Month: November 2009

Amid the severe ship ordering downturn state-run Bank of China has started to lend to foreign owners with orders in China for the first time. The bank has extended a $149m credit…

The South Korean shipbuilder SPP Shipbuilding has been awarded newbuild orders for two 81,000 DWT and four 59,000 DWT bulk carriers from three European shipowners at a total cost of $210 million.The…

Samsung Heavy Industries' vice-president Park Jung-heum said at a recent strategy seminar, "We will secure a cruiseship newbuilding order within next three years and deliver it around 2015. We will make inroads…

The optimum speed for container ships is much lower than the current 25 or 26 knots achieved by the big vessels according to Germanischer Lloyd's head Hermann Klein. Dr Klein suggests that,…

The Russian shipping group Sovcomflot OJSC plans to order two Suezmax-type tankers at United Shipbuilding Corporation OJSC for TNK-BP petroleum products shipping. It is planned to build marine and river vessels for…

The Industrial and Commercial Bank of China (ICBC), the world's biggest bank by market value and deposits, has taken delivery of the first two ships in a 14-ship order that are part…

Japanese export ship orders declined for the 13th consecutive month in October on a year-on-year basis, tumbling 37.3% to 358,300 gt, according to figures released by the Japan Ship Exporters' Association.But the…

Norwegian shipowner I.M. Skaugen Group (IMSK) named the first ship in its new series of Multigas carriers in a ceremony at the Skaugen joint venture company with Shenghui Gas & Chemical Systems'…

Offshore Patrol Vessels (OPVs) being built by the UK shipbuilder BAE Systems for the government of Trinidad and Tobago will this week take a step closer to completion. Employees at the Portsmouth…