China thick-plate down [Equipment]
Price for marine thick plate in China is in decrease. Major cities of China had decreased thick plate price by about CNY 30-50, as of 19 December, and the thick-plate trading market is still very quiet. Marine thick-plate prices of 10mm and 20...
2011-12-21 10:14:18
Dyna-Mac secures offshore facilities [Offshore]
SGX Mainboard-listed Dyna-Mac Holdings Ltd., a multi-disciplinary specialist provider of detailed engineering, procurement and construction services ("EPC") to the offshore oil and gas, marine construction and other industries, has secured orders wor...
2011-12-21 08:21:13
TTS-Hyundai Mipo crane deal [Equipment]
Through its subsidiary TTS Marine GmbH in Bremen, TTS Marine ASA of Norway has signed a contract worth approximately 63,2 MNOK with Hyundai Mipo Dockyard in South Korea. The contract concerns delivery of 24 marine cranes for six bulk carriers bein...
2011-12-21 08:17:40
Technip wins Petrobras FLNG [Offshore]
A consortium formed by Technip, Modec International and JGC has won out in a tender to provide Brazilian oil giant Petrobras with a floating liquefaction vessel (LNG-FPSO). The FLNG facility will export new supplies of natural gas from ultra-deepw...
2011-12-21 08:11:47
Mitsubishi builds more tonnage [Shipbuilding]
Japan’s Mitsubishi Heavy Industries built 19 newbuilds (one LPG carrier, three tankers, six containerships, one ferry, six car carriers, two Ro-Ro's) or 1.48m gt in 2011, the company said in its year-end review of shipbuilding performance. In te...
2011-12-21 08:08:10
Sevan seeks to extend options [Offshore]
Sevan Drilling is reportedly trying to earn more time as it mulls options for two newbuilds at COSCO Shipyard. Talks between the Oslo-listed driller and the Chinese shipyard group are ongoing, Sevan Drilling CEO Scott Kerr tells Norwegian media. ...
2011-12-21 08:00:30
Drydocks World debt deal [General]
Drydocks World may sell stakes at its shipyards in Singapore and Indonesia as it seeks to restructure over $2bn worth of debt. The Dubai-based shiprepair company has $2.2bn of bank loans maturing in the next couple of years and needs to refinance...
2011-12-21 07:56:56
MOL wins Indonesia LNG transport [Shipping]
Mitsui O.S.K. Lines (MOL; President: Koichi Muto) announced on Dec. 20th that the company was selected to transport liquefied natural gas (LNG) to a floating storage and regasification unit (FSRU) operated by PT Nusantara Regas (headquarters: Jakarta...
2011-12-21 07:52:20
BW Gas builds LNG terminal [General]
BW Gas forms a joint venture to build an LNG regasification terminal in the Dominican Republic. The Oslo-based company and local outfit InterEnergy Holdings will develop the facility in San Pedro de Macoris on the Southeastern coast of the countr...
2011-12-21 07:49:12
Boxship price to keep falling [Shipping]
Boxship prices are to fall in 2012 as the sector suffers from oversupply and global economic difficulties, DVB Bank forecast. Newbuilding prices will slump by close to one tenth while secondhand ships will see their price tags sliced by more than...
2011-12-21 07:46:50
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