Samsung Wins Containership Job
Samsung Heavy Industries Co. reportedly won a $240 million order from Germany's Hamburg Sud to build six 3,400-TEU containerships.
Hyundai To Get $400M Order
Hyundai Heavy Industries is reportedly close to signing a $400 million order with a Nigerian company for two 138,000 cu.-m. LNG carriers.
Tanker Scrapping Increase Needed
According to a report from Norway's Bassoe Shipbrokers, large scale tanker scrapping in the immediate future is the only solution to cure an ailing freight market.
Korean Ship Orders Drop 34%
New orders received by South Korean shipbuilders dropped 34.1 percent in the first seven months of this year versus the same period last year, provisional figures from the Korea Shipbuilders' Assoc.
BHP Acquires Belgium Shipping Group
Australia's Broken Hill Pty Co. Ltd. reportedly acquired a 50 percent stake in Belgium-based shipping group, Cobelfret, in a bid to deliver cargoes more competitively.
Oil Jumps, Fueled By U.S., Russian News
Oil prices raced higher yet again on Wednesday, prompted by a report for the U.S. DOE which notes a fall in U.S. gasoline stockpiles and by news from Russia that…
Mobil Offers Bunker Facilities In Djibouti
Ship operators trading to the Red Sea now have a secure bunker port offering both heavy fuel and high quality diesel oil. Mobil International Marine Fuels can now…
