Shipbuilding
Newbuild prices still falling
While shipbuilding market slump is ongoing, newbuilding prices are still on the decline. According to industry sources, newbuilding price indices of bulker, tanker and containership as of September fell 29%, 27% and 30% year-on-year respectively. ...
2009-10-19 06:26:28
SinoPacific (Dayang) wins 16 supramaxes
A low-profile shipowner called Turner Shipping has been identified as being behind dozens of supramax bulker orders in China, including a fresh deal for 16 newbuildings. Turner is said to have offices in Europe but with indirect partnership ties w...
2009-10-16 16:45:38
Daewoo wins five suezmaxes
Angola’s state-owned oil company Sonangol Group has placed an order for five suezmax tankers at South Korea’s Daewoo Shipbuilding & Marine Engineering at a price of just over $60m per ship. At the peak of the newbuilding market last year, it c...
2009-10-16 16:17:56
Newbuilding price war starts
South Korean yards are said to be marketing capesize newbuilding contracts at as low as $55m apiece in the order-intake competition with domestic rivals. They seek to be the first to benefit from increased interest from shipowners. Brokers say som...
2009-10-16 16:06:55
STX denies VLOC orders
An official from South Korea’s STX Pan Ocean is denying that it has ordered eight very large ore carriers (VLOCs) at sister company STX Offshore & Shipbuilding. He says the shipowner is still keeping its options open after it inked a $5.84bn con...
2009-10-16 08:00:11
ESL cancels bulker
Finland’s ESL Shipping has cancelled an order for one of two 18,800-dwt bulkers it has on order at India’s ABG Shipyard. The shipowner blamed delays for its decision to terminate the contract for the second of the two vessels, due in 2010. The...
2009-10-16 07:56:42
IHI develops huge electric ferry
Japan’s IHI Corp has designed what it claims is the first large electric ferry powered by batteries. The company said the vessel would have a length of 30 meters and carry 800 passengers. While smaller battery-powered boats are already in the wa...
2009-10-16 07:34:23
Won’s appreciation oppresses yards
While won-dollar exchange rate is expected to continue to fall for a while, it is attracting shipbuilding players’ attention how it will affect the industry going forward. Recently the Korea Development Bank Research Institute forecast won-dolla...
2009-10-16 06:53:18
Sino-Russian build New yard
Today, Russia and China are set to sign an agreement on building a large shipyard in the city of Vladivostok. $200m is expected to be spent on the yard, which sees Yantai Raffles of China and United Shipbuilding Corporation of Russia coming together....
2009-10-15 10:48:21
Italy yards call for incentives
Representatives of Italy’s shipbuilding industry have called on the government to incentivize fleet renewal, help free up export credit guarantees, and push forward newbuilding projects at state-controlled companies, foreign newspaper reports. At a...
2009-10-15 07:46:48
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