STX into Russian LNG market [Shipbuilding]
STX Group chairman Kang Duk-soo participated in the St. Petersburg International Economic Forum and signed a contract to build LNG carriers for Sovcomflot on June 17th. South Korea's STX Offshore & Shipbuilding announced early this month that it i...
2011-06-20 11:42:19
Havyard signs PSVs [Offshore]
Norway's Havyard Ship Technology AS has signed a contract with Sartor Offshore AS for the delivery of a Havyard 832 L platform supply vessel with option for an additional ship. The ship will be built at Havyard Ship Technology's yard in Leirvik i...
2011-06-20 08:07:04
Tankers rising with few orders [Shipping]
Asian shipyards filling to capacity with boxship and LNG carrier newbuilding contracts, coupled with tanker owners exercising restraint in ordering this year, are set to halt the crippling effects of tanker oversupply and create a better balanced tan...
2011-06-20 08:01:43
Davie wins vital ferry order [Finance]
Canada’s Davie Shipyards is being handed a vital ferry order by the government of Quebec. The shipbuilder, which filed for bankruptcy in 2010, will build two passenger vessels for the Tadoussac-Baie-Sainte-Catherine service in a move designed t...
2011-06-20 07:54:41
Hoegh wins Indonesian FSRU [Offshore]
Hoegh LNG has beaten off stiff competition to win a deal for a floating LNG unit in Indonesia. The company has been chosen as the preferred bidder to supply a floating storage and regasification ship and related infrastructure for the Medan LNG p...
2011-06-20 07:51:05
Hyundai sales up 5.7% in May [Finance]
Hyundai Heavy Industries announced on 17th it has achieved revenue of KRW 1.889trn ($1.74bn) in May, up 5.7% on a year ago. Accumulated revenue in the first five months of the year hit KRW 10.183trn, up 17% against a year ago. The South Korean ...
2011-06-20 07:45:46
Sungdong scores 3,600TEU's [Shipbuilding]
Sungdong Shipbuilding & Marine Engineering has formally signed an order for four 3,600-teu containerships from Zodiac Maritime of the UK. They are set for delivery in 2013 but newbuilding values are yet to be revealed. But industry sources reck...
2011-06-20 07:39:23
Samsung to Ink Cruiseship [Offshore]
Samsung Heavy Industries is just around the corner for $1.1bn epoch-making cruiseship order. President Roh In-sik of the South Korean major shipbuilder said last Friday, "Early next week we will be announcing a final contract with Utopia to build ...
2011-06-20 07:26:40
Mitsubishi cutting workforce [General]
Mitsubishi Heavy Industries says it is expecting to reduce staff by 1,400 in the next four years in a move that follows an earlier decision to pull out of merchant shipbuilding at its Kobe shipyard. The yard told local press that by 2015 the amou...
2011-06-20 07:14:20
Brass LNG resumes newbuild talk [Offshore]
Brass LNG Project has resumed talks with shipbuilders as delays to the project lengthen. Industry sources say clarification meetings on bids made by yards on up to 14 LNG-carrier newbuildings to serve the two-train, 10-million-tonne-per-annum (mt...
2011-06-20 07:10:58
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