General
Ikaros snaps up bulker resale
Ikaros Shipping & Brokerage of Greece says its strong financial basis is allowing for fleet expansion despite the difficult climate. The company has made a cash purchase of a resale newbuilding from Norden and is looking for more bulkers. Spokespe...
2009-09-22 07:32:38
Liquimar denies VLCC deal is dead
Liquimar Tankers of Greece is denying speculation that a VLCC-newbuilding deal struck at the peak of the market is now off. Market talk suggests that Liquimar will not take delivery of a trio of 320,000-dwt tankers ordered at South Korea's STX Off...
2009-09-22 07:29:44
3 Maj accounts frozen
Croatian shipbuilding group Tehnomont has had the accounts of rival 3 Maj shipyard blocked over unpaid debt. 3 Maj owes Pula-based Tehnomont’s shipbuilding unit Tehnomont–Brodogradiliste Pula HRK 4.5m ($986,000), according to Croatian dail...
2009-09-22 07:26:44
Fincantieri falls short of orders
Workers at Italian yard group Fincantieri are facing temporary lay-offs as orders fall and profit declines. The cruiseship specialist said its total orderbook had shrunk to EUR 9.8bn ($1,444m) as of 30 June, down from EUR 11.6bn in the same period...
2009-09-21 07:09:18
Loksa new owners promise shipbuilding
The new owners of Loksa Shipyard in Estonia promised to continue with ship construction and seek for new areas of activity, local media reports. “The new owners intend to continue in the old area of activity or producing components for making s...
2009-09-21 06:55:11
Newbuild contracts cut
Orders worth $600m have been axed by two German owners. Capesize bulkers and medium-size containerships costing around $600m have been stripped from Chinese orderbooks. Four 118,000-dwt bulkers booked by finance house Lloyd Fonds at Sino-Pacific...
2009-09-18 12:06:09
Maersk unloads Estonian yard
AP Moller Maersk has succeeded in selling off its Estonian shipyard, Loksa, a year after putting it on the market. The yard has been a subsidiary of the Danish company’s Odense Shipyard which recently announced it will be giving up shipbuilding ...
2009-09-18 07:50:06
Back to 2004: Ship price
Newbuilding prices have fallen to the level marked in 2004 when shipbuilding super-boom just started arising. Newbuilding Price Index for bulker, tanker and containership stood at 150 points, 165 points and 78 points respectively in August, down 3...
2009-09-18 06:56:11
STX eyes Hyundai Corp
STX Corp, the South Korean holding company overseeing STX shipping and shipbuilding interests, has become the latest company to express interest in buying a controlling stake in trading and resources conglomerate Hyundai Corp. The company confirmed i...
2009-09-17 07:30:36
Qualitative growth needed
South Korean shipbuilders would have to continue technology innovation as well as restructuring in order to keep the world’s No. 1 spot. Korea Shipbuilders’ Association chairman and Hyundai Heavy Industries president Choi Kil-seon said on Sept...
2009-09-17 06:46:22
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