Shipbuilding
SWS wins Cape BCs
U-Ming Marine Transport has ordered up to ten capesize bulkers in China. The Taiwanese shipowner has placed a firm order for four 186,300-dwt bulkers at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding (SWS) at $49.8m each. The newbuilding de...
2012-02-14 07:23:47
Dalian backlog running out
Many shipbuilders located in Dalian, China has been facing plunging new orders, since the second half 2011. Resulting from decreased order from European shipowners due to Eurozone financial crisis, many yards in Dalian only booked less than 10 new...
2012-02-14 06:51:45
Koreans vie for ethylene newbuilds
Rotterdam-based Unigas pool is set to place an order for up to six new 12,000-cbm ethylene carriers. The deal is expected to be made up of an order for three ships with an option for three more with each priced at between $38.5m and $40m. The...
2012-02-13 07:39:29
Chinese take risk of shipowning
Dwindling orderbook and new order droughts prompt a number of Chinese yards to mortgage assets to fund their own speculative newbuilding orders. Yangzhou-based Sainty Shipbuilding is said to be one of a number now looking at deals mainly involvin...
2012-02-13 07:27:49
Korea to order LNGC
As the Korea Gas Corporation (KOGAS) contracts long-term LNG purchases recently, around ten LNG carrier newbuildings, at most, are expected to be placed at South Korean yards. Existing one to two LNG carriers can carry about yearly 3.5m ton of liq...
2012-02-13 06:49:51
STX soon to ink LNG carriers
STX Offshore & Shipbuilding of South Korea is waiting for an order for a pair of 170,200-cbm LNG carriers from Russian shipowner Sovcomflot. The ice-class 1C, tri-fuel vessels are for delivery at the end of 2014 and early in 2015 and would be backe...
2012-02-10 12:22:18
Big3 listed for Brunei LNGCs
Shell is picking up the pace for two 165,000-cbm LNG carriers with a decision expected as early as March. South Korea's three shipyards have been short-listed for the newbuildings required as part of a fleet-renewal program being undertaken by the...
2012-02-10 10:45:09
Meyer delivers Disney Fantasy
PAPENBURG / BREMERHAVEN, GERMANY, (Feb. 9, 2012) - Disney Cruise Line took possession of its newest ship - Disney Fantasy - from the Meyer Werft shipyard in a traditional maritime ceremony aboard the ship. The Meyer Werft flag was lowered, while ...
2012-02-10 08:02:04
Hyundai inks high-end VLGC
Pertamina is confirmed to have ordered a very large gas carrier at a high price, more than $6m above today’s market price. The state-owned Indonesian energy company placed a $79.5m order for a VLGC at South Korea's Hyundai Heavy Industries acco...
2012-02-10 07:38:47
Newbuild activity bounces
Shipping market now faces depression for a long period due to global fleet overcapacity by massive newbuilding delivery, nevertheless, newbuilding market has been recovering during the past fortnight's time period, 31 newbuildings having been ordered...
2012-02-10 07:11:51
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