Aker wins Bøyla subsea [Offshore]
5 January 2012 - Aker Solutions has signed a contract with Marathon Oil Norge AS to supply a subsea production system for the operator's Bøyla project on the Norwegian continental shelf. Contract value is approximately NOK 210 million ($35.2m). ...
2012-01-06 08:17:55
Su ups Vantage holdings [Finance]
Nobu Su, who owns about a third of US-listed Vantage Drilling, has upped his stake by 170,646 shares to try to halt the stock’s recent fall. The move raises Mr Su’s total shareholding to 100.2m shares. Mr Su, who owns Taiwan Marine Transp...
2012-01-06 08:15:38
Evergreen sticks to 8,800TEU [Shipping]
Evergreen group chairman Chang Yung-fa is warning of a difficult first half of the year for the global container trades. Dr Chang has refused to follow other competitors by ordering much larger ships, a position that has drawn both praise and crit...
2012-01-06 08:12:00
COSCO secures OCVs [Offshore]
The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co. Ltd., a subsidiary of the Company's 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over USD220 million fro...
2012-01-06 08:06:35
JJ Sietas "For sale" [Finance]
Germany's J.J. Sietas has been put up for sale after filing for insolvency in November, running up debt. Insolvency administrator, Berthold Brinkmann, Brinkmann & Partner, together with HSH Corporate Finance as advisor, is selling the group’s t...
2012-01-06 08:02:03
Chinese face "Market mechanism" [Finance]
The head of Japan’s largest shipping company, Mitsui OSK Lines had chilling words for China’s private shipyards, saying that “the excessive production capacity of shipyards in China, two-thirds of which is privately operated, will be brought in...
2012-01-06 07:58:19
Dae Sun delivers SITC 1,000TEU [General]
Dae Sun Shipbuilding & Engineering named and delivered Thursday the first of three Feeder Containerships ordered from China's SITC in late 2010. The ceremony was attended by SITC CEO Yang Xianxiang and Yard executives among others. The 953TEU v...
2012-01-06 07:33:52
$90bn newbuilds inked: 2011 [Offshore]
World new ship orders in 2011 were nearly halved in numerical terms year-on-year, however, it would be over $90bn, similar to $99.7bn from 2010, in terms of dollar contracted value. According to Clarksons, only about 100 tankers over 10,000 dwt we...
2012-01-06 07:25:58
Nantong delivery "New record" [Shipbuilding]
Shipbuilders in Nantong, China, made a new record of delivery in 2011. Nantong's state governmental statistics show that newbuilding delivery, within the jurisdiction of Nantong, increased to 167 vessels and 8.8m dwt, up by 25.6% and 13.8% in term...
2012-01-06 07:20:23
Hyundai Mipo to build 99 [Shipbuilding]
President & CEO Choe Weon-Gil, Hyundai Mipo Dockyard (HMD), revealed the company's 2012 new order target of 83 vessels of $3.2bn, KRW 4trn of turnover and $3.2bn of export. Moreover, the South Korea yard plans to deliver 81 vessels (excluding HVS'...
2012-01-06 07:15:25
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