Shipbuilding
Oshima inks 95K BCs
Japan's Oshima Shipbuilding has won an order for 95,000-dwt bulker newbuildings. Archer Daniels Midland (ADM) of the US has penned a deal with Japan’s Sumitomo Corporation to build three post-panamax bulkers. The New York-listed parent of AD...
2011-10-14 07:18:07
Newbuilding price turns down
Shipbuilding industry is put on emergency alertness as newbuilding price shows downtrend again in the second half, all-around bulkers being rapidly dropped by 10% on the beginning of this year, in particular. According to Clarksons, Clarkson Newbu...
2011-10-13 12:29:07
Thoresen Thai eyes new BCs
Thoresen Thai Agency’s dry bulk unit, now based in Singapore, is amid a complete overhaul of its operations in a bid to fight the market’s tough outlook. TTA’s shareholders had questioned the company’s choice of staying in the dry shipping...
2011-10-13 07:44:12
Big3 good to invest
South Korea's shipbuilding stock price, once rapidly plummeted, would rise again after risks and threats being reduced in the near future. Analyst Kim Hyun from Shinhan Investment Corporation forecast on October 12th, "Additional new order for LNG...
2011-10-13 06:55:03
Korea returns to No.1
South Korean shipbuilding industry, which has lost world's No. 1 position to China for the past two consecutive years, continued to win mega new orders this year and it seems quite certain that Korea will retake the top spot this year. According t...
2011-10-13 06:47:33
Hyundai wins VLCC trio
Hyundai Heavy Industries swooped on an order for three very large crude carriers. The South Korean shipbuilder has reportedly won a contract to build three 319,000-dwt VLCCs for compatriot shipowner SK Shipping. Delivery is set for March-June 2...
2011-10-12 08:09:33
USC takes over Baltiysky
St. Petersburg-based Baltic Shipyard (Baltiysky Zavod) is now under the control of JSC United Shipbuilding Corporation (USC). The yard’s General Director Andrey Fomichev said he has resigned but will hold the office of General Director of anothe...
2011-10-12 07:56:01
Boxship order tally at $57bn
Alphaliner warns that capital commitments will place an extra strain on box liners' balance sheets already beset by losses. At a time when container line finances are coming under renewed pressure, owners and operators will have to find an estimat...
2011-10-12 07:46:56
China jumps to high-value
Chinese yards which used to compete with low-margin commercial ships have entered high-value vessel market, such as drilling rig, FPSO, cruiseship, LNG carrier, ultra-large boxships, etc. China State Shipbuilding Corporation (CSSC) successfully in...
2011-10-12 06:41:51
SCI cancels boxship order
State-owned Shipping Corp of India (SCI) has scrapped plans to order three containerships at Cochin Shipyard. The owner had lined up a deal for the 3,500-teu vessels earlier this year. Liner director JN Das told the LiveMint website: “Our s...
2011-10-11 07:32:31
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