Excelerate confirms FSRU deal [Offshore]
US regasification specialist Excelerate Energy firmed up a long-awaited deal with the Puerto Rico Electric Power Authority (Prepa) to provide a floating storage and regasification unit (FSRU) off the southern coast of the Caribbean island nation. ...
2012-01-09 07:46:57
HMD delivers 56K BC [Shipping]
ESL Shipping Ltd has taken delivery of a new 56,000 dwt vessel from the Korean Hyundai Mipo Dockyard. M/s Arkadia is the first of two dry cargo vessels to be built in Vietnam, and it is owned by ESL Shipping. M/s Arkadia is a supramax class v...
2012-01-09 07:43:57
BC imbalance goes on [Shipping]
Dry bulk cargo demand is forecast to grow strongly in 2012, but it simply cannot match the massive orderbook this year, equivalent to 21% of the global fleet. DVB Bank’s research and strategic-planning department’s latest report on the dry-bul...
2012-01-09 07:42:11
Bergen wins seismic refit [Equipment]
Norwegian yard Bergen Group BMV has won a Nkr17 million contract from Rieber Shipping to refit seismic newbuild Polar Duchess before the vessel starts work for TGS in the North Sea this summer. The rebuilding work includes installation of new sei...
2012-01-09 07:38:34
DnB NOR top ship financier [Finance]
DnB NOR turns out to be the top bookrunner of syndicated marine loans for the second consecutive year. The Norwegian banking giant secured the 2011 title with 59 deals worth $9.2bn, or 13.5% of the total $68.4bn market, according to Dealogic. ...
2012-01-09 07:35:11
Uruguay "floating regas" speeds up [Equipment]
Argentina’s YPF is teaming up with compatriot Enarsa in a bid to inject more momentum into Uruguay’s plans for a floating LNG import terminal. To date only Enarsa has been working with Gas Sayago, the joint venture of Uruguayan state energy c...
2012-01-09 07:31:27
MODEC sells FPSO [Offshore]
MODEC has sold a floating production storage and offloading (FPSO) unit to a consortium operating an oil field off Ghana. The Japanese company concluded a $750m deal with the Tullow Oil-led group last month for the sale of the Kwame Nkrumah, Reut...
2012-01-09 07:27:26
Big3 nations "of all sorts" [Shipbuilding]
South Korea, China and Japan, major shipbuilding countries, have different distinct features of each own. Korea and China, securing a total of 90% of world shipbuilding market, show obvious difference in new order structure. Although Chinese ya...
2012-01-09 07:07:00
Samsung eyes offshore topside [Offshore]
Samsung-POSCO business cooperation is to expand into offshore plant sector. Market sources said on 6 January that Samsung Engineering decided to buy Sungjin Geotec's KRW 56.7bn ($48.8m) worth of new issue shares (about 5.2m units). Plant module...
2012-01-09 07:02:11
Plate Nego "Tough" [Equipment]
Shipbuilders and steelmakers are in confrontation over thick plate price for the first quarter 2012. South Korean builders request price cut of over-KRW 100,000 ($86.13) per ton from Q4 price. Yards are in urgent need of cost reduction by low-m...
2012-01-09 06:57:49
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