Mitsui delivers aframax
Mitsui Engineering & Shipbuilding (MES) completed and delivered a 110,000-dwt type double hull crude oil tanker, the Eagle Sapporo (MES Hull No. 1696) at its Chiba Works to Maybaru Shipping & Trading Pte Ltd, Singapore on December 10th. This is t...
30% of bulker orders to be canceled
A wave of cancellations of orders for new ships is underway and could support the bulk carrier charter market in coming months, a leading German ship finance executive said on Thursday. Around 30 percent of ships on the record high global dry bulk...
C-P orders six heavy lift carriers
According to the Chinese general manager at Chinese-Polish Joint Stock Shipping Company (C-P), Sun Min, C-P’s board of directors recently decided to invest CNY 2.3bn in purchasing six heavy lift carriers. Sun also revealed that C-P’s currently op...
Global shipbuilding market dropped 46%
According to Clarkson’s statistics, newbuilding trades for the first ten months in 2008 aggregated 39.91m CGT in international shipbuilding market, a 46% year-on-year decrease. The newbuilding trades for the same period in 2007 totalled 73.41m CGT....
New Times entered “New century”
Chinese shipbuilding industry has been hit by the recession in world’s shipping market caused by the financial crisis. Newbuilding trade volume has plummeted since world’s shipowners have stopped placing newbuilding orders. However, Jiangsu pr...
NASSCO product tanker on sea trials
The M/T Golden State, the first product tanker built by General Dynamics NASSCO under a $1 billion, nine ship contract with U.S. Shipping Partners recently departed San Diego on its inaugural sea trials. The 600-foot-long vessel is scheduled to be...
Vale says VLOC order at Rongsheng goes on
Brazilian iron ore producer and transport giant Vale denies that it is cancelling its $1.6bn order for 12 Very Large Ore Carriers (VLOCs) from the Jiangshu Rongsheng shipyard in China. Despite some reports in the international media suggesting tha...
Hanjin-Subic to build 15 vessels in 2009
After completing four ships in the Subic Bay Freeport, northwest of Manila, and despite fatal accidents, Hanjin Heavy Industries Co.-Philippines (HHIC-Phil) plans to build more ships in its shipyard in the free port after launching two vessels last D...
Jiangxi province will form shipbuilding capacity of 1 millio...
On December 9, Li Xianshu, the secretary and director of Jiangxi province national defense science technology industry office stated on “renovation and opening-up, and harmonious development forum”, shipbuilding industry in Jiangxi province will ...
Quanzhou builds the world's largest ship-repair docks
"Currently the ship-repair dock is under construction. When the dock is in operation, this will be the world’s largest repair yard and the annual ship repair volume will amount to over 250 units.”, said an official at Titan Petrochemicals Group L...
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