Shipbuilding
Shipbuilders face choppy seas
Local newspaper reported that for Chinese shipbuilders this is probably the worst of times and the hardest period has yet to come. Major shipowners both domestic and foreign are expected to go slow on new orders during the next one and a half yea...
2009-09-01 07:13:02
Metrostar mulls newbuilding resale
Greek owner Metrostar Management is contemplating the sale of another newbuilding tanker. The company is said to be discussing the sale of one of its 310,000-dwt VLCCs set for delivery in January from South Korea's Hyundai Heavy Industries. Sou...
2009-09-01 07:06:51
Shipbuilding stimulus bears fruit
Since the global financial crisis and economic downturn began at the end of 2008, Chinese government has continued to announce 10 main industries adjustment and promotion plans for economic stabilization and rapid growth. The main purposes of the ...
2009-09-01 06:43:44
Bach Dang launches ethylene gas carrier
Vietnam’s Bach Dang Shipbuilding Industry Company launched a 4,900-dwt ethylene gas-carrying vessel, the first of its kind, in the northern port city of Hai Phong on August 28th. The King Arthur, 104m long, 16.4m wide, 8.4m high and capable of c...
2009-08-31 13:55:14
Hantong secures massive orders
Jiangsu Hantong Ship Heavy Industry is one of the few yards in China to have secured newbuilding contracts during the market downturn. Executive director Wu Yiwen says it has sealed orders for 12 supramaxes of 57,000 dwt this year, despite the poo...
2009-08-31 07:16:18
New orders plunge: Koshipa
Newbuilding orders won by South Korean shipbuilders in the first half of 2009 plunged to only 184,000 cgt, equivalent to an appalling 1.3% of the annual total for 2008, according to the Korea Shipbuilders' Association (Koshipa). The volume is believe...
2009-08-31 07:06:20
Hudong faces 4 more delivery delays
Orient Overseas (International) Limited (OOIL) has held up the arrival of four more containership newbuildings by a total of six years. Its decision to push back the quartet on order at Hudong-Zhonghua Shipbuilding comes less than a day after it d...
2009-08-31 06:50:31
Qingdao Hyundai delivers tanker
Greece's Aegean Marine Petroleum Network has recently taken delivery of the 'Kerkyra', a 6,290-dwt double-hull bunkering tanker newbuilding from Qingdao Hyundai Shipbuilding located in China. According to Aegean CEO Nikolas Tavlarios, the company ...
2009-08-31 06:26:51
Chinese sweep newbuilding orders ?
According to industry sources, fresh shipbuilding orders signed since July worldwide amount to 91 ships including 54 bulkers, 18 tankers, 5 containerships, etc. Of them, Chinese shipbuilders have secured 57 ship orders through low price order inta...
2009-08-31 06:20:37
Real owner of 12 NITC VLCCs
Two candidates have been named as the market buzzes over who is the real owner behind the NITC’s 12-VLCC deal in China. A Chinese company known as Sea Board is said to be the owner of 12 VLCC newbuildings destined to boost the fleet of National ...
2009-08-28 18:36:51
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