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STX Turku MPP Keel-laying
[Equipment]
The keel-laying of the multipurpose deck cargo vessel, built for Oy Gaiamare Ab, was held at STX Turku Shipyard on Wednesday 4 January 2012. The NB 1379 is 105.4 metres long and 18.8 metres wide. The environmentally friendly vessel is to be deliv...
2012-01-05 07:55:35
ABS to class dual-fuel OSVs
[Offshore]
Harvey Gulf International Marine has selected ABS as the class society for its two new dual fueled LNG-powered offshore supply vessels (OSVs) being constructed at Trinity Offshore LLC. The vessels will be among the first to be classed under the A...
2012-01-05 07:53:05
Daewoo wins five VLCCs
[Shipbuilding]
Kuwait Oil Tanker Co is to order five very large crude carriers from South Korea’s Daewoo Shipbuilding & Marine Engineering. The total order costs $556m and a $111m outlay for a VLCC is comfortably ahead of the present quoted brokers’ prices f...
2012-01-05 07:48:43
Aframax "Libya boost"
[General]
Aframax rates could begin to rise again as 1m barrels of crude are readied for export from Waha Oil’s Es Sider terminal. At least seven ships have been booked to load in the country in the last two days, brokers reveal. Cross-Med rates need...
2012-01-05 07:42:53
VLCCs slow steaming
[Shipping]
VLCC sailing speeds remained unchanged in the fourth quarter of 2011 as high bunker prices encouraged shipowners in the spot market to continue slow steaming, according to the latest report from RS Platou. Having measured the speed of 359 very lar...
2012-01-05 07:40:46
Box losses to top $5bn
[Shipping]
Global container lines are forecast to post collective losses of $5.2bn for 2011, representing a deterioration of $23bn from 2010 when the industry posted record profits. Drewry warns in its quarterly report that prospects for 2012 do not look muc...
2012-01-05 07:37:27
Korea targets $75bn
[Shipbuilding]
South Korean shipbuilders, reached about $65bn of new order in 2011, are to go into aggressive sales with a total of around $75bn of order target in 2012, bigger by 15.4% than last year's performance. Hyundai Heavy Industries, STX Offshore & Shipb...
2012-01-05 07:17:40
Big3 eye 70% offshore
[Offshore]
South Korean Big three are to make a big cut in new order for commercial ship, while expand offshore sector orders to 70-80%. Daewoo Shipbuilding & Marine Engineering plans to reduce weight on merchant ship sector to 20-30% in 2012. It sealed newb...
2012-01-05 07:12:23
Big3 Offshore Clash
[Offshore]
South Korean major three shipbuilders' new order competition for mammoth offshore plant is getting hotter from the beginning of the year. Sources said that Korean builders dominated drillship market in advance last year and devoted all their stren...
2012-01-04 14:27:32
KR New Year's Message
[Equipment]
Chairman Oh Kong-Gyun, Korean Register of Shipping (KR) said from his New Year's message that KR had reduced PSC detention to zero, placed top in classification evaluation and registered tonnage of 50m became just at hand, last year. Chairman Oh adde...
2012-01-04 11:11:13
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