Shipbuilding
Oceania declines option at Fincantieri
Miami’s Oceania Cruises has decided not to exercise an option to build a third ship at Fincantieri in Italy. Travel Weekly reported the line declined to go ahead with the $500m vessel before the deadline to declare the option passed last month....
2010-11-11 07:21:53
Korean yards to book high Q4 results
Stock prices of Korean shipbuilding companies have recently been taking an upturn thanks to the inflow of funds from foreign investors. The pickup in business results caused by an improvement of the market situation has brought about the inflow of ...
2010-11-10 15:00:46
Chinese private yards catch up!
Chinese shipbuilding industry was dominated by state-owned companies for a long time. In 2005, when a global shipbuilding summit was held in China for the first time, no Chinese private shipyards appeared except two national shipbuilders, namely COSC...
2010-11-10 11:45:24
TNC to compensate $8m to Imabari
In 2008 Taiwan Navigation Company (TNC), through the channel of Mitsubishi Corporation, ordered two-unit 37,000-dwt ships at Japan's Imabari Shipbuilding. The problem was that the price stood at the highest market level then. As a result, CMT dec...
2010-11-10 10:38:16
Tsuneishi-Cebu to deliver its biggest ship
Cebu-based shipbuilder Tsuneishi Heavy Industries (Cebu) Inc (THICI), one of Cebu’s largest employers, is set to deliver the biggest locally build sea vessel to its new owners this Thursday. In a statement, THICI—a joint venture between J...
2010-11-10 08:15:39
Evergreen set to order 8,000TEUs soon
Taiwan's Evergreen will soon add to its massive newbuilding tally, according to chairman Bronson Hsieh. It will order 10 8,000-teu containerships as quickly as possible, he said. The owner was close to penning a deal for the vessels at STX in...
2010-11-10 07:39:03
Dayang: To build ships just like building cars
According to official statistics, Yangzhou Dayang Shipbuilding delivered 34 ships in the past three quarters. The output hit 1.49m tons. It ranked 4th in Jiangsu Province. Yangzhou Dayang Shipbuilding started restructuring projects of 60k to 100k ...
2010-11-09 10:41:42
Cosco inks eight more MPPs
Chinese heavylift owner Cosco Shipping Co Ltd (Coscol) has bumped up its multipurpose (MPP)/heavylift-newbuilding tally by eight, bringing its order total for this year to 18. Market players say the owner, which signed up for 10 ships of 27,000 d...
2010-11-09 07:58:51
Guangzhou Dockyard loses appeal
A Chinese shipyard has failed in an unusual bid to take findings of fact from an arbitration to appeal. The dispute concerns a high value arbitration arising from the failure of a deal to convert the 255,000-dwt VLCC Aegiali (built 1987) into a v...
2010-11-09 07:33:22
Yangfan pens 35K BCs
Germany’s John T Essberger is upping its dry-bulk action with an order for 35,000-dwt bulkers. Part of the same group as Deutsche Afrika-Linien, it has inked two Seahorse 35-type ships at China’s Zhejiang Yangfan Group. An option for one ...
2010-11-08 07:20:31
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