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LCS to choose for the fiscal year 2010 to

  • Navy to cancel current LCS seaframe construction solicitation

    Read at LCS down select set for FY 2010

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    • Poland opens tender for the construction of the Baltic LNG terminal
    •      Poland Thursday announced a tender to select a company to build a liquified natural gas terminal in the Baltic Sea. State-owned Polskie LNG and Gaz System, which will operate the terminal, plan to select a contractor by mid-2010. Bids are due by the end of 2009. The terminal, slated for completion

    • Seven ports nominated for the award ESPO
    •     The international jury that has to select the winner of the first ESPO Award on Societal Integration of Ports met this morning in Brussels. Read at Seven ports nominated for ESPO Award

    • More Weather Chaos UK
    •      Another wave of snow and ice across the UK has caused traffic jams, forcing people to spend the night in their cars and prompting airports to cancel flights. The south east and London have been worst affected, with passengers on feeder flights from elsewhere in the country advised that while

    • India: shipping companies in waves to stay for a year
    •     Shipping Corporation of India (SCI), Great Eastern Shipping and other lines will remain in troubled waters for at least another year as global trade slumps with consumers in developed markets cutting down on spending due to job losses and a surge in number of ships sailing in global waters, industry

    • Gold Port Holdings raises dry bulk orders
    •     Goldenport Holdings Inc. the international shipping company that owns and operates a fleet of containers and dry-bulk vessels, announces that as of today it has agreed with Qingshan Shipyard of China to cancel the two new-build bulk carrier contracts initially arranged in August 2008

    • Gold Port Holdings raises dry bulk orders
    •     Goldenport Holdings Inc. the international shipping company that owns and operates a fleet of containers and dry-bulk vessels, announces that as of today it has agreed with Qingshan Shipyard of China to cancel the two new-build bulk carrier contracts initially arranged in August 2008.

    • Pipavav Shipyard IPO fully subscribed in the first hour
    •     The initial public offer (IPO) of the private sector shipbuilder, Pipavav Shipyard, on Wednesday was fully subscribed in the very first hour of its first day of subscription. Pipavav Shipyard, which expects to raise as much as Rs513 crore through its public offer, received bids for 76,330,870 shares as against 70,177,275 shares

    • Pipavav Shipyard IPO fully subscribed in the first hour
    •     The initial public offer (IPO) of the private sector shipbuilder, Pipavav Shipyard, on Wednesday was fully subscribed in the very first hour of its first day of subscription. Pipavav Shipyard, which expects to raise as much as Rs513 crore through its public offer, received bids for 76,330,870 shares as against 70,177,275 shares

    • Brazil collection of the tax impact on the export of ore EU and China
    •     To increase the added-value of exported products, currently the Brazil government is researching to impose 5% tax on exported iron ore. The move will have an impact on the resource supply of big Brazil’s iron ore importers such as EU and China. During the 2007-2008 period, at the stage of

    • Maritime Union expanded offshore action
    •     Shipping companies servicing the multi-billion-dollar offshore oil and gas sector have been hit by fresh disruption as the Maritime Union of Australia escalates industrial action in support of a claim for massive increases in allowances and wages.

    • Turkey: A gloomy outlook on the horizon for the shipyards
    •     A very tough year awaits the maritime construction industry. Many shipyard owners say they have received phone calls to cancel orders. Employment provided by the industry has contracted significantly

    • SLS Shipbuilding in more arbitration
    •     Tongyeoung-based mid-size builder SLS Shipbuilding is facing more arbitration drama from D’Amico and its commodities partner Glencore as the pair seek to nix all four ships, worth $190m, on order at the yard. The pair, whose shipping jv is called Glenda International, have launched a total of four arbitration cases this year

    • SLS Shipbuilding in more arbitration
    •     Tongyeoung-based mid-size builder SLS Shipbuilding is facing more arbitration drama from D’Amico and its commodities partner Glencore as the pair seek to nix all four ships, worth $190m, on order at the yard. The pair, whose shipping jv is called Glenda International, have launched a total of four arbitration cases this year

    • Construction started to electrify the fourth shipping terminal in the Port of Long Beach
    •     The Port of Long Beach has begun construction on its fourth â??shore powerâ? dock, to allow more ships to plug in to clean electricity and decrease pollution. Construction began recently at SSA Terminals/Matson Navigation Co.â??s Pier C facility. Read at Construction underway to electrify fourth shipping terminal at Port of

    • Odfjell acquires Pyrrhic victory
    •     Norwegian parcel tanker shipowner Odfjell has won its arbitration case in Stockholm against the large Russian state-owned shipyard Sevmash over the non-delivery of 12 ships contracted in 2004.

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