AVIC International, Deltamarin venture into EPC bu （2015-04-29）
Singapore-listed Chinese shipbuilding group AVIC International Maritime Holdings and its subsidiary Deltamarin are venturing into engineering, procurement and construction (EPC). Their joint venture, called Deltamarin Floating Construction, has three core business areas —environmental products inclu... |
BW LPG extends VLGC fleet expansion by exercising （2015-04-29）
BW LPG, the world's largest VLGC owner, says it has exercised a purchase option for a vessel it has operated on charter about a fortnight after it announced the purchase of four newbuilds. The company, which is listed in Oslo and controlled by the Singapore based BW Maritime group, has exercised a p... |
Western Marine wins Jindal order （2015-04-27）
Bangladeshi shipbuilder Western Marine Shipyard has won an order from India’s Jindal Steel for up to 10 general cargo vessels. Delhi-based Jindal cancelled its previous fleet renewal plans in 2009 but they appear to have been revitalised with this six-firm-plus-four-options order, which is worth abo... |
China CSSC profits surge 350% in 1Q15 （2015-04-27）
Shanghai-listed China CSSC Holdings has announced net profits of CNY124 million (USD20 million) for the first quarter of 2015. This figure, announced 24 April, represents a jump of 349.9% from the previous year and more than the total CNY44.2 million net profit for the whole of 2014. The company’s r... |
Golden Ocean sells ships, leases ones back, and po （2015-04-27）
Golden Ocean Group, the listed dry bulk shipping company in John Fredriksen’s business empire, has sold eight Capesize vessels and leased them back. It has also sold a further six units and postponed deliveries of newbuildings to raise cash in a weak market. The company has sold eight ships to Ship ... |
HMD secures d’Amico LR1 LOI （2015-04-27）
South Korean Shipbuilder Hyundai Mipo Dockyard (HMD) has secured a letter of intent (LOI) for an LR1 tanker order from Italian shipowner D’Amico International Shipping. Should the order be confirmed then delivery of the 75,000 dwt eco-vessels is scheduled for the middle of 2017 and they are expected... |
Yangzhou Dayang wins Kamsarmax order （2015-04-25）
China’s Yangzhou Dayang Shipbuilding has won an order for a Kamsarmax bulk carrier from Greek owner Saint Michael Shipping. The 82,000 dwt Crown MHI 82 design eco-ship is scheduled for delivery in 1Q2016. This will be the largest bulker in the shipowner’s fleet as it currently has four vessels of be... |
HHIC secures MSC container ship quartet （2015-04-25）
South Korean shipyard Hanjin Heavy Industries and Construction (HHIC) has secured an order for four container ships from Mediterranean Shipping Co (MSC) to be built at its yard in Subic Bay, Philippines. The four 11,000 teu vessels are scheduled for delivery in 2017 and cost about USD80 million each... |
Hapag-Lloyd signs 10,500 teu newbuilding series （2015-04-25）
German container line Hapag-Lloyd plans to bring a new string of 10,500 teu container vessels to the East Coast South America (ECSA) trades by 2017. The Hamburg-based carrier today announced the signing of a newbuilding contract for five such vessels with Korean builder Hyundai Samho Heavy Industrie... |
CMHI wins DSCV trio （2015-04-25）
China Merchants Heavy Industry (CMHI), Shenzhen, has signed a contract with Singapore-based Ultra Deep Solutions for three diving support construction vessels (DSCV). The three 5,600 dwt newbuildings will be Marin Teknikk-designed MT6023 with an overall length of 111.58 m, beam of 23 m and draught o... |
Hyundai Samho secures PCTC quartet （2015-04-25）
Korean shipbuilder Hyundai Samho Heavy Industries has secured an order for up to four pure car/truck carriers (PCTCs) from Oslo-based Norwegian Car Carriers (NOCC). The two firm 6,500 ceu vessels are scheduled for delivery in 4Q16 and 1Q17 with two options also attached to the order. Sources indicat... |
Jiangsu Newyangzi wins PZM handysize pair （2015-04-25）
Chinese yard Jiangsu Newyangzi Shipbuilding has won an order for two handysize bulk carriers from returning Polish shipowner Polska Zegluga Morska (PZM). The two 38,500 dwt vessels will have an overall length of 199.99 m, beam of 23.7 m and depth of 15.3 m, with delivery scheduled for January and Ap... |
HMM cancels Newcastlemax orders （2015-04-25）
Hyundai Merchant Marine (HMM) said on 24 April it has cancelled two Newcastlemax dry bulk carriers that it ordered in 2013. South Korea’s second-biggest shipping company explained in a Korea Exchange filing that it placed the orders on the basis of securing long-term shipping contracts. “Since then,... |
Analyst: Concerns over DSME undue （2015-04-25）
Daewoo Shipbuilding & Marine Engineering is now the star performer among South Korea's Big Three shipbuilders and concerns over its earnings are undue, said an analyst. Samsung Securities analyst Han Young-soo based his report on a recent visit to the Okpo-based DSME to check on its recent performan... |
Shipping looks at LNG as growth engine （2015-04-25）
Demand for LNG in Asia is growing and shipping and maritime-related enterprises should gear up for the business this will bring. Speaking at Sea Asia on 23 April, Singapore LNG Corporation (SLNG) CEO John Ng said, “Asia is the growth engine for LNG demand with around 75% of total LNG consumption hap... |
Avic Weihai wins MST Handysize pair （2015-04-22）
Chinese shipbuilder Avic Weihai Shipyard has won an order for two Handysize bulkers from German shipowner Mineralien Schiffahrt Spedition und Transport (MST). The two 38,000 dwt vessels will have an overall length of 181 m, a beam of 30 m, and a depth of 15.2 m. Delivery is scheduled for September a... |
CSBC to deliver 16 ships in 2015 （2015-04-22）
China Shipbuilding Corporation (CSBC), Taiwan’s largest shipbuilder, will deliver 16 newbuilds in 2015, the highest level since 2008, said CSBC president Chen Feng-lin on 17 April. Eleven newbuilds will be delivered by Kaohsiung yard and five by Keelung yard. Among these, three newbuilds by Kaohsiun... |
Scorpio Bulkers sells seven newbuilds （2015-04-22）
Scorpio Bulkers continues to whittle down its enormous orderbook in the face of depressed rates, selling seven newbuild contracts for USD290 million. On 21 April the Emanuele Lauro-chaired company sold three Capesize newbuilds by Daewoo Mangalia in Romania for deliveries in 4Q15 to 2Q16, a Kamsarmax... |
Compatriot company to acquire RSHI shipyard （2015-04-22）
A Chinese company listed on a stock exchange in China has been identified as a potential purchaser to acquire relevant assets and liabilities of Jiangsu Rongsheng Heavy Industries, a key shipyard owned by China Rongsheng Heavy Industries Group (RSHI). RSHI is further negotiating with the potential p... |
GasLog tightens BG ties （2015-04-21）
NYSE-listed GasLog will charter up to nine LNG carrier newbuildings to the BG Group, which is in the process of being acquired by Royal Dutch Shell. GasLog announced on 21 April that BG will charter three previously ordered newbuildings for an average of 9.5 years, commencing in mid-2018 and early 2... |