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Ciner News

03 Aug 2016

Is Hanjin Shipping Going Into Court Receivership?

According to a latest report in Korea Times, South Korea's biggest container carrier Hanjin Shipping's efforts to settle the rescheduling deadlines for financing ships and reducing charter fees before the end of July has not yet be resolved. This situation is raising concerns over the possibility that the nation's top shipping line may go into court receivership. Or, Hanjin may get a month's extension from creditor banks of an August 4 deadline of a voluntary restructuring agreement, giving the shipping major more time to comply with conditions that will prevent it from seeking court receivership. As on Tuesday, Hanjin Shipping has failed to conclude negotiations with foreign ship owners and creditors in a bid to lower charter fees and prolong looming deadlines for financing its shipping.

10 Dec 2013

Wärtsilä X92 Engines the Choice for New 4 Turkish Container Ships

Contract signatures: Photo Wärtsilä

Wärtsilä say they are to supply their Wärtsilä X92 main engine for a series of four Post Panamax 9000 TEU container ships (with options for a fifth) to be built for the Ciner Group, based in Istanbul, Turkey. Each vessel will be powered by an 8-cylinder Wärtsilä X92 engine and will be built at Hanjin Heavy Industries & Construction (HHIC) shipyard's facilities in Subic Bay, the Philippines. The choice of the Wärtsilä X92 engine was based on its particularly high efficiency and environmental performance.

07 Nov 2013

Shipowners Think Big in Latest Newbuilding Orders

Ship's bow Image CCL

Ship owners trend towards larger ship sizes in the latest round of newbuilding orders reported in Clarkson Hellas S&P Weekly Bulletin. Oldendorff Carriers has contracted for four firm plus up to four option 208,000 dwt Newcastlemax from Taizhou CATIC. The first two vessels are due for delivery in 2015 with the remaining firm vessels and options lined up for delivery in 2016. Also in China, SWS are understood to have taken an order for four firm 208,000 dwt Kamsarmax from Clients of Cardiff Marine. Similarly delivery of the firm vessels is split between 2015 and 2016.

17 Jun 2011

Next Generation BWT Technology Secures Six Ships

Ciner Shipping Industry & Trading, a subsidiary within Ciner Group, one of Turkey’s growing commerce, industry and service conglomerates, has secured OceanSaver MARK II systems for two suezmax tankers at China’s Bohai Shipbuilding Heavy Industry and four bulk carriers at SPP Shipyard in Korea. Twelve weeks ago OceanSaver informed the market about the launch of its next generation BWT Mark II system and goals to introduce better performing filtration technology, reduce installation cost and complexity for retrofit and newbuilding projects. “The industry has responded very favourably to MARK II and OceanSaver’s high-end technology for critical ballast water treatment applications.