Shipbuilding
New orders to pick up
Shipbuilders' activity is expected to pick up on both ends, deliveries and orders. According to the latest weekly report from Clarksons, “in Korea – there remains a number of outstanding options that are due to be declared over the forthc...
2011-09-07 07:25:22
Chinese to order 80 VLCCs
Rumors are mounting of a mammoth VLCC newbuilding order spree of up to 80 vessels to be inked by Chinese oil companies at compatriot shipyards. A subsidiary of Chinese state-owned oil group Sinopec is looking to place an order for 30-40 VLCCs at d...
2011-09-07 07:04:03
CIMC builds 10,000TEU's
China International Marine Containers (CIMC) is to begin construction of over five ultra-large containerships of 10,000TEU each. CIMC official revealed that CIMC plans to take over a shipyard in Shandong within a couple of months and enter into co...
2011-09-07 06:21:53
Oshima wins 10 BC's
Japan's Oshima Shipbuilding has won over 10 newbuilding orders for its newly developed energy efficient 77,000-dwt and 82,000-dwt bulkers. Most of the newbuildings are due for delivery after 2014. The state-of-the-art ships cut fuel consumption...
2011-09-06 07:09:15
Yangzijiang wins more 10,000TEU's
Seaspan has booked more 10,000-teu newbuildings at Jiangsu Yangzijiang Shipbuilding after taking up options on two more vessels. Singapore-listed Yangzijiang says the firming up of the pair follows a move to take up options on five 10,000-teu vesse...
2011-09-06 06:40:26
Alert on Profitability
As low-margin new ship orders booked after financial crisis getting reflected in next year's earnings results, shipbuilders worry about aggravated performance. Major shipbuilders are in a hurry to make preparations by business diversification, M&A...
2011-09-06 06:12:39
Hyundai Mipo eyes Con-Ros
South Korea's Hyundai Mipo Dockyard forecasts to win newbuilding three Container/Ro-Ro vessels. Industry player said that CMA CGM and Hyundai Mipo are in a final discussion for three newbuildings. The vessels are to be delivered in 2014, with 6...
2011-09-05 09:27:13
Yangfan wins 1,100TEU's
SITC International Holdings has returned to China's Yangfan Group for two more containership newbuildings. Hong-Kong-listed SITC will pay $36.2m to take up an option on the 1,100-teu pair at the Chinese yard. SITC’s move comes four months a...
2011-09-05 06:55:07
Besiktas to win 10 more PC
Turkey’s Besiktas Shipyard is poised to signing orders for 10 more 7,100-dwt river-sea products tankers from Istanbul-based Palmali Shipping, bringing the owner’s total contracts at the yard to 20. Besiktas has just launched the Gobustan, the...
2011-09-05 06:41:49
Newbuild price drops
Newbuilding price of commercial ship worsened in the first half of 2011, lowering from last year. According to Clarksons, average newbuilding price of 320K VLCC in H1 2011 was down by 2.9% from last year to $102m, 180K bulkers dropped 5.3% to $54m...
2011-09-05 06:18:39
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