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Shipbuilding
China bombed by Euro crisis
Eurozone debt crisis is bombing builders in South Korea and China, in particular. As European owners, who take about half of worldwide new order, getting difficulties in securing ship financing, they are looking for down-scale business. This is b...
2011-12-15 07:03:54
IHC wins deep-water dredger
IHC Merwede has been awarded a contract to deliver the environmentally friendly deep-water dredger, IHC Beaver® 4040, for Zhejiang Dredging (China). This innovative cutter suction dredger will be optimised to work on lake and reservoir dredging ...
2011-12-14 08:12:32
LNG Solution for Large Boxship
LNG as marine fuel is already a proven alternative for short sea shipping, but what about the primary engine of global trade - the boxship? To investigate and develop solutions for large LNG fuelled container vessels classification society German...
2011-12-14 08:09:41
Low-price continues
Shipbuilders are more likely to contract in low-margin, facing with tougher competition for securing new order in 2012. Also, increase in share prices would be limited due to newbuilding prices of VLCC, bulker, etc., in decline. Analyst Yum Dong-...
2011-12-14 07:14:56
Safe inks new Pax.
Safe Bulkers, Inc. announced that it has entered into a shipbuilding contract for the construction of one Japanese-built, drybulk Panamax-class vessel at an attractive price, with an expected delivery date in the first half of 2014. Including this...
2011-12-13 07:54:51
Kawasaki wins VLGC
Kawasaki Heavy Industries has won the first order for 82,000-cbm LPG carrier in about four years. Japan's Kumiai Senpaku's unit in Singapore has booked the vessel for delivery at the end of 2013. Nebuilding price of VLGC is said to be around $7...
2011-12-13 07:44:41
Cancellation impact limited
Newbuilding cancellation would have a limited influence on shipbuilding industry this time around. Even though cancellation is expected to give a bad impact on investment sentiment for shipbuilders, over-weight opinion is still valid in a long ter...
2011-12-13 07:19:59
Rongsheng wins 6,600TEU
Israel-based Ofer Brothers are thought to be behind a $130m boxship order at China’s Jiangsu Rongsheng Heavy Industries. Rongsheng is said to have won a deal for two 6,600-teu ships for delivery starting in 2013. The business is understood ...
2011-12-12 08:01:02
Pipavav Pax. canceled
Pipavav Defence & Offshore Engineering has lost an order for eight panamaxes from a Greek player. Avgi Maritime boss Sotiri Doushas confirms he now only has four newbuildings left after cancelling eight of its 74,000-dwt vessels, and some of those...
2011-12-12 07:58:17
Daewoo cancels VLCC & BC
Daewoo Shipbuilding & Marine Engineering of South Korea made a public notice on 9 December that an existing order for two VLCCs and two bulkers inked by European owner in June 2008 was cancelled due to owner's non-payment of advance installments. ...
2011-12-12 07:11:58
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