24-Jul-2010, Will Vinashin make good on foreign debt?
|
A report in Debtwire detailed how foreign lenders of Vietnam Shipbuilding Industry Group (Vinashin) remain in the dark over the troubled company’s intentions regarding its USD 600m loan. The first USD...
|
22-Jul-2010, Keppel to convert VLCC for SBM
|
Keppel Offshore & Marine Ltd, through Keppel Shipyard has won a conversion of a Floating Production Storage and Offloading (FPSO) vessel, rebuilding the VLCC Theseus into an FPSO facility for Single B...
|
21-Jul-2010, "STX loses licence for new Vietnam yard"
|
STX Offshore and Shipbuilding has confirmed to Lloyd's List that its licence to build a shipyard has been pulled by Vietnamese authorities. "They will retract the authorisation of our investment," a s...
|
17-Jul-2010, Tongfang Jiangxin Shipyard explosion claims six lives
|
At about 2:10am on 17 July, an explosion in Tongfang Jiangxin Shipyard claimed six deaths and four injuries. Workers of Jiangxi Jingcheng Industrial Co., Ltd.--subcontractor for the painting work in t...
|
15-Jul-2010, Brightoil orders 80 engines for bunker tanker build up
|
Wartsila will supply a 80 engines for 40 new bunkering tankers being built for China's Brightoil Petroleum Group at a cost of more than Eur23 million ($29.04 million). "Brightoil has recently signed t...
|
15-Jul-2010, Titan Petrochemicals: lowering min tender rate could increase challenge of repaying existing notes
|
A report in Debtwire said, "Titan Petrochemicals' decision to lower the minimum tender rate for its exchange offer increases the challenges the company could face when it needs to refinance its remain...
|
14-Jul-2010, Zhejiang Zhenghe starts construction of the third 70,000 dwt bulker for Dongguan Haichang Shipping
|
On 3 July, Zhejiang Zhenghe Shipyard started construction of the third 70,000 dwt bulker named "Xin Dong Guan 8" for Dongguan Haichang Shiping Co., Ltd. which is based in Dongguan of Guangzhou. The sh...
|
13-Jul-2010, Golden Ocean tightens screws on Pipavav
|
Golden Ocean withdrew a legal arbitration against Pipavav after forcing the yard to sell ships at $31m a 12% discount to the earlier price. GOGL had ordered six Panamaxes from Pipavav Shipyard in Marc...
|
12-Jul-2010, Eight newbuilding contracts to the new shipyard in Brazil
|
STX Norway Offshore AS and partner PJMR Empreendimentos Ltda has through its subsidiary Estaileiro Promar S.A entered into contracts for building of eight LPG Carriers at the new shipyard in Brazil. T...
|
11-Jul-2010, Pipavav Shipyard appoints new CEO
|
Pipavav Shipyard Ltd said Cmde (Retd) M. Jitendran, VSM, has been appointed as the Chief Executive Officer with effect from July 1. Prior to joining the company, Cmde (Retd) M. Jitendran was the Chair...
|
11-Jul-2010, Cassens Werft orphan finds a home
|
The boxship from Cassens Werft the 724-teu Paritas H (built 2010) has been sold to Empresa de Navegacao Madeirense (ENM) of Portugal. A report in Tradewinds said the price is put at around $9.75m, whi...
|
10-Jul-2010, Hyundai Heavy wins suit to buy refiner
|
A Korean court ruling July 9 paved the way for Hyundai Heavy Industries to buy back a controlling stake in a local refiner from the Abu Dhabi-based International Petroleum Investment Co. IPIC has been...
|
09-Jul-2010, Japanese banks circle the wagons
|
Marine-net reported that "Japanese financial institutions are apt to shun financing fellow shipowners' newbuilding projects for overseas charterers." Japanese shipowners are largely handling newbuildi...
|
09-Jul-2010, Golden Ocean, Pipavav Shipyard end arbitration proceedings
|
Golden Ocean Group Ltd (GOGL), withdrew a legal arbitration against Pipavav regarding a $213m (approximately Rs 980 crore) contract. The contract accounts for nearly 24% of Pipavav's current order boo...
|
08-Jul-2010, Sekwang Heavy next into bank control
|
Sekwang Heavy Industries (formerly known as INP Heavy Industries) will file corporate restructuring under bank supervision after completing a June 2010 credit appraisal conducted by financial institut...
|
08-Jul-2010, Tsakos Energy Navigation takes last of eight DNV aframaxes
|
Tsakos Energy Navigation Limited 8 July 2010 announced the delivery and charter of the 105,000 dwt DNA-aframax tanker Uraga Princess from Sumitomo Heavy Industries in Japan, the final newbuilding in a...
|
07-Jul-2010, Maersk Tankers, HHI & DNV joint CO2 ship design
|
Maersk Tankers, Hyundai Heavy Industries (HHI) and Det Norske Veritas (DNV) have agreed to collaborate on the design and risk assessment of tankers for shipping CO2. Maersk Tankers is already in a par...
|
06-Jul-2010, IHIMU to construct 10 bulker NBs in Kure
|
Marine-net reported that “IHI Marine United Inc. (IHIMU) will construct 10 56,000-dwt bulk carriers at its mainstay Kure Shipyard, which has so far largely built large-size ships. This is in response ...
|
06-Jul-2010, Vietnamese government to dismember ailing Vinashin
|
The Vietnamese government has decided to split the financially-troubled state-run Vietnam Shipbuilding Industry Corp. (Vinashin). The shipbuilder is targeted under a presidential order and its own lea...
|
06-Jul-2010, Taizhou Kouan launches TK0105
|
On 30 June, Taizhou Kouan Shipyard launched TK0105--the 57,000 dwt bulker and named it "A S Vincentia." This is the fifth of eight 57,000 dwt bulkers the yard builds for the owner. ...
|