Capes scrapping hit 61 [Shipping]
Bulkers dominate the scrap scene with two more capesizes sold, taking the total number torched this year to 61. Greece’s Good Faith Shipping sold its last capesize, the 132,000-dwt Riva (built 1981), to Bangladesh for $520 per ldt or $9.2m. ...
2011-09-16 07:31:23
Kawasaki boilers chosen for LNG-FPSO [Equipment]
Kawasaki Heavy Industries Thursday announced that it was awarded by Technip a contract for supplying 7 units of boilers for Shell’s floating LNG facility Prelude, the world’s first Floating LNG facility. The boilers to be supplied by Kawasaki ...
2011-09-16 06:48:57
FSES pens offshore vessels [Offshore]
Fujian SouthEast Shipyard (FSES) inked newbuilding orders for two 75M offshore support vessels and two 105M subsea support vessels from COASTAL. The shipowner has placed orders for a total of 49 offshore ships with a variety of sizes, 59M, 70M, 75...
2011-09-16 06:43:36
Manpower shrink [Shipbuilding]
According to the Korea Shipbuilders' Association (Koshipa)'s headcount survey of nine member shipbuilders, the total number of workers in the shipbuilding division, including subcontractor workers, turned out to be 96,720 people by the end of 2010, d...
2011-09-16 06:37:31
Hyundai-Samsung vie for FPSO [Offshore]
Hyundai Heavy Industries and Samsung Heavy Industries of South Korea clashed in a bid to win $2bn worth of Nigeria's Egina FPSO newbuilding order. Egina FPSO is ultra-large offshore plant, with over 2m-barrel of fuel capacity. The Egina oil field ...
2011-09-16 06:31:30
Hankuk Carbon-Samsung $75m deal [Equipment]
Hankuk Carbon of South Korea announced on Sep 15 that it signed a contract to supply ultralow-temperature insulated materials for LNG-carrier cargo hold amounting KRW 84.29bn ($75.38m) with Samsung Heavy Industries The contract covers 64.41% of Ha...
2011-09-15 14:55:09
Japan's new order troubled [General]
Japanese shipbuilding industry does not seem to pass through its depression in newbuilding order. According to report from Japan Ship Exporter’s Association, export ship newbuilding contract in August decreased by 74.4% to 346,300 GT of nine ves...
2011-09-15 12:51:34
Mitsubishi into European wind [Offshore]
Mitsubishi Heavy Industries of Japan penetrates wind-power generation market in Europe. Local media reported that Mitsubishi decided to start production of offshore wind turbine in Europe by 2015. Mitsubishi strategize to begin producing of core c...
2011-09-15 12:12:24
Korean ask for financing [Finance]
South Korean shipping players, troubled by European financial crisis and concerns for US double dip, ask government for emergency financing by purchasing 36 vessels amounting KRW 1.2trn ($1.1bn). Korea Asset Management Corporation (KAMCO) said tha...
2011-09-15 10:53:41
Japanese strategy for LNG carrier [Shipbuilding]
LNG-carrier market being in first uptrend in five years, about 40 of newbuilding orders have been revealed year-to-date, however, mostly inked by South Korean shipbuilders and hardly by Japan. Most new orders are speculative projects, looking for ...
2011-09-15 10:21:42
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