Shipbuilding
Erria cancels
Danish owner Erria has cancelled a 6,500-dwt chemical tanker newbuilding at Rushan City Shipbuilding in China. The OMX-listed company said it had reached a deal that would see it incur no loss on the vessel, whose delivery had been delayed from 20...
2009-01-28 07:25:53
Seven set back
Seven more bulker newbuildings on order at Cosco Corp have been delayed by up to 13 months at the owner’s request. Contracts for four supramaxes and a trio of panamaxes being built at two Cosco units have been held up as the fallout from the cra...
2009-01-28 07:24:25
Bharati Shipyard to build first LNG fuelled vessel in India
Leading offshore and cargo shipbuilding company, Bharati Shipyard is on the verge of creating a record by developing the first liquefied natural gas (LNG)-powered vessel in the country. "Today, we are in the design stage and will start constructing t...
2009-01-28 07:21:45
Delivery date changes
Due to the worldwide recession, shipowners have been requiring the change of delivery date of ordered vessels, recently, even for those whose delivery dates are due soon. According to an official at a shipyard, the number of shipowners asking f...
2009-01-28 07:19:56
Berlian Laju may buy LNG carrier and tankers
Indonesia’s Berlian Laju Tanker (BLT) could splash $280m on buying one LNG carrier and four chemical tankers this year. Financial chief Kevin Wong told Investor Daily Indonesia that the owner would raise its debt levels and use internal cash reserv...
2009-01-28 07:02:18
30 tanker newbuilds axed
As for tankers which are taking a smaller hit from the global market slump, around 30 newbuildings have been cancelled since last October. According to the market report recently released by Drewry Shipping Consultants, newbuilding contracts for a...
2009-01-28 06:22:08
Newbuilding ordering: '0' level
Newbuilding ordering activity has ceased following global shipping market collapse, and shipyards kept receiving ‘zero’ newbuilding order. According to reports released by leading shipping market analysis firms, no official newbuilding contrac...
2009-01-28 06:13:18
Vale splashes out for massive newbuildings
Vale will pay domestic shipyards BRL 399m ($170m) for 49 tugs and barges, the Brazilian miner said Thursday. The order by the company, the world's largest iron ore producer, includes two river barge convoys, each made up 16 barges and two pushboat...
2009-01-23 07:55:31
C& Heavy deciding on next step
In light of the decision of South Korean financial institutions to cut off support to compatriot shipyard C& Heavy Industries (C&HI), the builder will now be faced with the choice of court-controlled reorganization, independent reconstruction or the ...
2009-01-23 07:31:59
Greek newbuilding orders plummet
Newbuilding orders placed by Greek shipowners in 2008 fell to just one-third of the figure booked in the previous year but the amount invested fell much less dramatically. The annual round-up prepared by Piraeus-based George Moundreas & Co shows that...
2009-01-23 07:12:13
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