Pinky wins OSV trio [General]
India’s Pinky Shipyard has won an order for three newbuildings from Great Offshore on Wednesday. The owner said its board had approved contracts for the trio of offshore support vessels for delivery during 2013. Great Offshore’s only other...
2011-06-23 06:40:15
Hanjin eyes 'Order Blitz' [Shipbuilding]
South Korea's Hanjin Heavy Industries & Construction, which is facing six-month-long severe labor-management conflict at its Youngdo Shipyard, is expected to finalize the restructuring procedure sooner or later and give rebirth to the yard by resumin...
2011-06-22 12:33:32
Pipavav names first Pax. [Shipbuilding]
India’s Pipavav Shipyard has named its first panamax bulkers following lengthy delays in new yard construction. The two 75,000-dwt vessels were booked by Norway’s Golden Ocean, which has kept faith with the yard during its problematic constru...
2011-06-22 08:35:09
MR tanker values surge [Shipping]
The value of modern medium-range product tankers has broken above $29m for the first time in two years. Since the start of the year the value of five-year-old 45,000 dwt product tankers has risen $4m, according to weekly average price assessments ...
2011-06-22 08:29:33
Tanker orders restrained [Shipping]
Tsakos Energy Navigation believes owners will show more restrain with their newbuilding activities in the tanker sector. George Saroglou, chief operating officer at the New York-listed company, says owners will not pile in with fresh orders. ...
2011-06-22 08:25:06
Offshore & Boxship lead orders [Offshore]
Although newbuilding orders have been on the downslide in the past few weeks, activity is still pretty healthy in offshore and containership sectors. According to the latest weekly report from Golden Destiny, “orders continued to dwindle as the ...
2011-06-22 08:22:08
Pemex needs new drilling platforms [Offshore]
Mexico's state oil monopoly Pemex said it will acquire eight new offshore oil drilling platforms and other equipment worth $1.2 billion to expand production in the Gulf of Mexico. Pemex said in a statement seven of the platforms, which will be us...
2011-06-22 08:14:29
Bergen secures rig deal [Offshore]
Bergen Group has won a contract for work on a drilling rig at its Hanoytangen shipyard this summer. The Oslo-listed shipbuilder said its Hanoytangen subsidiary has been subcontracted by Semco Maritime to upgrade a Transocean rig. Work on the ...
2011-06-22 08:11:20
DryShips wins drillship cash [Finance]
George Economou’s DryShips has secured amendments to a $495m loan facility that will allow it to cover the remaining costs of a drillship under construction at Samsung Heavy Industries in South Korea. The Nasdaq-listed owner says the newbuilding...
2011-06-22 08:08:36
DNV secures energy efficiency contracts [General]
Russian oil company TNK-BP recently gave the green light for two energy efficiency contracts with DNV’s climate change and environmental services unit in Moscow. The contracts represent a landmark advancement in the development of DNV’s energy ef...
2011-06-22 07:58:12
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