DSME pens Israel LNG-FPSO [Offshore]
Israel Land Development Company Energy has signed a cooperation and development agreement with DSME E&R, an energy-related subsidiary of South Korea’s Daewoo Shipbuilding & Marine Engineering, to look into building a floating LNG facility at the My...
2011-12-19 07:46:29
PGS awaits newbuild options [Shipbuilding]
Norwegian seismic contractor Petroleum Geo-Services (PGS) has earmarked $200 million for newbuilds next year on expectations of a market uptick. The proposed investment is part of an overall targeted capital spend of $350 million to $400 million ...
2011-12-19 07:41:25
LNG rates $200,000? [Shipping]
An LNG carrier has reportedly been taken for a short voyage in the intra-Asia market at a staggering price, equivalent to $200,000 per day. Norwegian investment bank Arctic Securities mentioned the deal in its daily report on Friday but gave no fu...
2011-12-19 07:38:15
Coastal bags orders [Offshore]
Malaysia’s Coastal Contracts has won newbuilding orders from a number of companies in deals worth MYR233m ($73m). The orders comprise a series of three offshore support vessels (OSV), two landing craft as well as two barges, the Kuala Lumpur-li...
2011-12-19 07:34:14
Bleak on 2012 shipping [Shipping]
DNB Bank has a bleak view for the tanker, bulker and container shipping markets in the year ahead. Shipping chief Harald Serck-Hanssen says the tanker sector is the most distressed, while the boxship sector will likely see the largest changes in ...
2011-12-19 07:30:38
DNB handling well [Finance]
Shipping industry’s largest syndicated lender DNB says only NOK 300m ($60m) of its shipping loans are non-performing, which leaves more than 99% of its facilities in the clear. Harald Serck-Hanssen, head of the bank’s shipping and offshore di...
2011-12-19 07:25:06
China marine equip export rise [Equipment]
According to statistical data from General Administration of Customs of China, China's overall export-import of marine equipment in the first ten months increased to $6.416bn, up by 10.76% on the same period in 2010. Among them, export jumped by 21.5...
2011-12-19 07:05:47
Samsung tops world orderbook [Shipbuilding]
Samsung Heavy Industries of South Korea takes the first place in backlog as of the early December, ahead of Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries. According to Clarksons, Samsung recorded 179 vessels or 8.269m cgt o...
2011-12-19 07:01:22
Big3 to exceed $50bn [Shipbuilding]
South Korea's Big three arrest attention whether to exceed overall new order of $50bn or not, as they already have passed or just came closer to 2011 target. Hyundai Heavy Industries, including Hyundai Samho Heavy Industries firmed up as the first...
2011-12-19 06:58:14
Hanjin 4,700TEU's fall through [General]
Hanjin Heavy Industries & Construction of South Korea made a public notice on 16 December that it failed to win 4,700-teu newbuilding contract. The Youngdo-based yard revealed, "New order for 4,700-teu boxship from Asian owner turned out to be uns...
2011-12-16 17:13:37
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