Shipbuilding
New Century plots IPO
China’s New Century Shipbuilding could revive its IPO in Singapore in a bid to raise SGD 700m ($516.83m). The prospect was raised by an unnamed source familiar with the matter who talked to the Dow Jones news agency. The previous IPO bid wa...
2010-08-19 08:24:25
Brightoil admits VLCC order
Brightoil Petroleum has confirmed its plunge into the VLCC market with a near $540m newbuilding order. Brightoil will pay $107.5m each for five VLCCs. In a statement to the Hong Kong Stock Exchange Brightoil says the first four 319,000-dwt ne...
2010-08-19 08:17:57
ASL wins newbuilding deal
Singapore’s ASL Marine has won an order worth SGD 55m ($40.56m) for 30 tugs and barges. Its ASL Shipyard unit will build the two azimuth stern drive tugs, a pipe-lay barge and 27 cargo barges. The tugs will be delivered in the first quarter of ...
2010-08-18 08:43:53
Jiangsu export ranking shuffles
In the first half of this year, the export value of 35 shipbuilders in Jiangsu Province China hit $10m level for each company. The export volume of 26 builders was increasing. The others came across plummet. Most of them are private shipyards. The...
2010-08-18 01:03:43
China rises to shipbuilding power
As is reported earlier, China’s output, order intakes and orderbook occupied 41.1%, 46.2% and 37.7% of global share respectively in the first half year. China’s output hit 29.63m dwt, rising by 86.7%. The new orders were the four times of that in...
2010-08-18 01:02:52
JES warns of increased competition
Chinese shipbuilder JES International is forecasting pricing pressure as competition grows between domestic yards. The Singapore-listed shipbuilder reported a second quarter net profit of RMB46.1m up 547% on the same period last year. The company...
2010-08-17 08:21:10
Daewoo inks 10,700TEU duo
Singapore's Neptune Orient Lines has formally converted option for two 10,700-teu vessels into a firm order at Daewoo Shipbuilding & Marine Engineering on August 16th. The pair is slated for delivery in 2012. NOL says the 10,700-teu pair will ...
2010-08-17 07:27:47
Japanese annual deliveries edge up
Japan's shipbuilding output recorded 16.32m gt in 2009, edging up by a meager 0.8% from the previous year. Among top five shipbuilders by newbuilding output, Koyo Dockyard jumped from 8th spot in 2008 to No. 4 last year by delivering 15 ships, thr...
2010-08-17 06:47:22
CSBC faces profit diving
Tan Taiping, General Manager of Taiwanese CSBC, recently said the group’s profit of new orders was diving due to global economy recession. As a result, the annual profit is likely to plummet accordingly. ‘We gain almost nothing from these orde...
2010-08-17 01:06:13
STX O&S books supramax trio
Principal Michael Papaioannou confirms an order for two firm bulkers plus one option. Greek owner Helikon Shipping Enterprises is continuing its fleet renewal and has emerged as the “unidentified European shipowner” that was reported in June ...
2010-08-16 07:07:25
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