newspaper reported. The two companies are likely to set up a spe...
2010-06-09 08:28:02
Orderbook change saves industry
The culling of ship orders on the back of the global economic slump “saved us from ourselves”, a leading classification figure claims. Richard Sadler, chief executive of Lloyd’s Register, also cast doubt over the actual effect the market mal...
2010-06-09 08:21:16
Pipavav forays into defence sector
India's Pipavav Shipyard has secured a contract worth an estimated $552m (Rs 2,600-crore) for the construction of five offshore patrol vessels for the Indian Navy – marking its entry in to the defence sector. This contract boosts the yard...
2010-06-09 08:08:50
Asia to the fore: Posidonia
The 22nd edition of Posidonia opened its doors Monday against a backdrop of foreign maritime investment in the beleaguered Greek economy that the show itself has helped foster. Cosco Group recently unveiled strategic plans for the port of Piraeus ...
2010-06-08 07:33:49
China urged to make shipbuilding cleaner
China should do more to raise awareness about the environmental and economic benefits of a sustainable shipbuilding industry, says the Asia region head of Lloyd's Register, one of the world's leading maritime certification organizations. John Row...
2010-06-08 07:27:35
ABG to acquire WIS
ABG Shipyard, one of India's leading private shipyard, is all set to acquire majority stake in Western India Shipyard with the company completing all financial and legal formalities. ABG, which in September 2007 evinced its interest in buying Ind...
2010-06-08 07:24:58
Davie welcomes shipbuilding plan
Struggling Davie Yards is eyeing vital new work under Canada’s CAD 40bn ($38.49bn) federal shipbuilding scheme. The National Shipbuilding Procurement Strategy will create dedicated shipyards for the construction of large vessels included in the...
2010-06-07 07:28:20
Yangzijiang weathers the storm
Brushing aside worries of a double-dip recession and a capacity overhang in the shipping sector, Yangzijiang Shipbuilding (YZJ) announced a positive set of results for its first quarter ended 31 March 2010. The Chinese shipbuilder’s 1Q10 revenu...
2010-06-07 07:17:50
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