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Shipbuilding
Building permits given to 39 ships in Feb: Japan
Japanese shipyards were granted permits for the construction of 39 ships, aggregating 1.46 million grt, in February 2009, according to statistics compiled by the Maritime Bureau of the Ministry of Land, Infrastructure, Transport & Tourism (MLIT). Up ...
2009-03-18 07:40:28
Hanjin Heavy signs Aframax below $70m
For Aframax tanker newbuildings, a contract at a per-ship price of below $70 million appeared in South Korea. Hanjin Heavy Industries & Construction (HHIC) announced on March 9 that it agreed with an owner to change ship type of two Capesize bulkers ...
2009-03-18 07:35:45
Chinese to buy up cancelled newbuildings
Chinese bulk operators such as China Shipping Development and Sinotrans Shipping could be encouraged by Beijing to take on some of the vessels cancelled by foreign owners to support Chinese shipyards. Macquarie Research analyst Jon Windham estima...
2009-03-18 06:55:41
Newbuilding market starts to move
South Korea’s large shipbuilders are said to have started to make newbuilding offers to shipowners for delivery in 2011. It is said that they mainly seek to receive VLCC or capesize orders. The shipbuilders seem to try to fill the idling capaci...
2009-03-18 06:21:04
Sumitomo forays into Suezmax
Sumitomo Heavy Industries Marine & Engineering Co. (SHIME) has branched out into the construction of a Suezmax tanker. Hitoshi Kashimoto, president of SHIME, told a press conference on Mar. 13, "We have developed our first Suezmax tanker and received...
2009-03-17 07:53:25
The largest-ever ship built in Wuhan: 57K
Qingshan shipyard of China Changjiang Shipbuilding Industry in Wuhan officially delivered its first 57,000 dwt bulk ship which will be exported to Greece this month.
2009-03-17 07:42:00
ONGC hoping to reduce price of 12-vessel order
India's state-owned Oil & Natural Gas Corp (ONGC) is looking to take advantage of a fall in prices for offshore vessels to reduce the cost of its proposed newbuilding programme. Sources say it wants to cut the price of a 12-ship contract by about 15...
2009-03-17 07:09:00
Premicon denies it has axed newbuild options
Munich-based shipping-finance group Premicon AG, best known for its river-cruise fleet, denies reports that it has axed options for two 2,500-teu containerships at Volkswerft. Spokesman Harald Piper says options for a third and fourth vessel at the H...
2009-03-17 06:57:59
The worst is to come: 120m dwt to be cancelled
A leading broker suggests sharp drops in both orders and prices will return the shipbuilding sector to 1990s levels. Some 120 million dwt of newbuildings could be cancelled as shipowners and yards grapple with the current crisis, predicts one of t...
2009-03-17 06:54:12
CMB rejigs order at Hanjin
Market sources say South Korea's Hanjin Heavy Industries has agreed to a request from Belgian shipowner CMB Group to change an order for bulkers into tankers. CMB signed up for two 180,000-dwt capesizes last July for delivery in late 2010 but has ...
2009-03-17 06:43:11
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