Shipbuilding
Turkish yard Besiktas wins $200m order
At a time when Turkey’s relations with Azerbaijan have grown tense, an Azerbaijani business group signed a lucrative deal with a Turkish shipbuilder, in a sign that business relations between the two sides are as warm as usual. The Palmali Grou...
2009-10-26 14:32:05
Chinese to order 76K pair
China Shipping (Group) Company subsidiary China Shipping Development held regular board meeting on October 22nd and passed the bill to build two 76,000-dwt bulkers, local media reported. China Shipping Development said its board of directors has app...
2009-10-26 12:06:37
Danyang wins LPG carriers pair
National Iranian Tanker Co (NITC) has reportedly signed up for two 9,500-dwt LPG tankers at SinoPacific Shipbuilding Group's Yangzhou Dayang with delivery in 2012. No prices have been disclosed. Market sources in the Middle East who closely follow...
2009-10-26 07:23:01
Vinashin wins 16 bulkers
Struggling Vietnam Shipbuilding Industry Corp (Vinashin) has signed a $450m contract with a domestic shipping outfit. Local sources say Trai Thien Group is behind the order, which involves a total of 16 bulkers ranging from 34,000 dwt to 56,000 dw...
2009-10-26 07:20:01
Nordic to focus on specialist ships
Nordic Yards unveiled business plans for Wadan shipyards in Wismar and Warnemünde, Germany, three months after they filed for insolvency, foreign media reports Vitaly Yusufov, managing director of the yards’ new proprietor said the Baltic y...
2009-10-26 07:06:12
China new ship orders halve
According to Mr Xiong Bilin, a researcher from Department of Industry under National Development & Reform Commission noted on the latest news release conference ship demand decreases, thus China new ship orders will reduce by half to 25 million DWT t...
2009-10-26 07:02:46
Korea overtaken by China in new orders
South Korean shipbuilders were outpaced by their Chinese rivals in terms of new orders received in the first nine months of the year, according to a London-based market researcher. Korean yards won a combined 1.33 million CGT in new orders in the ...
2009-10-26 06:57:56
New order rally weakens
Global newbuilding orderbook stood at 8,671 ships of 162m cgt and 517m dwt as of the end of September, with 196m dwt or 38% of the total orderbook set for delivery in 2010. According to delivery schedule, 82m dwt or 16% was still set to be deliver...
2009-10-26 06:29:18
Cancelled newbuilds go to Chinese
The Chinese Ministry of Transport has allowed domestic operators to purchase cancelled ships at the country’s shipyards in order to boost the shipbuilding industry, local media reported. Department of Water Transport director general Song Dexing...
2009-10-23 00:58:48
21st Century to win bulker pair
21st Century Shipbuilding of South Korea said on October 22nd that it has signed a letter of intent with Greek shipowner to build a pair of bulkers. If the contract is signed, the 34,000-dwt bulkers will be delivered at the end of 2011 and the beg...
2009-10-23 00:45:58
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