General
Green Recycling Initiative welcomes new investors
George Economou and broker Banchero and Costa have joined the ranks of investors in a $300m green ship demolition fund. The Green Recycling Initiative (GRI) did not say how much the Greek shipowner and the Italian broking house contributed to the ...
2009-06-05 07:49:53
Dry-cargo ship S&P soars
The ammount of money changing hands in the dry-cargo sale and purchase market reached an eight month high in May with China leading the charge. A total of $1.41bn was spent on 98 dry-cargo ships last month, the highest since the market crash in Se...
2009-06-05 07:44:49
Tanker newbuilding resale prices plummeting
Newbuilding resale prices of tankers are plunging. According to market reports, it appears that two 105,000-dwt Aframax tankers for completion within this year by Sumitomo Heavy Industries Marine & Engineering (SHIME) were sold at the per-unit price ...
2009-06-05 07:32:34
Japan plans to mechanise ship recycling
Japan’s Maritime Bureau of the Ministry of Land, Infrastructure, Transport & Tourism is to begin work to build a ship recycling system that could be deployed at sites even in developed countries. MLIT has reacted fast to the implications of a surge...
2009-06-05 07:23:32
Sietas-Döhle link up to secure more orders
Hamburg-based shipyard Sietas Werft and shipowner Peter Döhle have started a new co-operation. Döhle will take over Sietas’ international marketing and will try to acquire orders abroad. Sietas has historically built ships for domesti...
2009-06-05 07:18:40
Hanjin hires 24,000 more Filipinos
Philippines President Gloria Macapagal-Arroyo expressed elation after being informed by Hanjin Heavy Industries and Construction Corporation (HHICC) officials that the company would hire an additional 24,000 Filipino workers for its Subic and Misamis...
2009-06-04 07:37:30
1995-built dbl-hull VLCC sold for $52m
The U.S. stock market-listed Knightsbridge Tankers Ltd. has recently sold a VLCC, which it has been operating as a free ship in the spot market, to a Venezuelan entity, according to overseas media reports. The company has reportedly sold the 1995-b...
2009-06-04 07:26:25
Samsung shares up: LNG-FPSO order
Shares in Samsung Heavy Industries, the world’s second largest shipbuilder led the charge among its rivals Wednesday on rumours it would win a significant offshore order. The market has SHI marked down to win a liquefied natural gas floating, p...
2009-06-04 07:18:07
Hyundai-built tankers exhibited in US museum
Hyundai Heavy Industries-built ships are exhibited in the National Museum of American History. The South Korean shipbuilder said scale models and pictures of two ships built by Hyundai Heavy are put on display at the ‘Modern Maritime America’ ...
2009-06-03 11:33:04
Keppel builds safety training complex
Keppel Shipyard is building a safety training complex next to the Keppel Offshore & Marine Group Training Centre at its Tuas Yard. When completed by the end of the year, the safety training complex will be the first such training center in Singapore,...
2009-06-03 11:01:57
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