MacGregor offshore winches have been specified for 22 new anchor handling tug supply vessels (AHTSVs) under construction at three Chinese shipyards for several international owners. MacGregor, part of Cargotec, has secured new offshore winch contracts from three Chinese shipyards, Fujian Southeast, Fuzhou Baima and Guangdong Yuexin Ocean Engineering. The winches are destined for 22 anchor handling tug supply vessels (AHTSVs) under construction for a number of international owners. "Our offs...

Clarkson’s newbuilding price index is seen to have hit 126.3p as of the end of April, rising month-on-month by 0.7p. Recording 126.3p in late January 2013, the index rose to 126.4p at the end of February and fell to 125.6p in late March however it recovered surging to 126p in a month.  With new orders having recovered year-to-date, newbuilding values of some vessel types like capesize bulker are on the increase from the end of last year while some ship types are seen to have hit the bo...

Three emerging trends -- falling US oil imports, the return of some manufacturing capacity to rich industrialised nations and advances in vessel design -- could significantly change the competitive landscape for global shipping companies and affect their creditworthiness over the next five years, says Moody's Investors Service in a report on the sector published today. "The credit impact arising from each of these trends is likely to vary according to industry segment -- crude oil tankers, con...

According to the BIMCO analysis the shipyard industry seemed to head straight for the output-abyss just 15 months ago. Today the transition from recent years' record high shipyard output to a more sustainable level of output appears to soft-land with global shipyard output clearly slowing down. This BIMCO analysis compares data from December 2011 with data from March 2013, representing a remarkable turn for the shipyard industry.

 An integrated part of this soft landing is the evidence of th...