Deep Sea to grow fleet [Offshore]
John Fredriksen’s Deep Sea Supply plans to add to its fleet amid expectations of an improved offshore market next year. The Oslo-listed company says its shopping will be coupled with an effort to increase its spot market exposure. “In ligh...
2011-11-10 07:19:54
Maersk hit by boxship & tanker [Shipping]
AP Moller-Maersk has seen its nine-month profit squeezed by its loss-making containership operation Maersk Line. The group said net earnings to 30 September were DKK 3.1bn ($574.58m), against DKK 4.19bn in the same period of 2010. Revenue gre...
2011-11-10 07:15:09
Great Eastern cancels newbuild [General]
Singapore-listed Greatship Global Offshore, a subsidiary of Great Eastern Shipping, has reneged on a newbuild contract with Mumbai-based Mazagon Dock. The original order, made four years ago, was for two multi-purpose support vessels. The cancell...
2011-11-10 07:10:03
Samsung eyes 11th drillship [Offshore]
A European drillship owner with links to members of the Ofer family's shipping clan is looking to raise up to $69m through an initial public offering in the US. Pacific Drilling of Luxembourg and Houston, whose shares already trade on the Norwegi...
2011-11-10 07:03:52
Korean hard-going overseas [Shipbuilding]
South Korea's overseas yards are facing with declined new order, as well, when overall yards are troubled with order drought by overcapacity and global financial crisis. STX Dalian's new order amounting $300m is far less than yearly target of $1.5...
2011-11-10 06:38:55
Dent in orders lasting [Shipbuilding]
Ultra-large boxship has boomed from the end of last year to first half of 2011, however, new order for containership is expected to slow down in H1 next year by shrinking ship financing and tough shipping market. Offshore plant looks promising in ...
2011-11-10 06:34:36
Yangzijiang profit record-high [Shipbuilding]
Yangzijiang Shipbuilding of China has made record earnings despite tough conditions in the shipbuilding industry. Yangzijiang’s net profit for the third quarter passed CNY 1bn ($160m), increased by 40% on last year. Also, revenues were up 12% to...
2011-11-09 15:48:35
Korean active in R&D [Equipment]
South Korea's shipbuilders put spurs to research and development in a bid to reduce building cost. Technology development and patent application are frequent in offshore plant and special ship sectors, which mostly import equipment from overseas m...
2011-11-09 12:26:20
Hanjin to re-hire discharged 94 [General]
South Korea's Hanjin Heavy Industries & Construction reaches a tentative agreement on its layoff plans at Youngdo yard in Busan. Hanjin's management and labor union temporarily agreed upon reemploying 94 staffs in a year and paying KRW 20m ($17,84...
2011-11-09 11:50:03
5th Asian Shipbuilding Experts´ Forum [General]
The 5th Asian Shipbuilding Experts' Forum opens on 1-2 December in Busan, South Korea. The forum is sponsored by the Korea Shipbuilders' Association (KOSHIPA) and co-hosted by the Shipbuilders' Association of Japan (SAJ), Japan Ship Technology Resear...
2011-11-09 10:50:51
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