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Shipbuilding
New Yangzi bags kamsarmax
China's Jiangsu New Yangzijiang Shipbuilding has been awarded to build four 82,000-dwt kamsarmax bulkers from Hong Kong-based Everbright Metal. New Yangzijiang plans to deliver the four newbuildings from Q3 2013 by Q3 2014, one by one. The Chin...
2012-08-28 14:21:06
LNGC markdown begins
Newbuilding price for a standard LNG carrier has fallen below $190m from around $200m earlier this year. Some brokers even forecast the prices could slip under $180m early next year. Industry players say prices are starting to fall as new order...
2012-08-28 06:42:54
"180 new LNGCs needed"
John Fredriksen's Golar LNG Partners paints a positive picture for the LNG sector. The company said, “LNG production capacity is expected to grow by in excess of 6% a year through to 2017 and at a likely faster rate to the end of the decade.” ...
2012-08-28 06:37:55
ABG allows price cut
India’s ABG Shipyard has failed to deliver a handysize newbuilding on time, and as a result it agreed to cut the ship price for the shipowner. The delay has allowed Precious Shipping to negotiate a $7m reduction on the original $30m contractual ...
2012-08-28 06:33:38
Daewoo develop Chinese yard
China's Rilin Group signed a strategic agreement with Korea's Daewoo Shipbuilding & Marine Engineering on August 22, under which the two groups will jointly invest in and develop the Dandong Shipbuilding Industry Co. They are to establish a shipbu...
2012-08-27 10:16:47
Hudong 8,600TEU postponed
Hong Kong-based Orient Overseas Container Line has delayed delivery of two 8,600TEU vessels on order at Hudong-Zhonghua Shipbuilding in China. The two ships, ordered at Hudong-Zhonghua for $120.7m each in 2007, were originally due to be delivered ...
2012-08-27 06:22:10
Chinese margin higher than Korean
In general, Chinese shipbuilders logged higher margins in the second quarter of this year than their Korean rivals, as they built higher-priced ships ordered before the 2009 financial crisis, a report said Thursday. Seoul-based Daishin Securities ...
2012-08-27 06:18:30
Deliveries "New High"
The second quarter of 2012 registered the largest amount of tonnage delivered, with a combined of 50.3m dwt of capacity having hit the water. It seems that a majority of shipowners have requested early deliveries in order to dodge IMO's ballast water...
2012-08-27 06:07:06
Chinese wins Eco Cape
China's Qingdao Beihai Shipbuilding Heavy Industry has bagged a newbuilding order for an eco-design capesize bulker. Abu Dhabi-based Eships has taken advantage of the current low newbuilding prices to order a newbuild at the yard under the umbrell...
2012-08-24 09:53:49
DSIC scores 3,800TEU's
China's state-owned Dalian Shipbuilding Industry Co (DSIC) has won a new order for four 3,800-teu boxships from Singapore's Pacific International Lines (PIL). Newbuilding price is said to be in excess of $40m per ship, with some reporting it is cl...
2012-08-24 09:39:37
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