Shipbuilding
Greeks Are Waiting
Most Greek shipowners, who account for more vessel orders than any other nation, are waiting for prices to drop before expanding their fleets, according to Royal Bank of Scotland Group, their largest lender. The cost of a new VLCC has climbed 5 ...
2010-07-06 09:21:25
Newbuilding spree for tankers
Tankers are proving most popular in the summer ordering revival. Shipowners are spending at a rate of more than $1bn a week on newbuildings, as contracting activity rebounds, which is set to reverse the decline in orderbooks. Tanker orders to...
2010-07-06 08:21:08
Sinopacific signs 58K BC
Private Norwegian bulker owner and operator Western Bulk continues to grow its fleet with another supramax newbuilding. The company has gone for a third 58,000-dwt bulker at Sinopacific Shipbuilding Group’s Dayang Shipyard for delivery in Novem...
2010-07-06 07:41:38
Daewoo inks four chemical's
Norwegian shipowner Odfjell and its Saudi joint venture partner have ordered two chemical tankers at Daewoo Shipbuilding & Marine Engineering in South Korea. Odfjell said it had placed a $65m order for a 75,000-dwt IMO II chemical tanker for deli...
2010-07-06 07:34:37
DSME inks 32 ships worth $3.2bn
Daewoo Shipbuilding & Marine Engineering said today that it has inked 4-ship orders worth about $300m at the end of last month. The South Korean shipbuilder signed a contract on June 28th with Kuwait Oil Tanker Company S.A.K. (KOTC) to build two a...
2010-07-05 11:49:50
Tsuneishi China inks supramax
Tsuneishi Group (Zhoushan) Shipbuilding has penned an order for a 58,000-dwt supramax bulk carrier with Norway's JJ Ugland group. The vessel has a price tag in excess of $33m but its specifications are unknown. It is set for delivery in 2012. ...
2010-07-05 08:25:20
STX inks LOI for 8,000TEU's
On July 2nd, STX Offshore & Shipbuilding announced, "On June 9th, we entered into a LOI with one of Taiwan's shipowners for the contract of supplying 8,000TEU containerships." "STX Offshore & Shipbuilding will provide an official announcement aga...
2010-07-05 07:06:05
DSIC wins SK VLCC pair
On June 30th, Dalian Shipbuilding Industry Corporation (DSIC) won two-unit 320,000-dwt VLCC order from Korean SK Shipping. It is the first time that Korean shipowner ordered such large ship from Chinese shipyard. The 320,000-dwt VLCC was self-exp...
2010-07-05 02:01:03
UACC may cancel SLS quartet
UACC chairman Waleed Al Dawood pens a $280m loan with eight banks this week. United Arab Chemical Carriers’ 10-ship tanker order at SLS Shipbuilding is on the verge of being scaled back considerably as it lines up $280m in fresh financing. O...
2010-07-02 06:43:34
Promar Ceara finds new home
Petrobras says that PJMR's Promar Ceara shipyard will be built in the Suape Port complex in the Brazilian state of Pernambuco. Rio de Janeiro-based investment outfit PJMR has tied up an 80-hectare site next to compatriot shipyard Atlantico Sul, th...
2010-07-02 06:40:18
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