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Shipping Index
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GEMC finalises targets

New Taiwanese tanker venture aims to capture six VLCCs and a products carrier for $700m.
07:54 GMT, 02 Sep 2010
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Stig Remoy pens Kleven pair

Olympic Shipping rocks up at Norwegian yard with double order potentially worth over $120m.

08:56 GMT, 02 Sep 2010
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Horizon yard lands $8.7m order

US shipyard victorious in heated battle for a bite of government newbuilding deal.

15:29 GMT, 02 Sep 2010
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Nanjing Tanker taps $750m war chest

Chinese tanker player on the fringe of inking $200m VLCC order as 'deep discounts' fuel fresh spending spree.

16:14 GMT, 01 Sep 2010
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Banks back Ridgebury's IPO

Ridgebury Tankers ups the ante as UBS and Wells Fargo join Jefferies and Bob Burke on $341m road to Wall Street.

22:35 GMT, 01 Sep 2010
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Yangzijiang prices IPO high

Ren Yuanlin-led shipbuilder eyes full $113m as receipts for proposed Taiwan listing go for top dollar.

07:53 GMT, 01 Sep 2010
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Severnaya surges back to profit

St Petersburg shipyard turns around first quarter losses with profitable second three-month period.

11:07 GMT, 01 Sep 2010
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Teekay Corp dropping down four

Teekay Corp ready to sell Petrobras chartered FPSO and shuttle tanker trio to a daughter company following fixtures fest.

08:14 GMT, 01 Sep 2010
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Hanjin looks for 5,000 workers

Korean group's Philippines shipyard needs a lot more manpower this year as orderbook grows.

09:40 GMT, 01 Sep 2010
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Saga Tankers ready to swoop

Arne Blystad-led tanker owner is looking to buy as soon as equity and S&P windows align.

12:02 GMT, 31 Aug 2010
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Vinashin appoints new chief

Nguyen Quoc Anh is the latest executive charged with reviving ailing shipbuilder Vinashin.

13:35 GMT, 01 Sep 2010
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Yangzijiang bags bulker boost

Singapore-listed shipbuilder talks up sizzling summer as two-month backlog binge nears $1bn.

16:46 GMT, 30 Aug 2010
Exclusive
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Jo pens tanker pair in China

New Times Shipbuilding grabs order for two long-range 1 chemical carriers from Jo Tankers.

12:52 GMT, 31 Aug 2010
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Wadan still troubling STX

Provisions following failure of Wadan Yards again send Europe’s largest shipbuilder to quarterly loss.

15:14 GMT, 31 Aug 2010
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Vinashin boss faces axe

Vietman’s prime minister reportedly asks shipbuilder’s CEO to stand down as two cut from board.

07:59 GMT, 30 Aug 2010
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Tan wins Drydocks clash

Former Labroy Marine boss comes up trumps in Singapore court battle with Dubai shipbuilder.

13:50 GMT, 31 Aug 2010
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‘Boxship buys on the way’

Goldenport to use most of $85m cash by year end as boxship values hit “interesting” levels, John Dragnis says.

09:38 GMT, 31 Aug 2010
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STX’s Daehan bid 'fails'

Korean yard giant’s offer for struggling compatriot yard knocked back by KDB, report claims.

08:52 GMT, 30 Aug 2010
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Aurelius secures Dreamboat deal

Munich investment group buys majority stake in deal that secures future of Deutschland.

14:10 GMT, 30 Aug 2010

Vafias: Don’t order tankers

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Brightoil confirms big VLCC deal

Chinese petroleum group presses ahead with $537m South Korean tanker order.

12:41 GMT, 30 Aug 2010
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Shin Yang posts profit

Newly-listed diversified shipowner in black for the year, reports COA and newbuilding deals.

12:41 GMT, 30 Aug 2010
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Pertamina to spend $600m

Indonesian owner eyeing 18-ship tanker splurge as it readies massive war chest, report claims.

09:23 GMT, 30 Aug 2010
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Saudi JV eyes bulkers

Panamaxes on the menu for new joint venture firmed up between NSCSA and Arasco.

08:20 GMT, 30 Aug 2010
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STX snares another Island deal

Europe’s largest shipbuilder wins $140m PSV order from long-standing customer Island Offshore.

13:06 GMT, 27 Aug 2010
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Blount in Casco Bay replay

US yard set to pocket $3.5m as Casco Bay Lines splashes federal funds to bankroll ferry newbuilding.

17:53 GMT, 27 Aug 2010
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Conrad seals LPG barge deals

Shares in OTC-listed shipbuilder soar 10% as backlog breaks $70m.

16:46 GMT, 27 Aug 2010
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SFI in $100m supramax splurge

John Fredriksen-connected company lines up long-term charters for new units and reveals drop in profit.

13:29 GMT, 26 Aug 2010
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Seanergy swelling fleet with buys

Victor Restis-connected bulker owner paying $62m in cash and shares to take full control of two companies.

14:17 GMT, 27 Aug 2010
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Daewoo confirms gas deal

Korean shipyard to pocket $320m for eight ethylene carriers ordered by new Singapore investment vehicle.

07:37 GMT, 27 Aug 2010
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Guangzhou adds yard space

Chinese builder in $13m rental of plot in Jiangsu to solve order bottleneck and attract larger tanker orders.

10:59 GMT, 27 Aug 2010
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Fosen faces job cut call

Delayed Boa Offshore newbuildings could result in redundancies at Bergen Group Fosen this September.

11:26 GMT, 26 Aug 2010
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Yangzijiang eyes $143m Taiwan IPO

Ren Yuanlin-led shipbuilder said to be pricing 240 million Taipei share sale at up to $0.59 each.

08:06 GMT, 26 Aug 2010
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Up and down for Guangzhou

Hong Kong-listed shipbuilder posts higher profit despite drop in sales as orders remain weak.

14:58 GMT, 26 Aug 2010
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NOL in $200m notes issue

Singapore-listed boxship owner to use proceeds from notes sale to part-finance 12-ship Daewoo order.

14:30 GMT, 26 Aug 2010
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Flex: ‘Samsung 4 safe, for now’

Oslo-listed LNG vessel owner says Korean yard not about to axe high-price newbuilding quartet.

08:57 GMT, 26 Aug 2010
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DSME bags $300m offshore order

South Korean yard reveals pipe-lay vessel contract as it plots wind energy push.

09:10 GMT, 25 Aug 2010
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Yangzijiang in hunt for yards

Ren Yuanlin-led shipbuilder “in active negotiations” over yard acquisitions as values take a dive.

07:33 GMT, 25 Aug 2010
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