Nightmare 2009 to reappear [General]
New order from 2009, in which shipbuilding market was in a big depression, would start to reflect on the book next year. Therefore, South Korea's Big three as well as overall builders are expected to meet an inevitable consequences of worsening p...
2011-12-15 12:44:53
KAMCO's separate Daewoo-disposal [Finance]
CEO Chang Young-Chul from Korea Asset Management Corporation (KAMCO) revealed, "KAMCO is to make a choice of a sale manager in January 2012 to sell off 19.1% shares of Daewoo Shipbuilding & Marine Engineering." Chang said on 14 December, "We are p...
2011-12-15 11:22:21
Sungdong into normal [Finance]
Sungdong Shipbuilding & Marine Engineering of South Korea seems to be close to be financed about KRW 1.2trn ($1.04bn) from its creditor group, except Kookmin Bank by 2013. Market sources said on 14 December that the Export Import Bank of Korea, th...
2011-12-15 10:35:02
Rolls-Royce nets OSV package [Equipment]
Rolls-Royce, the global power systems company announced on Dec. 14, that it has won a £15 million order to provide the design, integrated power and propulsion systems and deck equipment for two offshore service vessels for ship owner Island Off...
2011-12-15 08:23:08
World's largest gas-fueled ferry [Shipping]
In a ceremony at Fiskerstarnd BLRT shipyard in Ålesund, Western Norway, ferry operator Fjord1 named the world's largest gas-fueled ferry, MF Boknafjord, on Wednesday. The new eco-friendly ferry, will serve the Arsvågen-Mortavika route ...
2011-12-15 08:20:13
Kongsberg-Daewoo rig automation deal [Equipment]
Kongsberg has been awarded a significant offshore automation contract with Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea. The contract covers deliveries to two semi-submersible drilling rigs (Cat-D), with an option for Kongsberg ...
2011-12-15 08:16:37
BC deliveries surpass 1,000-ship mark [General]
Deliveries of bulker newbuildings worldwide reached the all-time high this year. In the first eleven months of 2011, 1,050 bulkers totalling 88.5m dwt have entered service, according to Clarksons. “This is the first time that more than 1,000 dr...
2011-12-15 08:12:09
World’s first LNG-fuelled tanker [Shipping]
The world's first new LNG-fuelled tanker has been delivered in Rotterdam to Lloyd's Register class, heralding the start of a new era of cleaner shipping for Europe's local waterways. The delivery of MT Argonon, a 6,100-dwt dual-fuelled chemical ta...
2011-12-15 08:05:19
IHC pens €200m orders [Offshore]
IHC Merwede announced on December 14 that it has recently secured orders for advanced vessels and equipment in its core markets of dredging and offshore to the value of €200 million. The latest agreements confirmed by IHC Merwede include: a new...
2011-12-15 08:00:52
German books ConRo ferry [Offshore]
Germany's Flensburger Schiffbau Gesellschaft (FSG) reports that it has received an order from an unnamed Canadian shipowner for what, says the shipbuilder, will be one of the world's most environmentally friendly and innovative ConRo ferries. The ...
2011-12-15 07:58:17
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