Korean shipbuilders unlikely to lead industry reco （2015-03-09）
Although the global shipbuilding industry has entered a recovery period thanks to more shipbuilding orders than deliveries, South Korea's players might not benefit the most from the boom, said an anal... |
Sainty Marine wins repeat orders from Celsius （2015-03-09）
Shenzhen-listed Sainty Marine continues to win new orders from Celsius Shipping amid its loss-making takeover of Nantong Mingde Heavy Industry. The new orders for four 24,600 dwt stainless steel chemi... |
VLCC newbuilding orders relatively quiet （2015-03-09）
Despite a contango in the oil market resulting in an improvement in fleet rates, newbuilding orders have been relatively low, according to tanker brokerage and consultancy Poten & Partners. IHS Mariti... |
JES proposes restructuring for JEHI （2015-03-04）
Singapore-listed shipbuilder JES International Holdings (JES) has proposed a consensual restructuring between Jiangsu Eastern Heavy Industries (JEHI) and the China-based subsidiary’s creditors. JEHI h... |
Japan calls for box ship safety overhaul （2015-03-04）
Japan's Ministry of Land, Infrastructure and Transport is looking to tighten class safety rules for big container ships. In its final report on the break-up and sinking of the 8,110 teu MOL Comfort, t... |
Sainty Marine to freeze Nantong boss assets （2015-03-04）
Shenzhen-listed Sainty Marine has secured a court approval to freeze Nantong Mingde Heavy Industry president's CNY700 million (USD113 million) asset over a loan dispute. The Jiangsu Province High Peop... |
China lacks iron ore demand for its Capesizes （2015-03-04）
Although China consumes about 18 Capesize-loads of iron ore per day, the supply of ships is such that the demand is insufficient to create profitable freight rates, said London-based shipbroker ICAP S... |
HHIC bags orders for two LPG carriers （2015-03-04）
South Korean shipbuilder Hanjin Heavy Industries & Construction (HCIC) has won orders for two LPG carriers. The price of the two carriers is KRW114.9 billion (USD104.166 million), working out to USD52... |
India’s SCI ends newbuilding freeze （2015-03-03）
India’s state-run Shipping Corporation of India (SCI) said it would start ordering new ships, lifting a two-year freeze on acquisitions following a dismal financial performance in the last four years.... |
Vard's cash flow to improve amid gloomy orderbook （2015-03-03）
Singapore-listed Norwegian offshore vessel builder Vard will improve in its net cash position despite a gloomy order outlook, CIMB Securities analyst Yeo Zhi Bin told IHS Maritime today. “Vard’s net c... |
3 Maj wins Algoma self-unloading bulker order （2015-03-03）
Croatian shipyard 3 Maj, which is owned Uljanik Shipbuilding, has won an order for two Handysize self-unloading bulkers from Canadian shipowner Algoma Central. The two 24,900 dwt vessels are scheduled... |
Tsuneishi banks on R&D to win orders （2015-03-03）
Japan’s Tsuneishi Shipbuilding, which mainly builds Kamsarmax and Handymax bulkers, plans to soldier on with research and development to clinch new orders. Speaking to IHS Maritime in Singapore today,... |