Shipbuilding
Overcapacity goes on
The shipping industry is still mired in a crisis of its own making, namely the excessive ordering of new ships of all types without regard to the huge growth in demand for shipping services that would be needed to employ all these vessels. World t...
2009-12-24 07:32:52
SPP inks another 82K pair
Greek shipowner Sea Justice has taken advantage of lower newbuilding prices to order two kamsarmaxes in South Korea. It has also sold a modern bulker at a profit. Company boss Elias Papageorgiou confirms Sea Justice has ordered two 82,000-dwt bulk...
2009-12-24 07:15:06
Newbuilding investment down 90%
Newbuilding investment plummeted in 2009 but ordering now seems much more stable after a rough start to the year. Shipowners are set to end the year having invested in newbuildings to just a small fraction of the figure logged last year, foreign m...
2009-12-24 06:58:01
Fresh support measures
South Korea’s National Assembly Research Service (NARS) said Wednesday ‘Future-Oriented Restructuring’, reflecting pursuit of high value-added products and international division of labor, is required for the country’s shipbuilding industry. ...
2009-12-24 06:27:43
$50m for LPG carrier newbuilding
Elcano is paying a whopping $150m to build three LPG carriers to be chartered to Petrobras, according to a market report. The Spanish owner is paying between $48m and $50m each for the ships. The vessels are being built at Brazil's Itajai Shipyard...
2009-12-23 14:03:39
SPP pens two 82K bulkers
Polembros Shipping has ordered two kamsarmax bulkers at SPP Shipbuilding in South Korea, according to foreign media report. The owner is said to have inked two 82,000-dwt bulkers at SPP for a reported $35.5m each. Both units are slated for deliver...
2009-12-23 13:50:02
Sungdong clinches 7-ship orders
South Korean shipbuilding stalwart Sungdong Shipbuilding & Marine Engineering announced Wednesday that it has signed a total of seven-ship orders worth about $400m in less than a week starting from December 18th. Including options, the seven ships...
2009-12-23 12:03:59
Newcomer submits lowest price
Petrobras shipping arm Transpetro confirmed Tuesday that the Promar Ceara shipyard is in the pole position to build eight LPG carriers for the Brazilian owner. The greenfield yard, backed by a major shareholder of Atlantico Sul Shipyard, offered t...
2009-12-23 07:41:51
Orderbook hot topic
The hot topic on everyone’s lips in shipping and shipbuilding industry has been the mammoth orderbook, foreign media reports. It has become almost impossible to escape analysis of cancellations, slippage, postponements and the dire consequences ...
2009-12-23 07:36:20
Yards eyeing greener designs
Asian shipyards are becoming more receptive to discussing new environmental technologies, foreign media reports. As the industry faces increases in bunker costs through reduced availability and the added surcharge from a market-based mechanism to ...
2009-12-23 07:31:45
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