Mitsubishi may win LNG carrier

Japanese shipowner NYK is said to be in talks with compatriot shipbuilder Mitsubishi Heavy Industries to build up to four LNG carriers.
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Source: Asiasis

Posted on 12/03/2010 / 0 comments / Read More

STX in talks for gas carriers

Rotterdam-based Unigas gas-carrier pool is said to be close to ordering up to six ethylene carriers of 6,500-cbm class at Korea's STX Offshore & Shipbuilding.
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Source: Asiasis

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IHI Shipbuilding Unit Fills Out Green Lineup

IHI Marine United Inc. has developed a tanker and bulk carrier that emit 30% less carbon dioxide than its existing offerings, rounding out its eco-ship series.
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Source: Nikkei

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Container-Traffic Growth Looks Healthy Over the Next Five Years

During the recession, consumers around the world tightened their belts, causing world exports to nosedive and container traffic to plummet.
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Source: Apparal News

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Baltic index rises, China ore buying supports

The Baltic Exchange's main sea freight index .BADI, which tracks rates to ship dry commodities, rose for a second session on Friday as Chinese iron ore buying boosted sentiment on the larger capesize vessels.
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Source: Reuters

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Feature: Crew claims under stress

There were no doubt sighs of relief from employers last month when a legal decision meant a seafarer could not claim compensation for a disability allegedly brought on by abusive treatment at the hands of senior officers.
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Source: Bimco

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Ship prices remain firm despite freight rates retreating

Ship values remain on firm levels according to shipbrokers reports this week, despite the subdued mode of the freight market. Still, this pattern isn’t uncommon to market analysts and delegates, as they state that it’s common for freight rates and vessels’ prices not to follow the same sequence. In this spirit, sales particularly in the bulk sector remained on high volume levels with a mix between old and modern tonnage overall.
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Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide

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Danish Bulk Shipping Group Plan For The Future

DENMARK – SOUTH AMERICA – CANADA – ASIA - International bulk freight and tanker operator Norden A/S has contracted two Handysize new build vessels which, following delivery from the shipyard, will be chartered out to Rio Tinto, one of the biggest dry bulk charterers in the world. The agreement is long term and is expected to result in accumulated earnings before interest, taxes, depreciation, and amortization of approximately $60-70 million for the entire contract period.

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Source: Handy Shipping Guide

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Hyundai Heavy wins 130 bln won order from British firm

Hyundai Heavy Industries Co., South Korea's leading shipbuilder, said Thursday that it has clinched a 130 billion won (US$113.3 million) deal from a British power firm to provide transformers.

Under the deal with National Grid, Hyundai Heavy Industries will provide the 400-kilovolt transformers between 2012 and 2016, the South Korean company said in a statement.

The deal has raised the shipbuilder's annual new orders of transformers to an all-time high of 1.4 trillion won, which is up 30 percent from last year, the shipbuilder said.

Hyundai Heavy Industries is scheduled to sign another deal with the U.S. unit of National Grid to supply about 40 high-voltage transformers, it added.

New orders of transformers in overseas markets such as Europe and the Middle East have been on the increase every year, said Hyundai Heavy Industries.

Hyundai Heavy Industries also expects that it could become the world's third-largest transformer maker if its plant in Alabama, the U.S., is completed in 2012.

The shipbuilder entered into the transformer market for the first time in 1978 and has exported transformers to 70 countries.

Source: Press Release

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