Scottish wins hybrid Ropax [Shipping]
Caledonian Maritime Assets Limited (CMAL) has announced that Ferguson Shipbuilders, Port Glasgow, Scotland as the preferred bidder for the contract to build the world's first two seagoing Roll-on/Roll-off vehicle and passenger (Ropax) diesel electric...
2011-11-04 08:08:18
Maersk line into red [Finance]
AP Moller-Maersk is expected to post a loss in its container division in the third quarter, when it announces its results next week, according to Macquarie Equities Research. Maersk Line is expected to post a DKr1.3bn ($246m) loss after tax in the...
2011-11-04 08:03:52
BC deliveries to hit record [Shipping]
Newbuilding bulk carrier deliveries could reach up to 95m dwt in 2011, a fresh record and 20% up on the 79.9m dwt that entered service last year, according to fresh analysis from Arctic Securities. Slippage levels are still high, however. In the f...
2011-11-04 08:00:38
STX leads OSV orders [Offshore]
Am Fraser has given the thumbs up to STX OSV just a few days after it scooped a NOK 1bn ($181m) order for four newbuildings for Island Offshore. The next wave of offshore support vessel orders is just around the corner, analyst Lee Yue Jer said i...
2011-11-04 07:56:06
Sembcorp profit down [Finance]
Singapore-listed Sembcorp Marine saw earnings fall back in the third quarter. Profit slipped by 9% in the third quarter, falling from $243m in the third quarter of last year to reach $223m, Sembcorp Marine reported. Operating profit was also ...
2011-11-04 07:52:07
COSCO inks kamsarmax [Shipbuilding]
COSCO Corp (Singapore) has secured an order for two more bulkers. The company said the 82,000-dwt vessels will be built at its COSCO Zhoushan Shipyard in China for delivery in the second quarter of 2013. They are costing $68m, but the owner i...
2011-11-04 07:49:33
Jinhai-LR ink class contract [General]
On October 25, the signing ceremony for Classification Contract of five 76,000DWT Bulk Carrier with Lloyd’s Register was successfully held in Jinhai Heavy Industry in China. The CEO of Lloyd’s Register in Greater China Regions Mr. Nick Brown, ...
2011-11-04 07:45:40
PNG FLNG in supply talks [Offshore]
The owners of the Papua New Guinea floating liquefied natural gas (PNG FLNG) project are in discussions with potential feedstock suppliers with acreage in the Western Province on using LNG-FPSO facility instead of an on-land one. Companies includ...
2011-11-04 07:39:13
Offshore exploration to jump [General]
Offshore oil exploration offers high impact potential for 2012, according to the analyst team at investment bank Morgan Stanley. A survey of companies drilling wells in fields of at least 100m barrels found offshore exploration likely to rise 18%...
2011-11-04 07:32:46
Beijing adjusts NB deliveries [Shipbuilding]
Beijing plans to intervene with newbuilding deliveries from domestic yards in a move which could soften the impact of oversupply. Transport Minister Li Shenglin told a conference the government would “guide the arrival of new container and dry-...
2011-11-04 07:28:54
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