Marintime Global Report
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Double Win for Cosco
Shipyard group Cosco Corp (Singapore) hasadded two more orders to its backlog in China. The company said its Cosco Dalian yard haswon a contract to build a 30,000-dwt cargo and training vessel for delivery inthe third quarter of 2015. This deal is worth ...
2013-10-17 06:33:29 -
Cnco Back For More
China Navigation Co (CNCo) has placed itssecond four-ship eco bulker order in the space of a week. The shipowning division of Swire Group haspenned a deal for a quartet of handysize vessels at Zhejiang OuhuaShipbuilding. The contract for Deltamarin’s ...
2013-10-17 06:27:25 -
MHI launches electro-assist hybrid turbocharger
Mitsubishi Heavy IndustriesMarine Machinery & Engine Company of Japan has announced that it isdeveloping an electro-assist MET hybrid turbocharger, intended to save around30% of electrical power compared to conventional auxiliary blowers. The electro-assist ...
2013-10-17 06:12:37 -
More Ulstein design PSVs for Brazil
Ulstein of Norway says thatBrazilian shipowning company Oceana Offshore is to build two PX105 design PSVsat its new yard in Itajai, Brazil. The two ships are scheduled for completionin April and May 2016, and the deal includes an option for two more sisterships. ...
2013-10-17 06:06:18 -
Germans sign €30 million LNG ship deal
Ferry operator AG Ems signed a contractOctober 15th with the Fassmer Shipyard for Germany’s first combined passengerand cargo ferry with LNG propulsion, reports Tom Todd. The nearly 80m long and 20 knot ship willserve with subsidiary Cassen Eils and ...
2013-10-17 06:02:30 -
Moscow Backs Nordic Takeover Of P+S Yard
The Moscow Government has given itsblessing to a bid by the Russian-owned Nordic Yards to take-over Volkswerft inStralsund, making an early sale of the insolvent P+S Werften facility now morelikely, reports Tom Todd. The support from Moscow was revealed ...
2013-10-02 20:45:52 -
MOL Enters FSRU Arena
Mitsui OSK Lines (MOL) has made abreakthrough into the LNG floating storage and regasification (FSRU) arenaafter bagging a deal for a new import project in Uruguay. GDF Suez has been awarded a contract todevelop the country’s first regasification terminal ...
2013-10-02 20:34:47 -
Hope on the horizon
Today, researchers from the dry-bulk desk of UK brokerage ICAP Shipping told clients there is a chance the tides could turn despite the chronic glut in global fleet capacity.In a briefing about the grain trades the analysts acknowledged that US grain, ...
2013-08-23 19:42:42 -
TGP Seals Fresh $40m
Teekay LNG Partners has raised $40m to go towards two recently ordered LNG carrier newbuildings.TGP’s general partner, Teekay GP LLC., said it has issued about 930,000 common shares in a private placement to an institutional investor.The proceeds will ...
2013-07-31 08:27:53 -
Cosco To Lose Less
Under-pressure owner China Cosco Holdings Co (CCHC) is forecasting a big drop in its first-half loss as it fights to make an annual profit.The giant state-owned company told the Shanghai stock exchange it expects its net deficit to narrow by between 70% ...
2013-07-31 08:09:50