UCL builds 15 PC's [Shipping]
Dutch-based Universal Cargo Logistics Holding (UCL Holding) is planning to invest RUB 8.6bn ($291m) to build a series of 15 oil product carriers under the RST27 project through its majority-owned unit Volga-Balt Transport Holding (VBTH). The vesse...
2011-09-14 07:29:57
Newbuilding still “quiet” [Shipbuilding]
With the current orderbook for most ship types far exceeding demand, ordering activity has been quite modest during these past few weeks. According to the latest report from Clarksons, “with everyone now back from their summer holidays, the mark...
2011-09-14 07:27:22
China builds 1st cruiseship [Shipbuilding]
Shan-Hai-Shu Group and Xiamen International Cruise signed an agreement to build China's first self-built 100,000-gt cruiseship in Xiamen on September 7. They intend to name it " China Xiamen", reports Xiamen Economic Daily. The agreement also ...
2011-09-14 07:16:38
Essar plans $1bn spree [Finance]
Essar Shipping plans to spend $1bn in the next two years to acquire new assets as it sees ‘tremendous’ growth opportunities. The company also hopes to return to the bourses in a few weeks, its managing director AR Ramakrishnan said. The c...
2011-09-14 07:12:27
Sungdong expands AVEVA [Equipment]
AVEVA announced Monday that Sungdong Shipbuilding & Marine Engineering in South Korea has extended its contract for the use of AVEVA Marine to drive the design of commercial vessels. The new licenses will be used throughout its four shipyards in ...
2011-09-14 07:09:51
Technip ramp up subsea [Offshore]
Technip announced an agreement to acquire the entire share capital of Global Industries and reinforce its leadership in the fast-growing subsea segment of oil services. The two companies have entered into a definitive merger agreement whereby Tec...
2011-09-14 07:06:08
Keppel wins largest floating crane [Offshore]
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary, Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) in China has secured a contract worth S$143 million to build a heavy lift sheerleg crane vessel for Asian Lift Pte Ltd (A...
2011-09-14 07:02:25
Maersk game-changer [Shipping]
Maersk Line overhauls its Asia-Europe service in a move it claims will change liner shipping forever. Its new initiative, Daily Maersk, launched in lavish style in London, will offer customers daily cut-off times amid a promise of absolute reliab...
2011-09-14 06:59:20
JES new CFO [Finance]
JES International Holdings appointed a new Chief Financial Officer. The Singapore–listed shipbuilding company named Patrick Kan Wei Shu to replace Tan Soh Ling who left the company last week after less than six months in the job. The 35...
2011-09-14 06:54:52
HMD inks Ro-Ro boxship [Shipbuilding]
The National Shipping Co of Saudi Arabia has exercised options for two more specialised general cargoships at Hyundai Mipo Dockyard. It brings the total number of firm vessels under construction at the Korean yard to six. In March 2011, NSCSA ...
2011-09-14 06:49:04
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