Shipbuilding
Hudong-Zhonghua inks Con-Ros
Hudong-Zhonghua Shipbuilding in Shanghai, China has inked an order for a new generation of 3,800-teu ro-ro containerships from New Jersey-based Atlantic Container Line (ACL). ACL’s president and chief executive Andrew Abbot declines to reveal th...
2012-08-13 07:10:52
China to sink further
Chinese shipbuilding industry cannot be optimistic, having new order plummeted by 50.3%. According to China.cnr.cn, China Shipbuilding Industry Corporation (CSIC)'s vice president said that plunged import of iron ore, core, etc., and increasing nu...
2012-08-13 07:01:37
KSS to order and charter one VLGC
While Hyundai Heavy Industries having been unofficially nominated to build one 84,000-cbm very large LPG carrier (VLGC) by KSS Line, the Korean shipping company is in talks with domestic LPG importer E1 for 10-year charter. According to KSS' regul...
2012-08-13 06:41:27
KOTC to order LNGC & PC
Kuwait Oil Tanker Co (KOTC) is planning to order five more products carriers and three LNG carriers as the company’s fleet-expansion and replacement program gathers pace. KOTC chairman Bader al-Khashti disclosed the fourth phase of KOTC’s newb...
2012-08-10 10:24:37
Speculation causes more breakings
More ships were sold for demolition last week, but cash buyers and brokers warned that the trend is speculative amid fluctuating steel prices and an unstable rupee. UK broker EA Gibson noted that while buyers have returned to the market, fundament...
2012-08-10 06:58:42
Newbuild price to fall further by 15%
Greek owner Safe Bulkers is still looking to add more fuel-efficient newbuildings to its fleet but management says the Greek shipowner isn’t in a hurry, as prices could fall by another 15% or even more by year-end. Sources said that given ample ...
2012-08-10 06:56:56
Yards competition "by EEDI"
Starting from 2013, ships will be determined the ranking by fuel efficiency, which will affect chartering. This will change shipping market spectrum and shipowners would invest more in newly-developed newbuildings. Park Mu-Hyun, an analyst from Korea...
2012-08-10 06:44:57
HMD, No.1 in 'Midsize'
Hyundai Mipo Dockyard is tipped to become the best beneficiary of the rise in demand for highly-efficient eco-friendly midsize newbuildings. Park Mu-Hyun, an analyst at E*Trade Securities said, "The Korean shipbuilding stalwart booked 36-ship orde...
2012-08-09 10:42:54
Seaspan to cut 10,000TEU price
China's Yangzijiang Shipbuilding is reportedly in renegotiation with Canada's Seaspan on the price of 10,000TEU containership shipbuilding options. New York-listed Seaspan placed a firm order for seven 10,000TEU boxships with Yangzijiang in June l...
2012-08-09 10:17:04
Yangzijiang cancels 6 kamsarmaxes
Yangzijiang Shipbuilding has cancelled six kamsarmax newbuilding contracts with an unnamed compatriot shipowner, the Chinese shipyard said. The Chinese yard said the owner had “failed to meet its financial obligations” on the series of 82,000-...
2012-08-09 06:59:04
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