Ship Orders
Japanese Foreign Ship Orders Increase
Japanese shipyards received in October foreign orders for 44 vessels totaling 1,583,880 gt, the Japan Ship Exporters' Association reported. The tonnage jumped 728.4 percent compared to orders received a year earlier, a spokesperson said. Thirty-five orders were for bulk carriers, seven for freighters and two for oil tankers. The statistics cover orders received by association members for steel vessels of 500 gt or more. In September, foreign ship orders rose 175 percent year on year.
Daewoo Gets Container Ship Order
Daewoo Shipbuilding and Marine Engineering Co. said on won a $592.3m container ship order from an Asian shipper. The vessel will be delivered to the company by the end of July 2011, Daewoo said in a filing with the Korea Exchange. Source: Reuters
Daewoo Wins Ship Orders
Beleagured Daewoo Heavy Industries won $230 million in ship orders from Companies in Hong Kong and Europe. Daewoo reported earned an order to build a bulk carrier from Hong Kong's Tai Chong Cheang Co. Ltd. and two bulk carriers from Oak Maritime Inc. Norway's Bergesen d.y. Group ASA is reported to have given Daewoo an order for one mineral carrier and Belgium's Bocimar N.V. an order for two bulk carriers. The orders tallied at $120 million
STX Shipbuilding Gets $266.7M Ship Order
South Korea's STX Shipbuilding Co. (067250.SE) said Wednesday that it received a $266.7M order to build six petrochemical product carriers. An STX spokesman said the South Korean shipbuilder won the order from a Hong Kong-based company, but declined to identify the company. STX will deliver the tankers - which will have the capacity to load 51,000 tons of petrochemical products - by Sept. 2009, the company said.
GE Shipping Orders New Tankers
Great Eastern Shipping Company (GE Shipping) has ordered two new building Long Range One (LR1) product tankers from STX Shipbuilding Company, Korea. The vessels, of around 74,500 dwt each, are due for delivery during Q3 FY 2008-09. With this order, the company`s new building orderbook stands at 9 tankers (4 LR1 product tankers and 5 MR product tankers) with an aggregate dwt of 0.52 Mn and 5 OSVs (4 AHTSVs and 1 PSV). Source: IRIS
S.Korea STX Sees Orders Resuming in 2nd Half
According to a Feb. 26 report from Reuters, South Korea's STX Group, which runs the world's No. 4 shipbuilder and No. 5 dry bulk carrier, said new ship orders could resume in the second half when financing difficulties ease. Its shipmaking arm, STX Shipbuilding, is aiming to boost new orders for offshore vessels and plants by 80 percent this year to $1.8b, Vice Chairman Lee Jong-chul told reporters. (Source: Reuters)
Kone Wins Cruise Ship Order
Kone received an order from Celebrity Cruises to design, supply and install lifts for three passenger cruise ships. Kone is to supply a total of 69 units including passenger elevators, service elevators and dumbwaiters. The ships will be built at Germany’s Meyer Werft. The first ship is expected to be ready by October 2008, and the last by June 2010. (Source: http://newsroom.finland.fi)
Cruise Ship Orders Could Outstrip Demand
Cruise ship berth supply will reportedly exceed demand growth if new orders continue at their current level, according to shipping analysts.
Hyundai Heavy Wins $1.36b Container Ship Order
Heavy Industries Co, has secured an order worth $1.36b from an unnamed European shipowner to build eight container ships. The company said in a regulatory filing that it plans to deliver the vessels by April 2012. The contract value is equivalent to 10.2 percent of total revenue it earned in 2006. Source: Reuters
Tanker Orders Will Not Be Cancelled
According to a report from Emirates Business 24/7, existing new-build programs in the tanker sector of the shipping industry are expected to go ahead with no fear of cancellations despite the current slowdown in the industry's performance, said a senior executive. While ship orders in other sectors have suffered from unprecedented cancellations due to financial constraints, the relatively stronger position of the tanker sector has helped to prevent a similar trend.
Construction Commences on Innovative LNG Carrier
Mitsubishi Heavy Industries, Ltd. (MHI) recently commenced construction of the first ship in its “Sayaendo” Series, which it has developed as a new-generation liquefied natural gas (LNG) carrier, at the company’s Nagasaki Shipyard & Machinery Works
Construction Update: Mein Schiff 3 and Mein Schiff 4
TUI Cruises President and CEO Richard Vogel is in Finland this week reviewing the status of the construction of the company’s two ship orders, Mein Schiff 3 and Mein Schiff 4, and provided an update. Mr. Vogel noted that construction on Mein Schiff 3 at STX Finland is now 25% complete
Finland Finances Two TUI ships
Arrangements have been made to ensure that the Turku shipyards of STX Finland will be able to deliver two ships ordered by the German TUI cruise line, Finland’s Ministry of Employment and the Economy said on Friday. The two cruise liners are slated for a 2014-2015 completion date.
Viking Goes Blue Water
Viking Cruises launch Viking Ocean Cruises, the first new cruise line in nearly a decade. Developed from the ground up to return the focus of cruising to the destination, Viking Ocean Cruises will begin sailing in May 2015 with its first vessel—Viking Star—embarking on maiden voyages
China Shipbuilder Seeks Bankruptcy Protection
Zhejiang Jingang Shipbuilding Co, the largest private shipbuilder in Taizhou, East China's Zhejiang Province, has filed for bankruptcy "The company filed for bankruptcy in mid-June as it is unable to meet its debt obligations of over 300 million yuan ($47
Japan Shipbuilding Orders Drop
Japanese export ship orders fell 8.5 percent in June from a year earlier, reveal figures by the Japan Ship Exporters’ Association (JSEA). Japanese export ship orders fell 8.5 percent in June from a year earlier to 499,370 gross tons, according to figures released by the Japan Ship
Shipbuilders 'Get on Your Marks' as Cruise Line Ponders New Order
Royal Caribbean chairman hints that new ship order is possible. During the Royal Caribbean second quarter 2012 financial results conference call, Royal Caribbean chairman hinted at the possibility that Royal Caribbean could order a new ship for either Royal Caribbean or its sister company
MHI Shipbuilding Orders Up in Past Quarter
MHI announces outline of FY 2012 first 3-month financial results ended June 30, 2012 (consolidated). Highlights from the financial report follow: Orders received ⇒ Down ¥128.9 billion: Year on Year (YOY) (¥621.3 bn → ¥492.4 bn)
Knud E. Hansen A/S Behind New CONRO Design
Danish Naval Architecture Firm KNUD E. HANSEN A/S behind the coordination for Basic Design of new Roll-on Roll-off/Containerships for Hudong-Zhonghua. On the 10th of August 2012, the Atlantic Container Line (ACL) announced their contract with the Hudong-Zhonghua Shipbuilding (group) Co
Major Chinese Shipbuilder Sees Profits Nose-dive
China Rongsheng profit dives as new ship orders dry up. China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, posted its sharpest fall in half-year profit - down 82 percent - on a dearth of new orders, putting further pressure on its stretched balance sheet reports
Offshore 'Fail-Safe' PSV Design by Ulstein Under Construction
Ulstein Group joined forces with GC Rieber Shipping to provide a ship that refuses to accept failure, thanks to pioneering ‘operation+’ philosophy. GC Rieber Shipping, the Norway-based harsh environment shipping specialist
Japan Ship Operator to Slash Bulk Ship Newbuild Orders
Daiichi Chuo K.K. may cancel ship orders, pare its fleet & sell new stock after getting emergency financing from shareholder Mitsui O.S.K. Lines Ltd. To help weather a slump in dry-bulk rates the company is in talks about canceling or delaying 10 of 60 on-order dry-bulk vessels as it heads
Purchase Offers for Peene Shipyard Expected
New agreement reached with Berthold Brinkmann, the insolvency administrator of P+S WERFTEN, German Shipbuilders. The new agreement means hat both coast guard ships ordered from the Peene shipyard can now be completed, and delivery is planned for February and April 2013.
New Costa Cruise Ship: First Block Placed Down
Construction work begins in Fincantieri's Margher Shipyard on the cruise ship 'Costa Diadema'. Weighing in at 132,500 gross tonnage and with accommodation for a total of 4,947 guests, this will be the biggest Italian-flagged cruise ship afloat
MHI Begins Construction of Sayaendo Series
Construction begins of First "Sayaendo" New-generation LNG CarrierAt Nagasaki Shipyard & Machinery Works For Osaka Gas and Mitsui O.S.K. Lines. Mitsubishi Heavy Industries, Ltd. (MHI) began construction of the first ship in its "Sayaendo" Series