BWM cost spurs VLCC scrapping [Equipment]
The costs associated with meeting the upcoming Water Ballast Management Convention (WBC) could prompt more VLCC scrapping, a top shipbroker says. “Given the recent trading conditions, the rapid fall in asset values and spiralling bunker prices,...
2011-12-20 07:46:17
Technip wins Spar hull [Offshore]
Paris, December 19, 2011 - Technip was awarded a lump sum contract by Anadarko Petroleum Corporation for the engineering, construction and transport of a 23,000 ton truss Spar hull for their Lucius(1) project in approximately 7,100 feet (2,165 meters...
2011-12-20 07:41:01
Saipem awarded $600m Offshore orders [Offshore]
San Donato Milanese (Milan), 16 December 2011 -Saipem has been awarded new E&C Offshore contracts in South America worth approximately $600 million. In Brazil, Saipem has been awarded an EPIC contract by Petrobras for the development of the gas ex...
2011-12-20 07:37:43
Japan ship orders surge [Shipbuilding]
Japanese export ship orders grew for the second straight month in November on a year-over-year basis, rising 47.4 percent to 773,790 gross tons, according to the Japan Ship Exporters’ Association. The year-over-year pace of growth quickened from...
2011-12-20 07:35:06
Japan-owned first drillship delivered [General]
On December 15, a new drillship owned by Etesco Drilling Services LLC., a company established by a consortium comprising NYK, Mitsui & Co. Ltd., Kawasaki Kisen Kaisha Ltd., Japan Drilling Co. Ltd., Etesco Construções e Comércio L...
2011-12-20 07:32:56
Sembcorp nets DP offshore deal [Offshore]
Singapore, 19 December 2011: Sembcorp Marine's subsidiary Sembawang Shipyard has secured a US$140 million contract from Equinox Offshore Accommodation Limited to convert a ropax vessel to a DP2 Accommodation and Repair Vessel (ARV). Sembawang Shi...
2011-12-20 07:29:42
JBIC financing WW newbuild [Finance]
JBIC, Mitsui Sumitomo Bank and Mitsubishi Tokyo UFJ Bank have come up with a $55m facility for the Oslo-listed owner Wilh Wilhelmsen. The cash will be used to pay for newbuildings on order at Mitsubishi Heavy Industries. JBIC says it is offer...
2011-12-20 07:26:15
Sinotrans fixes Pax. [Shipping]
Sinotrans has found work for its latest panamax newbuilding which is set to enter the market early next year. Its 76,700-dwt Great Rich (built 2012) will join Cargill for up to six months from when it is rolled out early next year, according to t...
2011-12-20 07:23:58
Fred ends HHI drillship option [Shipbuilding]
An option on a drillship newbuilding secured by Fred Olsen Energy at Hyundai Heavy Industries has lapsed. Oslo-listed Fred Olsen has been hedging its bets on the vessel which it originally needed to firm by October, but it confirms the unit will n...
2011-12-20 07:20:31
Maersk Line new CEO [Shipping]
Eivind Kolding quits as CEO of Maersk Line to take over as chairman of Danske Bank. Maersk Tankers boss Soren Skou will be new CEO of the line, Maersk Line says. Nils Andersen, CEO of AP Moller-Maersk, says the world’s largest boxship opera...
2011-12-20 07:17:44
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