General
CSAV seeks to revise orderbook terms
Chilean liner shipping giant CSAV is negotiating with yards to revise the terms of its $900m orderbook. The moves, which are part of a $750m refinancing package, look set to affect nine vessels it ordered for its own account. CSAV is in advanced t...
2009-04-20 07:08:24
JJ Ugland inks newbuilding resale
Norwegian shipowner JJ Ugland is in the process of buying a re-sale contract for a Supramax bulker. The 58,000-dwt vessel is due for delivery from the Tsuneishi shipyard in the Philippines in May 2009. The shipowner, which already has a number of ...
2009-04-20 07:03:57
Sea Asia 2009 countdown
Sea Asia 2009 kicks off in Singapore next week posing the big questions: Can the global shipping industry bounce back to the level of activity it experienced over the past few years? Is there light at the end of the tunnel for the world economy and t...
2009-04-19 06:38:30
Sembcorp Marine welcomes new ceo
Wong Weng Sun (pictured) is rising to the chief executive position at shipbuilder Sembcorp Marine as Tan Kwi Kin fades into retirement. The change is “in line with Sembcorp Marine group’s succession plan and leadership renewal process”, the ...
2009-04-17 11:17:32
Braemar strengthening LPG network
Braemar Shipping Services, a leading London-based shipbroking and shipping services group, is strengthening its position in the liquefied petroleum gas market through the acquisition of product broker and consultant LPG Connect International. The gro...
2009-04-17 11:07:49
Warsaw prepares shipyard break-up
Poland's two state-owned shipyards are in their final weeks of existence as the government readies for an auction of their assets beginning at the end of the month. The break-up and sale of shipyards in Gdynia and Szczecin was forced by the Europe...
2009-04-17 09:33:06
Russian embarks on United Shipbuilding Corp.
The establishment of the United Shipbuilding Corporation is completed. A total of 33 companies in the field of ship design and shipbuilding are included in the new grand state enterprise. In a cabinet meeting this week, Deputy Prime Minister Igor ...
2009-04-17 08:08:02
OPRF grants Y156 million for R&D projects
Japan’s Ocean Policy Research Foundation (OPRF) on April 15 announced that it will extend a total of Y156.5 million ($1.585m) in subsidies to eight R&D projects to be carried out by marine equipment makers and shipyards in fiscal 2009 (ending March...
2009-04-17 07:50:13
Cochin to set up shipyard at Vizhinjam
India’s public sector Cochin Shipyard Ltd has expressed its interest in setting up a ship repair complex/shipyard near the proposed international transhipment port at Vizhinjam. The EoI has been submitted by the company to the Kerala Government...
2009-04-16 06:59:14
Tsuji sets up takeover company
It seems that the appointed administrators of Tsuji Heavy Industries, currently undergoing corporate rehabilitation procedures, are studying to establish by around July 2009 a new company serving as the takeover company of Tsuji's marine equipment bu...
2009-04-15 07:50:35
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