Asia-Pacific
Last Updated on Friday, 21 December 2012 17:56 Written by Justin Merrigan (Asia-Pacific Correspondent)
Cosco Dalian, the tanker specialist of Cosco Group, has ordered three 308,000 dwt very large crude carriers at Guangzhou Shipyard International (GSI) with options for two more, realising a long-expected deal, albeit on a reduced scale.
Last Updated on Tuesday, 20 November 2012 21:13 Written by Justin Merrigan (Asia-Pacific Correspondent)
The Marina Bay Cruise Centre Singapore was opened on 22nd October.
Operated by a joint venture between Singapore Airport Terminal Services and Europe’s Creuers del Port de Barcelona, the terminal can dock ships up to 220,000 tonnes and measuring a maximum 360 metres.
Last Updated on Tuesday, 20 November 2012 21:09 Written by Justin Merrigan (Asia-Pacific Correspondent)
A Chinese reefer caught fire on the night of 20th October and was luckily spotted by Taiwanese authorities, who alerted the Japanese Coast Guard.
Last Updated on Tuesday, 20 November 2012 21:06 Written by Justin Merrigan (Asia-Pacific Correspondent)
Taiwan Shipowner Today Makes Tomorrow Group (TMT) has defaulted on payments for 12 bulk cargo ships with a total contract value of $650 million ordered from South Korea’s Hyundai Group, as an industry downturn takes its toll.
Last Updated on Monday, 22 October 2012 12:43 Written by Justin Merrigan (Asia-Pacific Correspondent)
The outlook for China’s shipyards continues to look pretty bleak with new orders taken by Chinese yards plummeting 50.7% to 11.6m dwt between January-July, of which 8.5m dwt was export orders, a 53.3% fall compared with the same period last year.
The China Association of the National Shipbuilding Industry revealed that the current order-book volume stood at 123.5m dwt, down 30% from the same period last year and 17.6% less compared to the end of last year. China exported commercial vessels worth Yuan163.4bn ($25.7bn) in the January-July period, down 10.2%.
Shipbuilding profitability also suffered a rout, with Yuan1.77m profit recorded in the first half of this year, 24% less than last year’s level. Rongsheng Heavy Industry saw its profit slashed 82% and Yangzijiang Shipbuilding saw its profits fall 9%.
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Last Updated on Monday, 22 October 2012 12:39 Written by Justin Merrigan (Asia-Pacific Correspondent)
Chinese ports mostly reported declines or slower growth in cargo throughput and box volumes. While several typhoons affected China’s coastal sea traffic in August, the dismal results nonetheless reflected worsening economic conditions at home and abroad.
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Sea Breezes is offering one lucky reader the chance of winning four Sea Breezes Publications books - Blue Funnels in the Mersey & Blue Funnel the Later Years, Bridge to Engine Room and Verse Things Happen at Sea - to a lucky reader who can correctly guess the identity of the vessel shown in the print edition.
Only in Sea Breezes July Issue
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