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Shipbuilding
New orders made weak start
Newbuilding ordering activity made weak start to 2011 as orders in the first two months were falling while Chinese and Greek shipowners are keeping their wallets tightly closed. Although some newbuilding orders have been reported during March, in...
2011-03-28 06:29:44
100 Small yards may go broke
While China's shipping industry has grown dramatically on back of low cost and its network to run in all directions, the shipbuilding industry has shared the growth as the biggest beneficiary from the increasing shipping market. However, since ne...
2011-03-27 23:05:39
SCI in tender for VLCC & Kamsarmax
Shipping Corporation of India (SCI) is in the process of acquiring eight very large vessels to augment its capacity, besides buying second-hand vessels on offer at a low cost in the aftermath of the global economic crisis. The state-owned firm pla...
2011-03-25 07:46:22
Orderbook depressing new orders
RS Platou has forecast an imbalance in shipping supply-demand this year, as vast numbers of newbuildings are delivered from Asian shipyards. Despite it forecasting tonnage demand to grow 8% in 2011 and the same amount in following years, “the pr...
2011-03-25 07:30:56
Kitanihon's recovery plan
Japan’s Kitanihon Shipbuilding is planning to resume newbuilding production shortly, even though its facilities were badly damaged in the earthquake and tsunami that struck the country earlier this month. Kitanihon Shipbuilding is promising to c...
2011-03-25 07:01:25
Daewoo to pen 20 18,000TEU's
S. Korea's Daewoo Shipbuilding & Marine Engineering is said to have ended new order talks for 20 optional ships of 18,000 TEU with Denmark's AP Moller-Maersk and to sign a final contract for the ships in June. Daewoo and Maersk agreed on 20 optio...
2011-03-24 22:03:55
Sungdong signs 157K Shuttle Tankers
S. Korea's Sungdong Shipbuilding & Marine Engineering announced today it has won two shuttle tankers of 157,000 DWT, six boxships of 4,700 TEU including two options and one kamsarmax bulker of 82,000 DWT from European shipowners, all of them coming i...
2011-03-24 09:55:25
Sungdong scores 4,700TEU's
South Korea's Sungdong Shipbuilding & Marine Engineering has inked a contract for two 4,700-teu containerships with Tsakos Group, the largest boxships so far for the Greek owner, which is predominantly known for tankers and dry bulk vessels. No pr...
2011-03-24 06:49:17
Samsung pens 13,000TEU sextet
Hong Kong container line Orient Overseas Container Line has confirmed the long-expected order for six 13,000-teu containerships placed with South Korean shipbuilder Samsung Heavy Industries. OOCL said the 13,000-teu vessels will cost $136m each, o...
2011-03-24 06:27:53
Hyundai wins VLGC
S. Korea's Hyundai Heavy Industries won a VLGC of 82,000 CBM from compatriot shipowner SK Shipping at the beginning of the month. The newbuilding is slated for delivery in the second quarter of 2013 with its price unknown. Hyundai won the sam...
2011-03-23 23:39:35
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