Hyundai Mipo inks 52K PC [Shipbuilding]
Scorpio Tankers announced on Dec 22 that it has signed a contract with Hyundai Mipo Dockyard of South Korea ("HMD") to construct a 52,000 DWT MR product tanker for approximately $36.4 million ("sixth newbuilding"). The shipowner also executed a $9...
2011-12-26 07:33:17
Petrobras ditches rig tender [Offshore]
Petrobras announced that it has canceled a much-delayed tender to buy 21 deepwater drilling rigs to be built domestically in Brazil. The state-run Brazilian oil giant said it would instead open direct negotiations with two suppliers – Ocean...
2011-12-26 07:29:31
STX OSV wins Forage Carrier [Equipment]
STX OSV Holdings Limited ("STX OSV"), one of the major global designers and shipbuilders of offshore and specialized vessels, announced on 23 December that it has secured a new contract for the construction of a Forage Carrier for Eidsvaag AS. The co...
2011-12-26 07:26:35
SH tankers down 28% [Shipping]
The single-hull tanker fleet of vessels over 10,000 dwt has shrunk by over a quarter in 2011. The SH tanker tonnage now stands at 19.2m dwt, made up of 300 vessels, according to shipbroker Gibson in its end of year tanker report. However, for t...
2011-12-26 07:24:54
Torm resales kamsarmaxes [Shipping]
Danish shipowner Torm revises its forecast loss for the year to around $250m. The predicted deficit has increased following the sale of two kamsarmax bulker newbuilding contracts which will hit Torm’s profit and loss account to the tune of $41m...
2011-12-26 07:21:12
Daewoo drillship delayed [Finance]
Daewoo Shipbuilding & Marine Engineering were requested delay in newbuilding delivery, following its cancellation on newbuilding contract. The South Korean builder made a public announcement on 23 December that it held off delivery of its one newb...
2011-12-26 07:06:29
Widening Gap: Yards & Sectors [General]
As shipbuilding market slump goes on, polarization of major-minor yards and high end-low end vessels would be intensified. In particular, small-and-medium yards are likely to make plans to overcome new order crisis, as commercial ship, such as bul...
2011-12-26 07:01:52
Hyundai Mipo "No redundancy" [General]
CEO Choe Weon-Gil, Hyundai Mipo Dockyard insisted, "There would be no redundancy in Hyundai Mipo." In an interview from Hyundai Mipo's in-house newsletter, Choe mentioned, "Our basic principle is to respect for each individual in relationship of l...
2011-12-23 16:24:09
SWS delivers over 8M dwt [General]
Shanghai Waigaoqiao Shipbuilding (SWS) of China had a completion ceremony for 206,000-dwt capesize bulker, "Dan May", on 22 December. Now SWS made China's new record for delivering over 8m-dwt, with delivery of 36 vessels, 8.148m dwt so far this ...
2011-12-23 15:49:37
DNV-KEMA into cleaner energy [General]
DNV has acquired 74.3% of KEMA’s shares, creating a world-leading consulting and certification company within the cleaner energy, sustainability, power generation, transmission and distribution sectors. DNV and KEMA will form a world-leading ene...
2011-12-23 14:57:58
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