General
Ideally, all bulker orders would be cancelled
All bulker newbuildings would be cancelled in an ideal world, Michael Bodouroglou said. The Paragon Shipping chief said he realised this was unrealistic and was not going to happen, but said it showed how serious this tonnage overhang has become f...
2009-06-11 07:28:39
Repair yards expanding facilities
The difficulties facing the world’s shipbuilders are good news for the global shiprepair market, as more and more older vessels are being kept in service to meet demand — and these vessels will need continued tender loving care. Coupled with ...
2009-06-10 11:16:47
Cruise lines mulling refits rather than newbuildings
Specialist yards see challenging times ahead as cancellations begin to rise and options are unlikely to be exercised. Shipbuilders who specialise in the so far lucrative cruise sector look like being in for a hard time as more and more cruise line...
2009-06-10 11:10:51
Owners want to defer ultra-low sulphur deadline
Shipping will be unable to operate under Brussel’s 2010 deadline for vessels to use fuel with only 0.1% sulphur content. As of January 1, 2010 ships in European Union ports will be required to use ultra-low sulphur fuel according to an EU direc...
2009-06-10 07:23:29
Navios let Navios Partners out of cape deal
Angeliki Frangou’s Navios Maritime Holdings has let spin-off partnership Navios Partners out of a $130m acquisition deal for a capesize imminently scheduled from the Far East. Instead, the New York-listed Navios Partners has been given a 12-month p...
2009-06-10 07:18:58
EC lines up action plan to cut CO2
The European Commission has draft plans in development to reduce shipping carbon dioxide emissions unilaterally if the International Maritime Organization fails to agree an acceptable international strategy next month. While no clear parameters of wh...
2009-06-10 07:14:27
Yards complaining about government regulations
South Korean shipbuilders are suffering from some government regulations as well as new order drought and newbuilding price fall. Accordingly, they are asking the government to support their management through policies to enhance their competitive...
2009-06-10 06:22:45
Daewoo bids for Indonesian submarine
South Korea's Daewoo International Corp. said Sunday it plans to bid for a contract worth about $1.2 billion to build two diesel-powered submarines for Indonesia. Daewoo International said it will submit specifications to supply two 1,400-ton die...
2009-06-09 11:43:24
DSME enters bunker fuel supply business
Daewoo Shipbuilding & Marine Engineering, the world’s second largest shipbuilder, has diversified into bunker fuel supply. Daewoo’s wholly-owned subsidiary DSME E&R operates from nearby the shipbuilders’ main premises at Okpo and at Koje Isl...
2009-06-09 07:29:51
IMO approves goal-based shipbuilding standards
Goal-based ship construction standards for tankers and bulk carriers were approved by the International Maritime Organization’s Maritime Safety Committee last week. The committee also approved amendments to chapter II of the Safety of Life at Sea ...
2009-06-09 07:26:10
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