General
Indian scrap yards pay top dollar
Indian scrappers have paid firm prices for superannuated containerships last week, foreign media reports. The highest rate achieved was $327 per ldt for the 884-teu MSC Immacolata (built 1979). The 2,712-teu MSC Serena (built 1977) was not far beh...
2009-12-15 13:17:52
Hoegh scrapping car carriers
Norway’s Hoegh Autoliners is selling eight car carriers for scrap to China and may send more to the breakers in the new year. The ships being scrapped are among 10 the company laid up this year and they will be delivered in the first quarter of ...
2009-12-15 07:47:58
WIS wins rig repair
Western India Shipyard (WIS) has won a rig repair contract worth INR 50m ($1.07m). The company will work on the JUR Noble Ed Holt, a 1981-built 300-foot jack-up owned and operated by Noble Drilling. The yard increased its losses in the first ...
2009-12-14 08:01:23
Italy yard crisis meeting delayed
Italy’s ministry of economic development has postponed until December 18 a key meeting designed to address the crisis affecting the country’s shipbuilding industry. In a statement, the ministry gave shipbuilders around the country, as well as ...
2009-12-14 07:54:58
17% of orderbook delayed
Delivery of around 17% of newbuildings on order have been delayed during the last three months, research by BIMCO has found. An analysis of the 5,705 ships on order that could be identified by hull number showed that out of around 800 containershi...
2009-12-14 07:19:53
Hyundai Corp new management
Hyundai Heavy Industries Group said Friday that it has informally appointed new management of Hyundai Corp., a trading firm which it took over yesterday. The group has unofficially appointed H Avenue & Company chairman Jung Mong-hyuk (left in the ...
2009-12-11 12:11:39
Italy yard workers strike
Shipyard workers in Italy staged an eight-hour strike Thursday, aimed at highlighting falling workloads and widening job cuts in the sector. In Rome, members of the three metalworkers’ unions gathered from yards around the country for a demonstr...
2009-12-11 08:08:13
STX France further ties up with Hudong
STX France is exploring the possibility of further co-operation with China’s Hudong-Zhonghua Shipbuilding following completion of the fifth of a series of five LNG carriers built by the Chinese yard with technical assistance from the French builder...
2009-12-11 07:42:50
Lindo Shipyard goes green
Green development at Odense Steel Shipyard has now been secured with the establishment of a fund consisting of a few powerful Danish businessmen. OSS, better known as Lindø Shipyard, is being shut down by its owner, A.P. Moller-Maersk. But the n...
2009-12-10 11:52:21
Product tankers sell for $52m each
Petroleos de Venezuela (Pdvsa) is said to be purchasing four panamax products tankers from Greece's Dynacom. The Venezuelan oil company is buying the New Century-built sisterships for $52m each, numerous brokers have said. Dynacom, an Athens-base...
2009-12-10 07:45:26
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