General
SLS newbuild cancelled
Excessive delivery delays have killed off another newbuilding order at Korea’s SLS Shipbuilding. Gulf Navigation has axed a 44,000-dwt vessel at the yard and is seeking a refund on the contract. In a statement to investors Gulf Nav says it ...
2010-05-11 07:18:27
CSIC Pavilion at Expo Park
Visitors pose for photos with a ship model in China Shipbuilding Industry Corporation Pavilion at the World Expo Park in Shanghai, east China, on May 1, 2010. Shanghai World Expo park formally opened to public on Saturday.
2010-05-10 08:16:16
S African to build Nigerian yard
Southern African Shipyard has indicated interest in developing a shipyard in the country. The company’s Chief Financial Officer, Mr. Prasheen Maharaj who led a delegation to the Nigerian Maritime Administration and Safety Agency in Lagos explai...
2010-05-10 07:05:01
USC mulls Ukrainian mergers
Russia's OJSC United Shipbuilding Corporation (USC) is considering merging with two Ukrainian companies - Zorya-Mashproekt gas turbine scientific and industrial complex (Mykolaiv) and OJSC Feodosiya More Shipyard, according to the company's president...
2010-05-10 07:01:15
Rongsheng awarded in Seatrade Asia
At the end of April 2010, the 3rd Seatrade Asia Award was convened in Shangri-La Hotel, Singapore. Over 500 elites from China, Korea, Japan, Singapore, America, Norway and Hong Kong were present in the ceremony. About 20 organizations and persons...
2010-05-10 01:27:38
NSC renego Hanjin orders
Germany’s NSC Schiffahrtsgesellschaft is in talks with Korea’s Hanjin Heavy Industries & Construction about converting orders for super-postpanamax boxships to capesize bulkers. NSC founder Roberto Echevarria says a final agreement has still ...
2010-05-07 14:10:28
Low price triggers more deals
HSBC Shipping Services issued weekly report showing the prices of secondhand Handymax and Panamax ships rising due to great demand in the market. Meanwhile the Baltic Exchange raised the guide level of second hand bulk carriers as well. The Cla...
2010-05-07 12:32:33
Single-hullers decreasing
Strong demolition prices and upcoming regulatory phase-out sees global fleet dwindle. A third of the single-hulled very large crude carriers that were in the global fleet at the start of this year have been removed to be scrapped or for conversion...
2010-05-07 08:19:21
Fire hits STX new cruise
An investigation has begun into the cause of a blaze on an NCL newbuilding at STX Europe’s Saint-Nazaire yard in France. The fire broke out on the 153,000-gt ship on Monday, with reports saying it started in mattresses stored in a corridor befo...
2010-05-06 08:32:56
Daewoo VLCC pre-delivery resale
Ghassan Ghandour-controlled Gulf Marine Management of Greece has sold three VLCCs for below their order price. Sources say Evangelos Marinakis’s private company, Capital Ship Management, has taken the 319,000-dwt Atlantis Glory, which is due fo...
2010-05-04 07:25:01
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