Swiber orderbook highest [Offshore]
Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore industry, announced that its orderbook has rocketed close to US$1.0 billion, the highest in the Group's corporate history, after securing its...
2011-09-26 07:18:34
Great Lakes yard wins tug [General]
Seacor Holdings, through new affiliate Caribbean Tugz, has ordered two tug newbuildings at Great Lakes Shipyard in Cleveland, Ohio. Caribbean Tugz intends to use the units for ship docking and escort operations at the Hovensa Oil Refinery in Saint...
2011-09-26 07:16:31
Golar to win $120,000 for LNG carrier [Shipping]
Golar LNG is reportedly soon to achieve a fresh high for LNG shipping rates, as reports circulate in the market of the company being close to chartering out one of its LNG carriers at a rate of $120,000 per day for a period of two to three years. ...
2011-09-26 07:13:40
Diana 206K newbuilds fixed [Shipping]
Diana Shipping has landed long-term charters for its two giant newbuildings. EDF Trading has picked up both of the New York-listed owner’s 206,000-dwt Newcastlemaxes which are on order in China. Diana tells investors the Los Angeles and Phi...
2011-09-26 07:02:56
Hanjin taps investors [Finance]
South Korean shipowner Hanjin Shipping is to tap investors for KRW 472bn ($400m) in return for new shares, the company said in a stock exchange release. Hanjin will put 40 million units worth KRW 11,800 apiece up for grabs. The funds will be ...
2011-09-26 06:59:12
Northern Sea Route rises [Shipping]
Vladimir Putin is talking up the Northern Sea Route (NSR) as a rival to the Suez Canal. The Russian prime minister said the arctic shipping run would soon be competing with the Egyptian waterway as a quicker trade link from Europe to Asia. Speaki...
2011-09-26 06:55:45
Neu scraps VLOC [General]
Neu Seeschiffahrt of Germany torches another of its 1980s-built ore carriers in Bangladesh. Brokers say the 305,000-dwt Ruhr N (ex-Ruhr Ore, built 1987) has been sold for scrap in a demolition deal with cash buyers. At a rate of $525 per ldt,...
2011-09-26 06:52:33
Saipem-USC tie up [Offshore]
Italy’s Saipem and Russia’s United Shipbuilding Corporation have signed an exclusive cooperation deal for the development of oil and gas projects inside and outside Russia. The cooperation agreement outlines objectives, criteria and timing fo...
2011-09-26 06:50:15
Big3 Crisis-resistant [Shipbuilding]
Despite of South Korean shipbuilders' restructuring by global economic downtrend, major shipbuilders, Samsung Heavy Industries, Hyundai Heavy Industries, and others, are still in good shapes. Analyst Han Young-Soo from Samsung Securities forecast,...
2011-09-26 06:30:25
European crisis concerns [Finance]
Shipbuilding industry, which recently showed recovery around high-value newbuilding orders this year, faces growing concerns about another depression by European financial crisis. Owners based on Europe would be harder to raise shipbuilding financ...
2011-09-26 06:26:38
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