General
Government aid to prolong shipbuilding slump
Many still oppose state intervention despite fears provoked by Germany's most recent yard insolvency. The collapse into bankruptcy of Wadan Yards in Germany has intensified fears for shipbuilding in Europe's largest economy but a key industry grou...
2009-06-15 06:42:10
GL reveals new low-cost boxship design
Germanischer Lloyd (GL) has unveiled a new boxship design that it claims will generate more efficiency. The German classification society says its new baby post-panamax can be operated at significantly lower costs and needs less ballast than ships...
2009-06-15 06:38:27
STX Chairman meets with Finnish PM
STX Business Group Chairman Gang Duk-soo, which visited Europe to participate in Nor-Shipping 2009, met with Finnish Prime Minister Matti Vanhanen to discuss co-operation. Chairman Gang exchanged opinions with Prime Minister Matti Vanhanen about F...
2009-06-15 05:55:32
Estoril buys Cido newbuilding pair resale
Greek owner Estoril Navigation has made its first leap into the newbuilding sector with the purchase of two tankers and says it is time that shipping went "back to basics". Alex Karidopoulos confirms the company has bought two aframax tankers from...
2009-06-12 15:20:20
Euroseas buys panamax for $27.5m
Athens-based dry bulk and container vessel owner Euroseas has boosted its fleet to 17 with the purchase of its third bulker this year. The $27.5m acquisition of the unnamed vessel, a 2000-built panamax, cements Euroseas’ position in the vanguar...
2009-06-12 07:03:23
Japanese co-operate to cut ship emissions 30%
Japan’s government and maritime sectors are engaging in unprecedented co-operation to win the race to optimum fuel efficiency. In a perfect example of across-the-sectors co-operation, Japan’s government, shipowners, shipbuilders and equipment ...
2009-06-11 14:03:22
“No liquidity crisis”, STX chairman says
STX Business Group chairman Kang Duk-soo (pictured) rebuffed market conjecture of STX’s liquidity crisis, saying “The crisis rumor is groundless.” He said at a press conference in Norway on June 9th, “STX was not included in the list of So...
2009-06-11 13:51:20
Singapore, center of global shiprepair
Singapore continues to enjoy the position of being one of the world’s top shiprepair and marine offshore hubs. The nation’s yards have built themselves a strong niche in the shiprepair industry, in particular for tankers and more high-end repa...
2009-06-11 11:07:39
Blohm + Voss wins conversion vessel
KfW Ipex-Bank and BNP Paribas are providing a $130m loan for a J Lauritzen conversion project. The Danish owner's Lauritzen Tankers has tapped Hamburg's Blohm + Voss shipyard to convert the 15,375-gt ro-ro ferry Kraka (built 1985) into a 291-bert...
2009-06-11 10:45:53
New entry criteria for IACS members
There will be no dilution of quality within the International Association of Classification Societies following a preliminary agreement with Brussels competition authorities that could see the class association open up its membership and provide acce...
2009-06-11 07:35:22
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