Three More Orders Cancelled at Yangzijiang Shipbuilding

first_imgzoom Singapore-listed shipbuilder Yangzijiang Shipbuilding has been served with three more terminations for shipbuilding orders during the second quarter of 2016, the company said in a stock exchange filing.The orders that were cancelled were for one 10,000 TEU containership, and two bulk carriers with a capacity of 82,000 dwt and 64,000 dwt, respectively.However, this might not be the end of contract terminations as the shipbuilder said that it does not rule out the possibility of more cancellations given the challenging market conditions, but it is unlikely to be high unless the shipping market deteriorates further.The financial impact from the three cancellations is not expected to be significant as these vessels have yet to start construction, according to the Development Bank of Singapore (DBS Bank).Furthermore, the bank said that the buyers have been found for all previously terminated vessels which are under construction at the yard.Namely, eight out of the ten vessel orders that were terminated in 2015 and during the first quarter of 2016, on which construction has commenced, have been resold. These units are scheduled for delivery in the second half of the year with some profit margin.Additionally, the shipbuilder secured orders worth USD 80 million for four 1,800 TEU containerships during the second quarter, lifting year-to-date wins to USD 590 million. As this represents 24% of the shipbuilder’s internal target of USD 2.5 billion worth of orders, Yangzijiang Shipbuilding has lowered its goal to USD 2 billion, DBS said.World Maritime News Stafflast_img read more

EHF and INFRONT Record year for EHF EURO events

← Previous Story Oliver Roggisch stays in Rhein Neckar Lowen Next Story → FTC VS Gyor – No losers, but someone falls down (VIDEO) ehf euro events The European Handball Federation (EHF) and Infront Sports & Media, the federation’s exclusive marketing and media partner for the EHF EURO events, have announced a new record level of television coverage of the Men’s and Women’s EHF European Championships, both held in venues across Serbia.A total cumulative television audience of 1.85 billion followed the EHF’s flagship events in 2012, which were transmitted by 75 licensed broadcasters into more than 200 countries and territories. The coverage of the biennial events increased by 35 percent compared to the 2010 figure when Austria and Denmark/Norway played host and were watched by an audience of 1.37 billion. An upward trend was also registered in broadcast time, with 3,060 hours achieved, compared to 2,670 in 2010, an increase of 15 percent.Women’s event highlights a clear upward trendThe recently completed media evaluation of the Women’s EHF EURO, which took place from 4 to 16 December 2012, clearly demonstrated the global reach of the women’s event. The total broadcast coverage reached 1,161 hours, amounting to an increase of over 20 percent compared to 2010. Overall, a cumulative audience of 380 million was reached, compared to 335 million during the last edition of the event. There were also positive figures in markets including Norway, where the matches of the five-time European champions reached a 50 percent market share, and in Serbia, where up to two million people tuned in per match to follow the success of the host nation in reaching the semi-finals.Jean Brihault, EHF President, said: “The EHF EURO events continue to deliver exactly what sports fans want: action, drama and excitement, brought to them by the world’s top players and teams, through a high-quality HD television production. I am delighted with the growth in the TV audience and the coverage of the EHF top men’s and women’s events, media figures which provide further evidence of handball’s strong position on the sports market.”Stephan Herth, Executive Director Summer Sports at Infront, said: “The record audience figures for the EHF EURO events in 2012 underline the event’s position as top-tier indoor sports communication platform. First class handball produced to the highest quality broadcast standards remains sought after by both broadcasters and sports fans in Europe and beyond. Together with the EHF we will continue to further raise the appeal and impact of the EHF’s top events.”Positive online developmentsInvestments made to upgrade and further expand the online offerings for fans around the event are also proving valuable. The official EHF EURO YouTube channel registered 370,000 views, leading to 37,400 hours of video content viewed through the platform. In addition, the official EHF EURO website gauged 277,000 unique visitors and over four million page views during the event.Whilst the men’s event in January broke all records in terms of the onsite spectator numbers with over 300,000 fans following the action live, the Women’s EHF EURO 2012 in December also set a new match record with the semi-final clash between the hosts and Montenegro watched by 13,598 people, beating the previous record of 11,411 set during the EHF EURO 2010 semi-final in Herning, Denmark. The event was followed by the media worldwide with approximately 450 journalists and photographers accredited for the event and an overall total of 800 media representatives, with the host broadcaster included. article: EHF read more