10-Mar-2010, MOL embraces China LNG newbuild concept
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MOL has entered into a Heads of Agreement, with an ExxonMobil affiliated company in the Gorgon Project, with the intention for MOL to construct and long term charter a total of four LNG vessels all of...
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10-Mar-2010, MOL gets deals for two dormant LNG ships
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MOL has signed a deal for two long-term charters package by an ExxonMobil affiliate and their co-venture partners in their Papua New Guinea LNG Project. The charters are for MOL's two existing 177,000...
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09-Mar-2010, Yangzijiang to deliver 50 ships in 2010
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Yangzijiang Shipbuilding (Holdings) Ltd. aims to start construction of 53 ships, launch 52 ships and deliver 50 ships in 2010. The new site aims to deliver 26 ships while the old site is to deliver 24...
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09-Mar-2010, KG financier Ownership saves $6.6m
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Lloyd’s List reported that "KG financier Ownership has successfully reduced the price of two multipurpose vessels being built by China’s Jiujiang Tongfang Jiangxin yard." The yard reduced the price of...
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08-Mar-2010, Glenda banks $87m back from Kookmin
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Glenda International has received a $87.4m refund from South Korea’s Kookmin Bank as repayment of monies forwarded for the construction of three 51,000 dwt product/chemical tankers at SLS Shipbuilding...
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08-Mar-2010, USC to set up eco-ship development special organization
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Marine-net reported that "Universal Shipbuilding Corp. (USC) is set to create a special organization to develop the next-generation vessels with high efficiency in fuel consumption and environmental p...
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08-Mar-2010, USC wins orders for 2 ore carriers, 4 Capesize bulkers
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A Marine-net report said that Universal Shipbuilding Corp. (USC) has bagged provisional orders for two 300,000-dwt ore carriers and four 200,000-dwt Capesize bulkers. Deliveries are slated for 2012-20...
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07-Mar-2010, Nakilat and Qatargas announce the delivery of LNG carrier 'Zarga'
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The (266,000 CBM Zarga was delivered to Nakilat placed on chartered on long term contract to Qatargas Operating Company Limited. The Samsung Heavy Industries Co. Ltd. built ship is a Q-Max with 80% mo...
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05-Mar-2010, Baosteel supplies TMCP ship plates to Korean yards
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Baosteel--China's largest steelmaker, is stepping into the high-end market by supplying ship plates to two Korean yards--STX Heavy Industries and Daewoo Shipbuilding and Marine Engineering Co., Ltd. B...
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05-Mar-2010, Jinhai Heavy Industry delivers 176,000 dwt bulker
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Jinhai Heavy Industry delivered J0013--the 176,000 dwt bulker to Sinotrans-CSC Group. The ship was named "Great Qin" and was ordered by Sinotrans Shipping which is now part of the newly merged Sinotra...
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04-Mar-2010, Tighter rules on refund guarantees and financial scrutiny in South Korea
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South Korea is tightening control over small and midsize shipyards using financial reviews and limits to guarantees as policy tools. There are reports that regulatory authorities are telling financial...
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04-Mar-2010, Wartsila engines chosen for eight Minsheng bulk carriers
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Minsheng Financial Leasing Co. Ltd. will use Wartsila engines for eight bulk carriers to be built at Rongsheng. Wartsila's Chinese licensee, Hefei Rong'An Power Machinery Co Ltd (Rong'An), a member of...
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03-Mar-2010, Tougher legal guidelines for Chinese shipbreakers
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The Ministry of Commerce has launched a draft set of legal guidelines to regulate the country's shipbreaking industry. The draft is a joint work with the National Development and Reform Commission, th...
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03-Mar-2010, DACOS to start construction of the second vessel in May
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Dalian COSCO Shipbuilding Industry Co., Ltd. (DACOS) has completed the construction of 120,000 square metres of workshop and put two two 800t gantry cranes. On 18 January 2010, DACOS started construct...
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03-Mar-2010, Two workers killed in Jiangnan Shipyard
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At around 9:30 in the morning of 2 March, two workers were killed in Jiangnan Shipyard on Changxing Island after they were knocked down by a ship plate fell down from No.2 slipway. The ship plate is a...
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02-Mar-2010, Stronger Chinese hands take over troubled Japanese-backed Yangtze yard
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Tsuji Jiangsu which was originally invested by the now bankrupt Japan's Tsuji is being taken over by Jiangsu Fengli Group. Initial communications also cite intentions to market offshore products as we...
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02-Mar-2010, Canadian Davie Yards goes bankrupt, blaming offshore challenges
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Davie Yards is laying off 1,590 workers out of its total 1,750 employees as it enters bankruptcy protection in Canada. The filing under Canada’s Companied Creditors Arrangement Act with the Quebec Sup...
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02-Mar-2010, Fincantieri scores well on facilitating suppliers' credit
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Fincantieri cut a deal with Credit Acricole subsidiaries Eurofactor Italia and Banca Popolare Friuladria to facilitate and reduce the cost of its suppliers in getting access to credit loans. Fincantie...
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02-Mar-2010, Greek government supports Hellenic takeover by Abu Dhabi Mar Group (ADM)
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Abu Dhabi Mar Group (ADM) has won support of the Greek government for taking over 75% stakes of Hellenic Shipyards from ThyssenKrupp Marine Systems. ThyssenKrupp will keep 24.9% stakes of the shipyard...
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02-Mar-2010, Onega Shipyard to launch Karelia ship
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Onega Shipyard (Petrozavodsk, Karelia) has prepared a Karelia 4.570-dwt multipurpose bulker for launching, the Marine Engineering Bureau statement said. The European coaster class (DCV33 project) ship...
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