Danaos moves to delay deliveries
Piraeus-based Danaos Corp is close to pushing back one third of its vessel deliveries in one of container shipping’s biggest newbuilding programmes. Five vessels have already been delayed by up to eight months, while the New York Stock Exchange-lis...
Shipyards urge gov't aid: Turkey
Turkey’s growing shipping industry needs government support to survive harsh global conditions, says Metin Kalkavan, chairman of the Turkish Chamber of Shipping. Turkey’s shipping industry needs state support in order to be more competitive in th...
Bulker cancellations may reach 100m dwt
A third of the 300m dwt of bulk carriers on order will be cancelled in the next three years, according to Norwegian broker Lorentzen & Stemoco. An estimate of 100m dwt of newbuilding cancellations has been worked out by investigating what owners have...
Second round restructuring started
Second phase restructuring of shipbuilding firms has begun in South Korea and four shipyards are attracting industry’s attention on their fate. Government is now asking more severe appraisal standards than the first round. Banks on the basis of ...
No relation to Norden cancellations: Jiangmen
Jiangmen Nanyang has said it is not the Chinese shipyard which has seen two Norden newbuildings quashed. The Danish owner said on Tuesday that it had axed a 50%-owned handysize pair in China but received deposits back in full. Senior vice-presiden...
Odense suffered order cancellations
Greek owner Carras (Hellas) has scrapped orders for two of eight capesizes it had contracted at Maersk’s Odense Steel Shipyard in Denmark. The original order was for four vessels placed in the summer of 2007 and two sets of two have been added s...
Beijing's focus on larger shipyards
The government is preoccupied with saving larger shipyards with many smaller ones in jeaopardy which could well present an opportunity for some, says Mao Yongbong, president of Hubei Baibuting Group. His firm has acquired and is reorganizing six priv...
Orders flatlining in Feb, down 98.4%
Shipbuilding orders received in February worldwide fell to 193,000 dead weight tonnes (dwt), down 50% month-on-month and by 98.4% year-on-year. Governments across east Asia are scrambling to find financial solutions for the potentially empty swat...
Three yards vie for tankers: Transpetro tender
Three Brazilian shipyards are competing in a tender to build a trio of bunkering tankers for Transpetro, Petrobras' logistics arm revealed. The tankers are part of the second phase of Transpetro's $5bn, 49-vessel fleet expansion program. Two Rio d...
Imabari plans to deliver 100 ships
Imabari Shipbuilding built a record-high 91 newbuildings in the whole of 2008, including 22 units of the 28,000-dwt Handysize bulker, one of its main products, and 12 units of the 76,000-dwt Panamax bulker. Imabari posted an increase in newbuilding c...
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