General
STX Europe books ship upgrade contracts
STX Europe has signed three ship upgrade contracts. In one, Carnival Cruise Lines' Sensation will get 98 additional passenger cabin balconies and new black and gray water piping. The work will be performed at Grand Bahama Shipyard in January and Febr...
2009-01-09 07:21:36
Transition from shipbuilding to ‘Green Ocean’
South Korean major shipmaking companies which have been developing through shipbuilding-related business are swiftly transferring to ‘Green Ocean’. They plan to more invest in environmentally-friendly businesses such as wind power, solar power...
2009-01-08 15:24:08
Shipyards sail into uncertain waters: Poland
Gdynia and Szczecin yards might be closed On Tuesday a special law on shipyards entered into force and it will enable the closure of the Gdynia and Szczecin shipyards by June 6, the date imposed by the European Commission. This will enable prep...
2009-01-08 08:22:00
CSSC- Baosteel reached strategic cooperation
January 5, 2008, the signing ceremony for the strategic cooperation agreement between China State Shipbuilding Corporation (CSSC) and Baosteel Group was held in Shanghai. It symbolizes that these two companies’ strategic collaborative relation will...
2009-01-08 07:19:19
Crucial year : Marine industry in China
International freight rate indicator, BDI started to increase since the beginning of the 2008, it set a new record with 11,793 points in June of the year. However, Chinese government’s banning the importing ore before the Olympic Games, along w...
2009-01-07 07:24:52
Chinese will suffer from reshuffling
Dalian Shipbuilding Industry (DSIC) is now holding 128 ship orders, its production tasks are arranged till 2011. The downpayment of majority of these orders accounts for over 40% of the total vessel price, which is much higher than the conventiona...
2009-01-07 07:18:32
The best record: Tanker market
According to various European shipping companies’ reports for 2008 oil tanker rent, despite the fact that oil tanker market has entered into recession from the fourth quarter in 2008, it showed the best achievement in 2008 by breaking the record wi...
2009-01-06 07:10:13
Bharati fined for unauthorized dredging
India’s Bharati Shipyard has been fined for carrying out unauthorised dredging operations. The Times of India said Ratnigiri district subdivisional officer Nandkumar Jadhav imposed the INR 70m ($1.44m) penalty for “large-scale illegal dredging...
2009-01-06 07:04:57
Second hand market to slow
Big spending shipowners from Greece and Norway lost their appetite for sale and purchase deals in 2008, new figures show. The two main players on the second hand scene in 2007 slammed the brakes on spending last year with the number of transaction...
2009-01-06 06:37:50
Scrapping boom
The last week has been a busy one on scrapping of panamax bulkers, and at least four early 1980s built units have gone for demolition. Two of these are controlled by Eastern Mediterranean Maritime (Eastmed) of Greece. The 61,000-dwt Seaeagle (bui...
2009-01-05 06:20:41
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