October 16, 2009

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Oct 16, 2009

Abu Dhabi MAR Group to take majority stake in Blohm Voss yards

Abu Dhabi: Yatch building group Abu Dhabi MAR has announced plans to acquire a majority 80% stake in each of the companies Blohm ... [full story]

Oct 16, 2009

MOL renews LA container terminal long-term lease

Tokyo: Mitsui O.S.K. Lines today announced that its Los Angeles-headquartered terminal operator subsidiary TraPac renewed its long-term lease contract for a container terminal at the ... [full story]

Oct 16, 2009

Vinashin in financial trouble

Hanoi: State-owned shipbuilding giant Vinashin is running up huge debts and its projects are now behind schedule for months, Tuoi Tre newspaper reported this week. ... [full story]

Oct 16, 2009

First boxship orders placed this year

Seoul: For the first time in a year there has been a containership order. A tanker operator from the Middle East, Abu Dhabi National Tanker ... [full story]

Oct 16, 2009

Hyundai Heavy makes bid for former sister firm

Seoul: Hyundai Heavy Industries, South Korea's top shipbuilder, said that it has signed a preliminary agreement to buy a local trading company. Late last month, ... [full story]

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