Shipping News

Dry Cargo Vessel for Beaufort Shipping LtdOct 31, 2007

On October, 30 the Volgograd shipyard (MNP Group) launched a dry cargo vessel of a 006RSD05 project built for Beaufort Shipping Ltd (Malta). According to the press-service of MNP, the contract on building the vessel was signed in August 2006. This ship is to transport general, break bulk cargo, timber and logs, bulky cargo and containers. Technical ...

Dubai Drydocks to Purchase Labroy MarineOct 31, 2007

Dubai Drydocks is going to purchase shipbuilding company Labroy Marine (Singapore), reports RBC-Ukraine. It is expected that the sum of the deal will total $1.6 bn. It should be pointed out that in July of the current year Dubai Drydocks World bought a 84% share in Pan United Marine (PUM, also in Singapore) for $428 mn. Source: Seanews

Kherson Yard Built Vessel for Norwegian Company Oct 31, 2007

Kherson Shipyard, JSC delivered the vessel named "ASSO VENTINOVE" to Myklebust Prosjekt AS, reports Ukraine Industrial. The cost of the order - $5 mn. The length of the vessel which will serve drilling rigs is 70 m, the breadth - 17 m, the hull height - 7.5 m. Source: Seanews

SINOTRANS GROUP TO FLOAT DRY BULK CARGO BUSINESS IN HONG KONGOct 30, 2007

China Foreign Trade Transportation (Group) Corporation (SINOTRANS Group) plans to list its dry bulk cargo business in Hong Kong, according to the Hong Kong Stock Exchange. As the parent company of SINOTRANS Limited (SEHK: 0598), SINOTRANS Group is expected to collect as much as US$800 million, with UBS and BOC International as sponsors. Not only dry ...

Dubai's DP World to invest $500 mn in IndiaOct 30, 2007

Dubai's DP World plans to invest $500 million in India over the next two years to development infrastructure at its port operations in the South Asian country, including rail links and roads. "DP World has to date invested $1.5 billion in developing container terminal infrastructure in India. And over the next few years, this investment is likely to reac...

Maersk to build container depot in BangladeshOct 30, 2007

DHAKA: Shipping company Maersk is to build an inland container depot in Bangladesh to ease worsening congestion at the country’s main port of Chittagong, an official said yesterday. Maersk Bangladesh, a subsidiary of the Danish shipping giant, will construct the 25-acre (10-hectare) container depot at a cost of $20mn next year, company deputy general manag...

Polish shipyard workers rally to protect endangered historic yardOct 30, 2007

About 200 workers at Poland's historic Gdansk shipyard demonstrated Monday to demand the quick privatization of their struggling workplace, with some burning tires and setting off firecrackers in front of management offices. Workers dressed in blue overalls and yellow plastic helmets held banners reading "We want a modern yard and a European level of wage...

Diana Shipping Signs Time Charter Contract With C Transport PanamaxOct 29, 2007

Diana Shipping Inc. (DSX) said that it has agreed to a time charter deal for a 2004-built Panamax drybulk carrier at a rate of US$80,300 per day. The deal with Monaco-based C Transport Panamax Ltd. is scheduled to begin in January, 2008 and has a term of 12 to 14 months. The company said it expects the charter to generate minimum gross revenue of US$28....

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