Shipbuilding
Hyundai to win Tsakos LNGC
Executives at Greece's Tsakos Energy Navigation confirmed it would order its first diesel-electric powered LNG carrier, with an option for a second. It is understood to have signed a letter of intent to this effect with Hyundai Heavy Industries fo...
2012-03-23 07:59:09
Daewoo wins LNGC double
Maran Gas Maritime, the gas carrier arm of Greece-based Angelicoussis Shipping Group, has contracted two additional LNG carriers with Daewoo Shipbuilding & Marine Engineering. The two ships, which were on option for Maran Gas, bring to seven the n...
2012-03-23 07:54:32
Japanese "Back on stage"
Another week has gone with slow newbuilding ordering activity in commercial ship market, due to the oversupply of vessels which led to freight rates in depression, and lack of financing. Amid the newbuilding market having been in trouble again la...
2012-03-23 07:01:42
Taizhou Kouan inks 10 51K BCs
Taizhou Kouan Shipbuilding of China has contracted for ten 51,000-dwt bulkers from a Chinese shipowner. The vessels, 199.95m in length, 32.26m in breadth, 16.5m in height and 10.5m in draft, sail in 12.9 knots. Classified by China Classification S...
2012-03-22 16:02:35
Chengxi pens 39K handysizes
China Navigation said on Tuesday that it had ordered four 39,500 dwt handysize bulkers from Chengxi Shipyard. The order, which includes an option for a further six ships, schedules delivery of the bulker quartet between November 2013-September 20...
2012-03-22 07:37:42
Hyundai changes VLCC to LNGC
In a regulatory filing on March 20, Hyundai Heavy Industries said it has modified newbuilding contract for five VLCCs, which was signed in February 2008, accepting a request from a shipowner from the Middle East. As one of the five VLCCs has been...
2012-03-22 07:17:00
Japan Orderbook Jump: Enigma
Global newbuilding orderbook has finally seen rally of late, while Japanese shipyards' orderbook has notably increased, in particular. At the end of February, the global orderbook stood at 5,760 vessels of a cumulative 349.4m dwt and 112.7m cgt, u...
2012-03-22 07:11:30
Global orderbook rebounded
Global newbuilding orderbook has rallied after a long interval. According to Clarksons, newbuilding orderbook in the world stood at 5,760 vessels of a cumulative 349.4m dwt in the end of February, up by 2.76% in dwt terms and by 2.44% in numerical...
2012-03-21 10:59:35
Rongsheng signed 39 ships, $1.8bn
China Rongsheng Heavy Industries Group Holdings Limited, a leading heavy industries group in China, announced its audited annual results for the twelve months ended 31 December 2011. During 2011, the Group’s revenue was approximately RMB 15.9 bi...
2012-03-21 07:49:46
Chinese keen battles to survive
Due to lack of ordering, Chinese major shipyards have trespassed on businesses of small-sized yards. China Newbuilding Price Index (CNPI) reported on March 16 noted that CNPI dropped by 0.5% to 918p during March 1-15 and recently some large-sized ...
2012-03-21 06:55:16
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