Shipbuilding
Chinese Crisis
Chinese shipbuilding industry faces crisis situation in the wake of the over-tonnage of global shipping market. Industry players said China yards continued to increase supply of newbuildings last year when a short-lived shipping recovery took plac...
2011-11-29 08:14:41
Damen signs for two Green Tugs
In November 2011 Iskes Towage & Salvage took its first Damen tug into operation: the ASD 2810 ‘Argus'. Pleased with its capabilities, Iskes decided to have Damen Shipyards Hardinxveld build a further two harbour tugs: the revolutionary ASD 3212 ‘...
2011-11-29 07:38:44
China new order keeps falling
China's shipbuilding companies have met the challenge of consistently decreasing new order and export ship. According to the China Association of National Shipbuilding Industry (CANSI), China increased delivery by 15.4% to 55.21m dwt in the first ...
2011-11-29 07:17:19
Hyundai eyes two LNG carriers
Hyundai Heavy Industries is likely to win new order for additional two LNG carriers from optional contracts with MARAN Gas Maritime, the gas carrier arm of the Greece-based Angelicoussis Shipping Group. The South Korean builder will deliver the tw...
2011-11-28 14:32:25
Rongsheng delivers 1st 380K VLOC
China Rongsheng Heavy Industries Group Holdings Limited announced on November 25th that it has delivered its first 380,000 DWT Very Large Ore Carrier (VLOC) to Vale S.A. ("Vale"). The 380,000 DWT VLOC is a high-tech vessel self-developed by the G...
2011-11-27 23:10:26
Hyundai delivers 'Deepsea Metro II'
Petrobras will soon get its hands on a state-of-the-art drillship newbuild which has just been delivered to its Norwegian and Greek owners by a South Korean shipbuilding behemoth. The ultra-deepwater unit Deepsea Metro II was handed over to Odfje...
2011-11-27 22:52:53
Tsakos may eye Daewo slots
Awilco LNG’s decision to can two LNG carrier newbuilding options at Daewoo Shipbuilding & Marine Engineering could have opened the door for tonnage hungry Tsakos Energy Navigation. Hanjin Heavy Industries & Construction and STX Offshore & Shipb...
2011-11-27 22:35:40
New orders to fall to 50m GT
New order during January-September period totals cumulative of 1,369 vessels of 43.16m gt, down by 20% on 2010 in gt terms. According to IHS, new order in Q3 this year has decreased by 60% on the same period last year and overall new order for 201...
2011-11-25 10:20:17
Jiangnan-Changxing inks gas carrier
Nanjing Tanker Corp (NTC) has ordered an ethylene carrier at Shanghai Jiangnan-Changxing Shipbuilding. A market source confirms the order and says the 6,500-cbm gas carrier was inked about a month ago for delivery in 2013. One shipbuilding pla...
2011-11-25 09:05:10
CSSC & CSIC take a hit
CSSC and CSIC have been badly hit by the recession in the newbuilding orders. An industry insider says both the Chinese state-owned shipyard conglomerates have only managed to bag around 9m dwt of the total 29m dwt of orders placed in China during...
2011-11-25 08:50:00
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