Korea records $65bn [Offshore]
South Korea's major seven shipbuilders' overall new order in ship and offshore facilities was estimated to be $63.4bn in 2011. Hyundai Heavy Industries won $19.8bn of new order, followed by Samsung HI $15bn, Daewoo Shipbuilding & Marine Engineerin...
2012-01-03 07:18:51
Big4 turn "Aggressive" [Shipbuilding]
South Korea's Big 4 made their 2012 new order targets and are to make aggressive moves on offshore/specialized ship sectors. Hyundai Heavy Industries and STX Offshore & Shipbuilding made aggressive targets while Samsung HI and Daewoo Shipbuilding ...
2012-01-03 07:14:13
US emerging "Big buyer" [Shipping]
The US is emerging as "Big buyer" in new order market by placing newbuilding energy-related vessels, in the face of a depressed demand for commercial ship. According to Clarksons, the US made the largest new-order placement (in terms of amounts) ...
2011-12-30 10:42:22
Shipbuilding/shipping under investigation [Finance]
South Korea's financial authorities had full-scale investigations into shipbuilders and shipping companies. Financial Supervisory Service (FSS) had inspection for financial situations of all the domestic 30 yards and 176 shipping companies during ...
2011-12-30 10:08:47
Mitsubishi sales jump [Finance]
Mitsubishi Heavy Industries says its shipbuilding sales are set to soar this fiscal year. Head of its main Nagasaki shipyard Kazuo Souma said that this financial year (ending March 2012) shipbuilding sales would increase 47.3% on the previous yea...
2011-12-30 08:21:51
Shtokman FID delayed [Offshore]
Development of Russia's Shtokman gas fields will remain in limbo for a few more months. Gazprom-led consortium continues to needle the government for tax breaks to help ensure the project is profitable. Shtokman Development AG, in which Norway...
2011-12-30 08:16:53
Aker inks Statoil subsea [Offshore]
Aker Solutions wins a contract from Statoil to build subsea production systems for the Norwegian’s Svalin project, a fast track oilfield development on the Norwegian Continental Shelf. Aker wrote in a statement on Dec. 29 that the contract valu...
2011-12-30 08:12:05
China Claims Crown [Shipbuilding]
China is claiming that it will keep the crown of the world’s largest shipbuilding nation this year as it races ahead of South Korea in new order terms (DWT). According to figures released by the China Association of the Shipbuilding Trade (CAST)...
2011-12-30 08:04:23
Keppel wins S$10bn in 2011 [Offshore]
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiaries, Keppel Singmarine Pte Ltd (Keppel Singmarine) and Keppel Verolme BV (Keppel Verolme), has secured contracts totaling S$150 million from international customers. Keppel Singmarine ...
2011-12-30 07:59:28
NK, 1st Statement of Fact for Tier III [Equipment]
ClassNK awarded its first ever Statement of Fact for Tier III nitrogen oxide (NOx) reductions to a marine diesel engine incorporating a Selective Catalytic Reduction (SCR) system - the first statement of fact issued by the Society for Tier III NOx re...
2011-12-30 07:52:40
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