Shipbuilding
Yangzijiang rises in Q2
China's Yangzijiang Shipbuilding says it has managed to hang on to all the newbuilding orders it landed prior to the global financial crisis. And executive chairman Ren Yuanlin used his company's second-quarter earnings release to tell investors ...
2010-08-11 08:15:36
Cosco bags supramax pair
A mystery shipowner looks to have grabbed a bargain basement price for a pair of supramax newbuildings at a Cosco yard. The unidentified Asian outfit has penned a contract for two 57,000-dwt units for a total of around $55m at Cosco Guangdong Shi...
2010-08-11 07:47:20
Will it continue?: China's No.1
Chinese shipbuilders are keeping their dominance in new order intakes since last year thanks to low-price competitive edge and the government's ship financing support, but it looks difficult for them to continue with the No. 1 position. This is be...
2010-08-11 07:05:22
Chinese local orders rebound
China Shipping Industry Company recently signed four 47,500-dwt bulk carriers. In the first half of this year, the main shipyards in Jiangsu Province China took 73 newbuilding orders. Chinese orders occupied 35 units, namely 47.95%. In the past, o...
2010-08-11 01:07:39
Chengxi inks 10 bulkers
China’s Chengxi Shipyard has signed a newbuilding contract with Canada's CSL Group for 10 self-unloading bulk carriers. The deal is worth $514m, the owner's largest fleet renewal program, CSL revealed. The Chengxi yard under the umbrella of C...
2010-08-10 07:39:09
Cosco secures BC pair orders
The Board of Directors of COSCO Corporation (Singapore) Limited (the Company) wishes to announce that COSCO (Dalian) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured contracts valued ...
2010-08-10 07:27:47
PT Pal wins PC pair
Shipbuilder PT Pal Indonesia has scooped a $49m contract from compatriot owner Pertamina to build a pair of products tankers. Three other domestic yards were also landed with a newbuilding contract each in the $102m splurge but two will have to c...
2010-08-10 07:24:33
Jinhai awaits next 'mega order'
Last year Grand China Logistics (GCL) ordered 51 bulk carriers and tankers at Jinhai Heavy Industry (then Zhoushan Jinhaiwan Shipyard). Now the first of them has been launched in June of this year. An insider revealed that GCL was planning next st...
2010-08-10 01:03:55
Hudong-Zhonghua inks panamax duo
Hudong-Zhonghua Shipbuilding of China has secured two panamax bulkers from Iolcos Hellenic of Greece. The two 76,000-dwt bulkers are slated for delivery in October and December 2010. No price has been revealed for the order but sources close t...
2010-08-09 08:18:04
Qidong Daoda wins 205K BC's
Polembros of Greece’s latest order for four 205,000-dwt bulkers at Qidong Daoda Heavy Industry in China underlines the company’s turn toward the dry-bulk sector. Company advisor David Gare confirms the deal, which is Polembros’s third newbu...
2010-08-09 07:49:53
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