Small, mid-sized bulkers could get longer-term sup (2015-06-26) Bulkers in the range of 20,000–64,999 dwt may have a tough time this year due to a global drop in commodities demand and over-tonnage, but growing shipments of steel products and agribulk cargoes coul... |
Jinhai Heavy Industry to deliver 8,800 teu (2015-06-26) Jinhai Heavy Industry (JHI), a shipyard affiliated with China’s HNA Group, expects to deliver its first 8,800 teu container ship newbuilds and a jackup offshore construction vessel within 2015, a stat... |
HHI wins CMA CGM ULCS order (2015-06-09) South Korea’s Hyundai Heavy Industries (HHI) has won a new order for a series of ultra large container ships from French operator CMA CGM. The six 14,000 teu vessels are to be built at Hyundai’s Ulsan... |
Thenamaris boosts tanker orders (2015-06-09) Greek shipowner Thenamaris has boosted its existing orderbook by adding four tanker newbuildings at two Asian shipyards. It has contracted two LR2 products tankers at South Korea's Sungdong Shipbuildi... |
NYK Stolt declares stainless steel tanker options (2015-06-09) NYK Stolt Shipholdings has declared options for two stainless steel chemical tankers at Japanese shipyard Usuki. The 12,500 dwt ships are due to be delivered to the owner, which is a joint venture bet... |
Delphis adds box ships at HHIC (2015-06-09) Belgian boxship owner and operator Delphis has extended an existing boxship order at Hanjin Heavy Industries & Construction (HHIC) in South Korea. Delphis originally ordered two 1,900 teu vessels in N... |
Damen seeking stake in Vietnam shipyard (2015-06-09) Dutch shipbuilder Damen is looking to acquire a 49% stake in Vietnamese shipyard Ha Long, according to reports in Vietnamese state media and a press release by Ha Long’s parent company, the state-owne... |
Scorpio Bulkers continues retreat (2015-06-09) NYSE-listed Scorpio Bulkers has sold another five newbuilding contracts as it scrambles to reduce its exposure to depressed freight rates. The Emanuele Lauro-led dry bulk company announced the sale of... |
Liner shipping industry to remain under pressure (2015-06-09) The unabated trend of ultra-large container ship (ULCS) orders means the liner shipping industry will remain under pressure, said Italian broker Banchero Costa. IHS Maritime's Sea-web.com data show th... |
Hyundai Mipo Dockyard far from meeting order targe (2015-06-09) South Korean mid-tier shipbuilder Hyundai Mipo Dockyard's (HMD's) shares are expected to show weakness as it has a long way to go in meeting its 2015 order target. In a report following a visit to the... |
Vard launches new innovation project (2015-06-04) Singapore-listed offshore vessels designer and shipbuilder, Vard Holdings has launched a new innovation project in ship design. The project, named ‘A step forward’, are design innovations developed wi... |
HHI wins Mexican VLGC (2015-06-04) South Korean shipbuilder Hyundai HI has won a new order for a VLGC from Mexican energy provider Tomza. The 84,000 cbm capacity vessel is booked for delivery in March 2017 and is estimated to have been... |
Rolls-Royce debuts permanent-magnet azimuth thrust (2015-06-04) Rolls-Royce unveiled at Nor-shipping on 3 June an azimuth thruster featuring permanent-magnet (PM) technology. The group’s PM technology portfolio includes tunnel thrusters and a newly developed winch... |
Austal wins high-speed crew boat (2015-06-04) Australian shipbuilder Austal has announced that it has won a new order from Caspian Marine Services of Azerbaijan for a fast crew boat. The 70 m-long vessel has been priced at USD34 million and will ... |
Jellicoe inks LR2 quartet (2015-06-04) Daehan Shipbuilding of South Korea has won a new order for four Aframax products tankers from a Singapore-based owner. The 114,900 dwt, LR2 vessels have been contracted by Jellicoe Tankers Asia and ar... |
HHIC delays deliveries of Capesizes, box ship (2015-06-04) South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) will be deferring the delivery of two Capesize bulkers and one container ship. HHIC made the revelations in Korea Exchange filing... |
Tsuneishi to establish repair yard in Indonesia (2015-05-27) Japanese shipbuilding group Tsuneishi Holdings Inc has said it will invest USD40 million in establishing a ship repair facility in Indonesia. Tsuneishi’s president and chairman, Yasuharu Fushimi, cite... |
Aurora LPG to pay dividend and buy back shares aft (2015-05-27) Aurora LPG, the Oslo-listed expanding VLGC owner, has reported a healthy profit for 1Q15 and vows to pay a dividend of USD0.10 per share for the quarter and buy back NOK75 million (USD10 million) wort... |
New STX O&S boss vows to realise recovery (2015-05-27) The new CEO of South Korean shipbuilder STX Offshore & Shipbuilding (O&S) has pledged to rehabilitate the company. Lee Byung-mo, who has been elected as the new CEO after STX O&S’s former CEO Jung Sun... |
Court seizes Sainty Marine’s assets (2015-05-27) The Wuhan Maritime Court has seized more of Shenzhen-listed Sainty Marine’s assets upon application by the Bank of Jiangsu. The company’s assets worth CNY120 million (USD19 million) had been frozen by... |