Canadian pursue $35bn orders [Shipbuilding]
Two bidders for Canada’s $35bn government newbuilding program want the deadline extended. Davie Yards and Seaway Marine have pleaded for more time to get their bids in. The July 7th deadline is looming, but the pair want until September 12t...
2011-06-28 07:54:36
CSSC inks eight bulkers [Shipbuilding]
CSSC-affiliated Guangzhou Shipyard International (GSI) and Guangzhou Zhongchuan Huangpu Shipyard have won an order for a total of eight bulkers from COSCO subsidiary Shenzhen Yunshu. The eight-ship newbuilding orders are the first of COSCO's broad...
2011-06-28 07:41:31
Drillship market bisected [Offshore]
South Korea's Hyundai Heavy Industries emerged as a new player in the drillship newbuilding market and the market is in effect bisected by Hyundai and existing drillship heavyweight Samsung Heavy Industries. Hyundai has won nine drillship newbuild...
2011-06-28 07:32:40
Maersk stops at 20 18,000TEU's [Shipping]
Denmark’s Maersk Line does not intend to declare its second option for 10 18,000-teu ships in its series of huge newbuildings at Daewoo Shipbuilding & Marine Engineering in South Korea. The company signed up for another 10 18,000–teu gian...
2011-06-28 07:16:36
OSX starts building Acu Shipyard [General]
OSX Brasil will start building “the largest shipyard in the Americas” next month after the company got the green light from environmental officials. The installation licence from the Environmental State Institute, granted last Wednesday but o...
2011-06-28 07:11:21
FMC wins Shell's subsea order [Offshore]
US production giant FMC Technologies has won a massive deal to supply subsea services for Shell’s Prelude floating liquefied natural gas project in Australia. The Houston-based player had been chasing the milestone contract for much of this yea...
2011-06-28 07:06:35
Mitsubishi wins 8,600TEU's [Shipbuilding]
Japan’s Mitsui OSK Lines has signed a three-year charter agreement for five 14,000 teu containerships with Singapore’s Neptune Orient Lines and placed an order for two newbuilding 8,600 teu containerships with compatriot shipbuilder Mitsubishi He...
2011-06-28 07:00:05
Hoegh LNG cuts IPO [Finance]
Norway's gas carrier owner Hoegh LNG has cut $25m from its Oslo IPO and priced it low due to tricky financial markets. It said: “Given the prevailing market conditions, the company has decided to downscale the offering.” It will now look ...
2011-06-28 06:54:20
DryShips enters LNG? [Shipping]
Delays in the US Securities and Exchange Commission’s review process have forced George Economou’s DryShips to push back the public listing of drilling affiliate Ocean Rig, according to an analyst at Wells Fargo Securities. Michael Webber, who me...
2011-06-28 06:51:19
Tsuneishi converts tankers into MCVs [Offshore]
Malaysian tanker owner AET is to convert two aframax newbuildings into modular capture vessels (MCVs) after securing a 20-year contract with the Marine Well Containment Company (MWCC) of the US. AET says the 107,000-dwt vessels will be modified a...
2011-06-28 06:44:43
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