Hyundai releases Nov performance [Finance]
South Korea's Hyundai Heavy Industries made a public notice on 21 December that its revenue for November stood at about KRW 2.162trn ($1.864bn), down by 3.3% on the same month in 2010. Revenue in the first 11 months increased to cumulative KRW 22....
2011-12-22 11:08:27
Zhoushan to weather crisis [General]
Facing with depressed market, rising labor costs, yuan appreciation, etc., Chinese builders are in a difficult situation. Also, global shipbuilding market is expected to suffer by 2015. Amid such crisis, major yards in Zhoushan, China is known to ...
2011-12-22 10:38:57
Biggest investment on oil/gas [Finance]
South Korea's investment on oil and gas exploitation for 2012 is expected to increase to $11.8bn, up by 34% on this year. Ministry of Knowledge Economy (MKE) forecast during 'The 10th Overseas Resource Development Forum' on 21 December. MKE est...
2011-12-22 10:05:33
Svitzer eyes $80m order [General]
Svitzer plans an $80m order for five newbuilds after scooping a supply contract at the Gorgon Project LNG terminal. The AP Moller-Maersk unit will need four 80-tbp tugs and a pilot boat to service the 20-year deal. A spokesperson for Svitzer ...
2011-12-22 08:12:39
OSV demand to rise 10% [Offshore]
Demand for offshore supply vessels is projected to increase at annual growth rates of 9% to 10% year-on-year in the next two years. Germany's DVB Bank analysts said they expect demand for anchor handling tug supply (AHTS) vessels to increase by 9....
2011-12-22 08:09:38
Jurong sets to new Brazilian yard [General]
Sembcorp Marine's subsidiary Jurong Shipyard marked an important milestone in its growth and expansion strategy with the ground-breaking of Estaleiro Jurong Aracruz, the Group's first overseas Integrated New Yard Facility in the state of Espirito San...
2011-12-22 08:02:57
Mustang bags Spar topsides [Equipment]
Wood Group-owned Mustang wins the spar platform topsides engineering contract for the Anadarko-operated Lucius field development in the Gulf of Mexico. Mustang will carry out the topsides engineering, procurement support and equipment inspection ...
2011-12-22 07:59:22
Statoil eyes giant spar platform [Offshore]
Statoil is reportedly set to develop the Luva field in the Norwegian Sea using a giant spar platform that could be the world’s largest such facility. Although the company is due to make a formal concept decision in January, an impact assessment ...
2011-12-22 07:53:50
Nam Cheong orders jump 50% [General]
Malaysian shipbuilder Nam Cheong sealed a sale contract with a new customer for an accommodation barge. The Singapore-listed company will bank MYR 84m ($26.5m) for the order from compatriot marine support services company Saujana Marine. The ...
2011-12-22 07:46:05
Daewoo wins semi-sub rig [Offshore]
Daewoo Shipbuilding & Marine Engineering revealed Wednesday that it has inked a semi-submersible rig with an un-identified European client. Daewoo reveals the newbuilding has a price tag of KRW 727.3bn ($621.9m) and will be delivered by May 15th ...
2011-12-22 07:41:16
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