Big3 target down [Finance]
UBS readjusted downward of target share price for South Korea's Big3, saying global economy with higher uncertainty would have a bad influence. In a report on October 3, UBS said that shipbuilding industry is highly sensitive to economic circumsta...
2011-10-05 10:12:46
Yangfan wins 76K BCs [Shipbuilding]
China's SITC has made its first foray into the dry bulk sector as an owner, having reportedly placed a newbuilding order for five 76,600 dwt panamaxes with Yangfan Group shipyards. A newbuilding broker said the acquisition of the vessels, which ar...
2011-10-05 07:41:50
BWTS enforcement 'near at hand' [Equipment]
The ballast water convention has finally been ratified by 30 member states of the International Maritime Organization. It now needs only one more state to ratify before it comes into force. The convention requires a minimum 30 states representi...
2011-10-05 07:36:54
GulfMark orders OSVs [Offshore]
GulfMark Offshore returned to European shipyards for another three offshore support vessel newbuildings. The US offshore giant has booked two 3,000-dwt platform supply vessels at Italy’s Rosetti Marino, with the first due to be handed over in t...
2011-10-05 07:31:12
Keppel pens $200m jack-up [Offshore]
Singapore-based yard Keppel FELS has sealed a $200m contract with Safin Gulf FZCO to deliver a high spec jack-up rig in the third quarter of next year. Keppel will refurbish and upgrade an existing KFELS B Class rig, thought to be the West Atlas,...
2011-10-05 07:28:43
Yangzijiang 'Thumbs up' [Finance]
AmFraser holds firm on its positive view of Yangzijiang Shipbuilding. Analyst Lee Yue Jer kicked off coverage of the Singapore-listed Chinese company with a buy rating last week and says investors shouldn’t be deterred by the 18% drop in value ...
2011-10-05 07:26:21
Marinvest into Northern Sea Route [Shipping]
Sweden's Marinvest has become the latest shipowner to take vessels along the Northern Sea Route (NSR) to Asia. The company said its 75,000–dwt LR1 tanker Marilee (built 2006) made it through the arctic ice on 15 August, escorted by Russian ...
2011-10-05 07:24:02
Krasnoye inks five PCs [General]
MNP Group’s Krasnoye Sormovo Shipyard and Volga-Balt Tanker (a Volga-Fleet Tanker subsidiary, part of UCLH) have signed a new contract for the construction of five products carriers of project RST27, MNP Group said Tuesday. The first contract ...
2011-10-05 07:21:14
10,000TEUs occupy half [Shipping]
Almost half of all containerships on order are for capacity of more than 10,000 TEU capacity, according to Alphaliner. Very large and ultra-large containerships of above 7,500 TEUs will dominate deliveries over the coming decade as carriers seek t...
2011-10-05 07:18:41
Sembcorp wins FPSO conversion [Offshore]
Sembcorp Marine’s Juroung shipyard is to convert a very large crude carrier into a floating production storage and offloading vessel. The deal worth $S130m ($99m) is with Modec, an FPSO contractor. Modec purchased the tanker, 305,000-dwt TAR...
2011-10-05 07:14:56
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