Month: October 2009

Headquartered in Germany, DVB Bank AG predicts that the next several years will be tough for shipbuilders across the world and only the fittest would survive. Geir Sjurseth, the managing director and…

South Korea's SLS Shipbuilding could suffer a further blow to its orderbook if Stolt-Nielsen decides to cancel its remaining two 44,000-dwt chemical tankers on order due to continued delays in construction of…

The Limassol-based Norwegian offshore supply company Deep Sea Supply Plc has awarded a contract to STX Europe for the design and building of a platform supply vessel. The new PSV 09 CD…

Taiwan's largest shipbuilder CSBC Corp said it would take a harder stance toward shipowners seeking to delay deliveries. CSBC was hard hit by newbuilding delivery delays in the first seven months this…

CMA CGM may soon need to pay a heavy price for the aggressive expansion program it has undertaken as it seeks to reduce its estimated $5.6Bn debt burden. The French company announced…

The South Korean shipbuilder has won an order for two 11,800 DWT trailing suction hopper dredger and one 6,500 DWT stone dumping vessel from two affiliates of Jan De Nul Group (JDN…

Norway's SeaMetric has cancelled the orders for two heavy transport vessels in China because construction of the vessels has suffered significant delays.SeaMetric has been building the two vessels at the China Petroleum…

Ethiopian Shipping Lines (ESL) is placing a newbuilding order at China's Taizhou Kouan Shipbuilding. Sources say the national shipping company has inked a letter of intent for a series of multipurpose (MPP)…

THE German government has approved, in principle, the loan guarantees of ?1.2Bn for Hapag Lloyd last week, a move that is required to ensure the continued viability of the German carrier. The…