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Yangzijiang to Build Huge Ore Carriers for Australia
Chinese shipbuilder on the SGX Main Board Yangzijiang Shipbuilding Holdings Limited announced that it has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC). The shipbuilding contract was secured from an Australia based ore company listed on the Australian Securities Exchange and the contract is the first of its kind in Yangzijiang’s orderbook. Yangzijiang’s ability to break into Australia…
Euroseas Orders Two Drybulk Newbuilds
Euroseas signs new building agreements for the acquisition of two fuel efficient kamsarmax drybulk carriers and announces new acquisition for its joint venture Euromar.
Yangzijiang Shipbuilding Eyes Mega Container Ships
Reuters - Yangzijiang Shipbuilding Holdings Ltd, a top Chinese shipbuilder, plans to build more mega container ships for shipowners eager to cut operating costs. Yangzijiang is China's third-largest listed shipbuilder by market capitalisation and has boasted profit margins that dwarf those of domestic and overseas peers. Yangzijiang is ready to hand over its first mega container ship in March, which can move around 10…
China Shipyard, Yangzijiang, Report Profit Dip in Q4 2013
Reuters – Yangzijiang Shipbuilding Holding Ltd said its fourth-quarter net profit dropped 8 percent on the year, as income from shipbuilding decreased. Privately…
Scorpio Bulkers Confirm Further Dry Bulkship Newbuildings
Scorpio Bulkers Inc. Shanghai Waigaoqiao Shipbuilding Co. Shanghai Waigaoqiao Shipbuilding Co. Jiangsu Yangzijiang Shipbuilding Co. Jiangsu Yangzijiang Shipbuilding Co. Jiangsu Yangzijiang Shipbuilding Co. Jiangsu Yangzijiang Shipbuilding Co. Mitsui Engineering & Shipbuilding Co. Mitsui Engineering & Shipbuilding Co. The total purchase price for the vessels is approximately $242 million. Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc.
Latest Robert Allan Designed Barges in Canadian Arctic
Four Robert Allan designed shallow draft, double hull, combined bulk oil & deck barges, built in China for ITB North Limited, are now in service delivering bulk fuel oil and deck cargoes to various locations in the Far North less than 11 months after the original design contract was placed. When ITB Marine Group decided to expand their operations to the Mackenzie River, they chose to work once again with Robert Allan Ltd. to design their new shallow draft double hull oil barges.
China Shipbuilder Hit by Forex Losses on Contracts
Yangzijiang Shipbuilding Holdings Ltd. China’s second-biggest private shipyard, posted a 7.6 percent decline in second-quarter profit because of higher tax and foreign…
Yangzijiang Shipbuilding 1Q13 Net Profit Down 30%
Yangzijiang Shipbuilding (YZJ) reported a 22% YoY fall in revenue to RMB2.9b and a 30% drop in net profit to RMB717.2m in 1Q13, accounting for 24% and 26% of our full year estimates…
Chinese Shipyard Inks Creon Jack-up Rig Order
Jiangsu Yangzijiang Offshore Engineering Co. Ltd. signs contract for the rig with Creon associate company Explorer 1. The directors of Creon the resources infrastructure investment company…
GL Completes EEDI Certification
Germanischer Lloyd (GL) presented Carisbrooke Shipping with energy efficiency design index (EEDI) certificates for four low emission dry cargo vessels. Built by Chinese shipyard Jiangsu Yangzijiang Shipbuilding, the four 8500 DWT sister vessels, the Vectis Eagle, Falcon, Harrier and Osprey incorporate a number of innovative features, including the distinctive Groot Cross-Bow(r). The four vessels, which have been built to Finnish Swedish Iceclass 1A…
China Shipyard Wins Four Bulkship Orders
Jiangsu New Yangzijiang Shipbuilding has been contracted to build four 82,000 dwt bulk carrier orders for Hong Kong owner Everbright Metal. Each ship will have a…
Major China Shipyard to Reduce Capacity, Relocate
China’s Yangzijiang Shipbuilding is shifting its operations in Jiangyin to a new site in Jingjiang of Jiangsu Province Jiangyin municipal government will pay RMB720m (USD$113.39-million) to Yangzijiang Shipbuilding as compensation for the relocation according to an agreement signed by the two sides earlier. Yangzijiang said it would reduce some capacity in the new site and stop production at its current yard by September 30 and finish the relocation by March 31, 2013.
Chinese Shipyard Terminates Greek Contract
The cancelled contract was for Yangzijiang to build two bulk carriers for FreeSeas, an external spokeswoman for the Chinese shipbuilder told Reuters. Although the…
Yangzijiang to Benefit From Ship Orders: Merrill Lynch
Bank of America-Merrill Lynch said that it sees Yangzijiang Shipbuilding Ltd. benefiting from potential orders after a revival of interest from container shipping firms in larger vessels.
Shipbuilding in China – Yangzijiang to Benefit from Orders
Bank of America-Merrill Lynch, as reported by Reuters America Latina news, said it sees China-based Yangzijiang Shipbuilding Ltd benefiting from potential orders…
Carisbrooke Shipping Chooses Thordon Bearings
Eco-conscious Carisbrooke opts for seawater lubricated propeller shaft bearings on latest newbuildings. The Vectis Eagle, an 8500 dwt multi-purpose dry cargo vessel, is Carisbrooke Shipping’s latest newbuild and first of their fleet to be fitted with Thordon COMPAC seawater lubricated propeller shaft bearings. The Finnish/Swedish 1A Ice-Class vessel launched in September 2011 and is currently carrying out its maiden voyage through the Panama Canal travelling from China to Haiti and Brazil.
Chinese Yard Launches SUPER GREEN 8500 for Carisbrooke
On Monday September 26, the Chinese shipyard Jiangsu Yangzijiang Shipbuilding Ltd. will launch Yno YZJ2010-931, the first vessel of the ‘SUPER GREEN 8500’ type for Carisbrooke Shipping. With this vessel the yard is the first Chinese shipyard launching a vessel with a Groot Cross-Bow®. Despite the economical difficult times more vessels with a Groot Cross-Bow® are under construction at the moment. The Dutch naval architect…
RINA celebrates ties with China
International certification, verification and ship classification company RINA is celebrating its ties with China on its 150th anniversary. It also took the opportunity to celebrate the ties between Italy and China on the 150th anniversary of Italian Unification. Formed in Genoa, Italy, in 1861 as a ship classification society, RINA is today a global multi-disciplinary and multi-cultural company with growing business in China and the surrounding region.
Containership Orders Increase
Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed. Figures show that since the beginning of this year 52 containerships of 10…
MAN Reports Breakthrough in China
The new super long-stroke MAN B&W S90ME-C9 engine to be built in China Seaspan Corporation has placed an order for 7 + 18 newbuildings of 10,000 teu container ships…