Singaporean await $4.5bn rig orders [Offshore]
Credit Suisse says that Singapore’s rig builders are set to keep winning rig orders in 2011, with most existing rig options likely to be exercised and some capacity still available for new orders. “This is driven by utilisation rates of high-s...
2011-06-23 07:55:57
CSIC gets OK on stake acquisition [Equipment]
China Shipbuilding Industry Co, a major producer of large marine diesel engines, said it won approval from the State-owned Assets Supervision and Administration Commission to acquire stakes in seven subsidiaries belonging to its parent, China Shipbui...
2011-06-23 07:51:05
Japanese test SCR NOx removal onboard [Equipment]
NYK Line, Oshima Shipbuilding, Mitsubishi Heavy Industries, Akasaka Diesels and Sakai Chemical Industry are to begin shipboard tests of selective catalytic reduction (SCR) nitrogen oxide (NOx) removal equipment installed on NYK Line’s new coal carr...
2011-06-23 07:46:07
Bulker deliveries rise to record [Shipping]
Deliveries of bulker newbuildings rose to a record, helping to cut transportation costs for cargoes including coal, iron ore and grains, Clarkson Research Services said. In the first five months of the year 429 vessels began trading, up from 388 a...
2011-06-23 07:36:02
Korean dominate high-value [Shipbuilding]
Chinese shipyards took the first place by new ship orders last year by winning massive orders for ordinary commercial ships while newbuilding prices fell greatly, but this year South Korean rivals are leading the newbuilding market by winning high va...
2011-06-23 07:26:52
Khulna secures tanker orders [Shipbuilding]
Bangladesh’s Khulna Shipyard has won contracts to build two oil tankers. The vessels have been ordered by domestic owners United Shipping Line and Global International. The contracts have been signed on June 19. The two oil tankers will be...
2011-06-23 07:13:09
STX OSV inks AHTS duo [Offshore]
STX OSV has penned an order for two Anchor Handling / Offshore Service vessels (AHTS) from Norway’s Farstad Shipping for about NOK 1.2bn ($219m). The 24,000-bhp UT 731 CD-type vessels are designed by Rolls Royce Marine and have a bollard pull o...
2011-06-23 07:04:57
Hyundai confident in options [Offshore]
South Korea’s Hyundai Heavy Industries (HHI) is forecasting a tailing off of ship orders in the second half, but remains confident of more drillship orders. Talks are ongoing with customers over options to build three more drillships and two mor...
2011-06-23 07:00:10
OSX wins new yard loan [Finance]
OSX Brasil has won a loan of up to BRL 2.7bn ($1.7bn) from the Brazilian government to build its new large shipyard, which is being billed as the largest shipyard in the Americas. The group, controlled by billionaire Eike Batista, will now be able to...
2011-06-23 06:53:38
STX cancels Libya’s cruiseship [Shipbuilding]
South Korean-controlled STX France blamed default of payment from state-owned General National Maritime Transport Company (GNMTC). STX France has cancelled a contract with Libya’s state-owned GNMTC for the construction of a 140,000 gt cruiseship...
2011-06-23 06:45:56
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