COSCO Corporation (Singapore) informs that its COSCO (Dalian) Shipyard subsidiary has delivered the 82,000 dwt bulk carrier "UNION VOYAGER", to its European buyer. The new ship measures 229 meters in LOA, 32.26 meters in breadth and is 20.25 meters in depth. About COSCO Shipyard Founded in June 2001, COSCO Shipyard Group Co., Ltd, is a subsidiary of China Ocean Shipping Company (COSCO). It specializes in large vessel construction, marine engineering, conversion, and  ship repair service...

Daewoo Shipbuilding & Marine Engineering Co Ltd said on Monday it has won a 339.3 billion won ($316 million) order to build a liquefied natural gas (LNG) carrier for Russian state-owned shipper Sovcomflot. A spokesman for the South Korean shipbuilder said the order is the first of 16 gas carriers that Daewoo agreed in July last year to reserve construction slots for future building, intended for use in Russia's Yamal natural gas development project. Daewoo said the LNG carrier, which w...

South Korean shipbuilders ranked top in the volume of new orders won for the second consecutive month in February, outdoing their Chinese rivals by more than double, industry data showed Wednesday. Global market researcher Clarkson Research Services said South Korean shipbuilding companies obtained orders totaling 1.39 million compensated gross tons (CGTs) in February, up 19.9 percent from 1.16 million CGTs a year ago.   The number is equal to 45.7 percent of the global ship orders of 3...

              NEWBUILDING GENERAL COMMENT With the Chinese New Year celebration taken place over the last week, the newbuilding order activity has slowed down. We do however expect the activity to accelerate over the next weeks. Interesting to notice that Cosco shipping has released a 3 year fleet renewal program sparked by the Chinese government subsidy scheme for scrapping old tonnage and replacing them with new Eco-version ...