Search results for: Shagang Shipping

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  • 2 March 2015
    Business & Finance

    Depressed bulk shipping market has taken another victim as Chinese dry bulk shipping company Shagang Shipping joins companies seeking bankruptcy protection. Shagang Shipping has filed for voluntary liquidation with a Hong Kong court ahead of its creditors’ meeting to be held on March 5th, as informed by China Marine Services Network. Shagang Shipping has been involved […]

  • 5 January 2012
    Business & Finance

    The shipping unit of Chinese steelmaker, Jiangsu Shagang Group, is the latest among a considerable number of Chinese maritime firms that have postponed payments to foreign shipowners in the past year, Reuters reports. Shagang Shipping has for months delayed payments for the use of a large iron ore carrier owned by Diana Shipping resulting in […]

  • 20 December 2011
    Business & Finance

    Shagang Shipping, a China-based company, has failed the cover the $4.8m charter costs for a dry bulk vessel to Greece-based Diana Shipping. The vessel MV Houston keeps operating in accordance with the terms of the charter. The charter termination date is October 2014. The Greek shipping firm singed the charter agreement with Shagang Shipping in […]

  • 17 October 2012
    Business & Finance

    Today, a naming and delivery ceremony for Shagang Sunshine, a new 250,000 DWT class ore carrier built by Namura Shipbuilding Co. Ltd., was held at the shipbuilder’s Imari Shipyard & Works. This is the third building of a 250,000 DWT class ore carrier, referred to as a WOZMAX, which is built to carry the maximum […]

  • 28 November 2013
    Business & Finance

    Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, yesterday announced that its wholly-owned vessel subsidiary Gala Properties Inc. has received a notice from the charterers of the M/V “Houston” claiming that they are entitled to terminate the charter effective November 26, 2013 for purported breaches by the owners. […]

  • 17 October 2012

    On October 17, a naming and delivery ceremony for Shagang Sunshine, a new 250,000 DWT class ore carrier built by Namura Shipbuilding Co. Ltd., was held at the shipbuilder’s Imari Shipyard & Works. This is the third building of a 250,000 DWT class ore carrier, referred to as a WOZMAX which is built to carry […]

  • 4 October 2012

    Kawasaki Heavy Industries, Ltd. delivered, three weeks ago, the Shagang Volition ore carrier, with a capacity of 298,000 DWT (Kawasaki hull no. 1670, DACKS no. DE005), to Xing Long Maritime S.A. at Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) in Dalian, China. Features of the Shagang Volition This vessel is Kawasaki’s newly developed state-of-the-art […]

  • 7 September 2011

    Board of Directors of PST Management Pte. Ltd. (“PSTM”), as Trustee-Manager of Pacific Shipping Trust (“PST”), announced that PST has taken delivery of its 180,000 DWT capesize bulk carrier, M/V Shagang Hongfa, from Hyundai Heavy Industries Co., Ltd., on 5 September 2011. Hyundai Heavy’s Shipbuilding Division, the world’s number one shipbuilder, leads the shipbuilding industry […]

  • 12 November 2007

    Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Jiangsu Shagang Group Co., Ltd, People’s Republic of China, for one of its Panamax dry bulk carriers, the Dione, at a gross rate of US$82,000 per […]

  • 23 November 2016
    Business & Finance

    Incidents involving abductions of crew from ships while underway have increased in the Sulu-Celebes Sea and eastern Sabah region in the period from March to November 2016, according to piracy watchdog ReCAAP ISC. Namely, since March, 44 crew member were abducted, 11 of which remain in captivity. During the period there have been 11 incidents in the […]

  • 6 September 2011
    Business & Finance

      The Board of Directors of PST Management Pte. Ltd. (“PSTM”), as Trustee-Manager of Pacific Shipping Trust (“PST”), announced that PST has taken delivery of its 180,000 DWT capesize bulk carrier, M/V Shagang Hongfa, from Hyundai Heavy Industries Co., Ltd., on 5 September 2011. About Pacific Shipping Trust Pacific Shipping Trust is the first business […]

  • 16 December 2016
    Business & Finance

    The continued occurrence of incidents involving the abduction of crews from ships while underway in the Sulu-Celebes Sea and off eastern Sabah is a cause for great concern, according to the latest report by Asian piracy watchdog ReCAAP ISC. In November 2016, one actual incident and four attempted incidents of abduction of crew were reported. Between […]

  • 2 May 2018

    ReCAAP warns of crew abduction threat posed by members of Abu Sayyaf in Malaysia.

  • 7 September 2015

    China General Nuclear Power Corporation (CGN) has installed the first wind turbine at its Rudong offshore wind farm. Located around 25 kilometers offshore Shayang Yangkou Port, the project will comprise 38 Siemens 4 MW turbines with a total capacity of 152MW. The project construction kicked off in late May 2015 with the installation of the […]

  • 21 September 2006

    Hyundai Heavy Industries Co. Ltd., (HHI) recently signed a Memorandum of Understanding(MOU) with Jiangsu Shagan Group Co., Ltd. to import 180,000 ton of shipbuilding steel plates annually. Including this contract, HHI is expected consume 22% of its steel plate requirement(3.2million ton) requirement from china in 2007, or 700,000 tons. In 2006, HHI imported 500,000 tons […]

  • 9 September 2016

    China General Nuclear Power Group’s (CGN) 152MW Rudong offshore wind farm demonstration project will soon be fully operational, China Daily reports. The first of 38 Siemens 4MW wind turbines at the Rudong offshore wind farm, located around 25 kilometers offshore Shayang Yangkou Port, was installed in September 2015. In January, the offshore wind farm started producing power after the […]

  • 9 September 2016

    China General Nuclear Power Group’s (CGN) 152MW Rudong offshore wind farm demonstration project will soon be fully operational, China Daily reports. The first of 38 Siemens 4MW wind turbines at the Rudong offshore wind farm, located around 25 kilometers offshore Shayang Yangkou Port, was installed in September 2015. In January, the offshore wind farm started producing power after the […]

  • 12 October 2015

    Africa may dominate deepwater expenditure in the next five years. This year’s Drilling & Dollars panel during Offshore Energy (October 13-14) focuses on the paradox between the many opportunities for exploration and production offshore Africa and the cold feet of North European SMEs to take the leap to Africa. French oil and gas company Total […]

  • 21 May 2018
    Business & Finance

    COSCO Shipping Ports and its partners are to develop terminal extended services and port supply chain platform.

  • 24 June 2014
    Business & Finance

    TOP Ships Inc., an international owner and operator of MR tanker vessels focusing on the transportation of petroleum products, has taken delivery of the EShips Taweelah.   The newbuild is a 50,000 dwt fuel efficient “ECO” MR product tanker and the first of six vessels under construction in TOP Ship’s fleet. Another five vessels are […]

  • 1 May 2019
    Business & Finance

    Samsung Heavy has successfully built its first LNG-fueled vessels with its own technology.

  • 26 November 2019
    Equipment

    Classification society ABS has awarded approval in principle (AIP) to Samsung Heavy Industries (SHI) for its X-Reli LNG boil-off gas expander, a part of SHI’s expansion re-liquefaction system.