General
Shiprepairers to clean up its business
Europe’s shiprepair community is looking to secure European Union research and development funds to help clean up its business. As yards continue to face economic challenges, they also face demands to improve their environmental performance. ...
2009-09-01 13:56:23
36 used capes change hands
A total of 36 capesize bulkers changed hands on the global secondhand ship market in the first seven months of 2009, according to foreign media statistics. Currently, ships younger than five years fetch slightly over $60 million and ships around 10 y...
2009-09-01 07:32:08
OOCL pays no penalty for delivery delays
Orient Overseas Container Line has not had to make any penalty payments for delaying six 8,600 teu boxships ordered at China’s Hudong-Zhonghua Shipbuilding. Of the six ships OOCL has delayed at Hudong-Zhonghua the arrival of four have been put ...
2009-09-01 07:27:16
US ballast water rules within IMO confines
A proposed rule unveiled by the US Coast Guard would ensure that ballast water thresholds required by US law adhere to standards set out in the International Maritime Organization’s yet to be ratified treaty, during a “phasing in” period throug...
2009-09-01 07:21:10
Fincantieri lays off more
Falling workloads at Fincantieri’s yards around the world have prompted another bout of layoffs, this time at the Italian state-owned shipbuilder’s Sestri Ponente facility in Genoa. Under an agreement reached on Thursday with yard unions, 233...
2009-09-01 07:10:06
China subsidizes ageing ship scrapping
Chinese government is offering subsidies to owners prepared to scrap older tonnage. Shipowners are preparing for a raft of new government restrictions that could see the days of ageing bulkers numbered. Transport officials are working on a new ves...
2009-08-31 07:13:12
Prices of cape dip below $70m
Newbuilding prices of capesize bulkers appear to have slipped below $70 million per ship. According to plural number of market sources, both in South Korea and China, shipyards, from emerging and medium-/small-size yards to major ones, all started pr...
2009-08-31 07:01:08
Emergency measures against Flu A
South Korean shipbuilders are seeking to prevent their workers from being infected with Flu A (H1N1, swine flu). Daewoo Shipbuilding & Marine Engineering has been taking temperature of people who visited the yard for business purpose since August ...
2009-08-31 06:12:51
MoD to take over Hindustan Shipyard
Keen to increase the Indian Navy’s blue-water capability and improve self-sufficiency in defence production, the Ministry of Defence is to take over the Hindustan Shipyard at Visakhapatnam from the Union shipping ministry. The matter is before t...
2009-08-28 07:28:01
Handy hunger boosts secondhand sales
At least 25% more secondhand bulk carriers have been sold so far this year than in the whole of 2008, according to Clarkson Research Services. “We’ve got 434 sales in the year to date, which is up on last year,” managing director Martin Sto...
2009-08-27 07:08:53
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