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IHC Merwede targets Asian yards
[Shipbuilding]
IHC Merwede has identified two yards in Indonesia as among its potential acquisition targets in South-east Asia. The Dutch shipbuilder expects to conclude talks with at least one yard in South-east Asia within the first half of 2012. It seems...
2011-12-27 07:59:31
TMT to take delayed newbuilds
[Finance]
Taiwanese shipowner Today Makes Tomorrow (TMT) confirms its commitment to take delivery of a number of delayed newbuildings sitting at South Korean shipyards. TMT says it will honour its orders. The Nobu Su-controlled company is rumoured to be st...
2011-12-27 07:52:31
PetroBangla FSRU tender
[Offshore]
State-owned PetroBangla has invited pre-qualified parties to submit bids to provide a floating LNG regasification terminal. They include a pairing of Excelerate Energy and Astra Oil, Golar LNG, Samsung C&T and India’s Hirandani Private Co, whic...
2011-12-27 07:48:19
Berge buys VLOC resale
[Shipping]
Singapore's Berge Bulk emerges as the buyer of a 297,000-dwt bulker newbuilding due for delivery from Universal Shipbuilding in Japan early next year. The identity of the buyer has been subject to speculation after reports surfaced last month tha...
2011-12-27 07:44:12
Atlantico delivers semi-sub hull
[Equipment]
Brazil’s Estaleiro Atlantico Sul shipyard has delivered the lower hull of the largest semi-submersible production platform ever built in the country to Petrobras. The 44-metre tall lower hull of the P-55 platform is now scheduled to be towed fo...
2011-12-27 07:39:44
Chinese breaks pair
[Shipping]
China Shipping Group has sent two of its veteran handysize bulkers to a domestic shipbreaker yard. Hong Kong arm China Shipping development Co (CSDC) has sold the 18,921-dwt Hong Qi 120 (built 1979) and the Hong Qi 124 (built 1978). The pair ...
2011-12-27 07:36:15
US LNG export "Favorable?"
[General]
As the US is set to start LNG export from 2015, some say that South Korean shipbuilders would face a favorable condition as with growing demand for LNG carrier, however, demand for drillship, LNG-FPSO would decrease, a domestic analyst insists. An...
2011-12-27 07:20:11
2011: Offshore Dash
[Offshore]
Offshore plant age has arrived in shipbuilding market, with new order for offshore facilities, such as drillship, semi-submersible drilling rig, FPSO, etc., having exceeded that for commercial ship this year. Demand for offshore facility increased...
2011-12-27 07:11:56
Korea vs. China: Neck to Neck
[Shipbuilding]
Cutthroat new order award competition between South Korea and China is expected to continue. In 2011, demand for high-value vessel increased, while that for commercial ship was in decrease. Facing with a change in ship demand structure, Korean sh...
2011-12-27 07:08:56
Big3 target $40bn: 2012
[Shipbuilding]
Shipbuilders tend to operate the yard rather conservatively, by setting 2012 target similar to or lower than that from 2011, as newbuilding price being in decrease and new order for commercial ship expected to be in depression next year. Therefore...
2011-12-26 14:23:56
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