Keppel pens semi-sub tender rig [Offshore]
Seadrill has inked an order at Keppel FELS in Singapore to build a semi-submersible tender rig. Oslo and New York-listed Seadrill will pay $142m for the self-erecting rig which will be delivered in the second quarter of 2013. The unit is simi...
2011-06-10 06:37:38
Austal wins ferry [General]
Australian shipbuilder Austal has clinched a deal to construct a new aluminium passengership. The company's Henderson plant south of Perth will build the 41-metre vessel. Delivery is scheduled for the second quarter of 2012. A confidentia...
2011-06-10 06:33:13
Yangzijiang inks 10,000TEU's [Shipbuilding]
New York-listed Seaspan has signed a deal with Chinese shipyards for seven 10,000 teu containerhips with options for 18 more that would make the total contract worth $2.5bn. The price for each vessel is in the region of $100m. The order is bei...
2011-06-10 06:31:13
Hyundai tests 'tidal currents power' [Offshore]
Hyundai Heavy Industries is beefing up its green energy business portfolio by entering tidal currents power sector following solar and wind power arenas. The South Korean shipbuilding and heavy industries company announced on June 9th that it has ...
2011-06-09 12:06:41
Hyundai Drillship Dash [Offshore]
South Korean shipbuilders dominate global ultra-deepwater drillship newbuilding market with Hyundai Heavy Industries dashing into the booming sector in earnest. The competition in the market for drillships is heating up with Hyundai threatening Sa...
2011-06-09 08:24:29
RS classes semi-sub drilling units [Offshore]
Russian Maritime Register of Shipping (RS) has issued classification documents for semi-submersible mobile offshore drilling unit (MODU) Northern Lights, thus signifying completion of the construction to the RS class of two semi-submersible MODUs (pr...
2011-06-09 08:14:22
DNV new bulker concepts [Equipment]
DNV has released details of two new bulk carrier design concepts, for a VLOC and an open-hatch handysize, which owners could use as the basis for selecting innovative features that they could incorporate into new vessels. This is especially signif...
2011-06-09 08:08:41
Korea Line rehabilitation coming [Shipping]
Korea Line Corp shares sparked into life yesterday amid hope the company's restructuring plan will get a green light next month. The embattled bulker owner was placed into receivership in February a couple of weeks after filing for court protecti...
2011-06-09 08:01:35
Panamax prices falling further [Shipping]
Panamax newbuilding prices could fall further 10% in the next 18 months before bottoming out, says Maritime Strategies International. Adam Kent, a director at the freight forecaster, believes a new panamax will cost just $30m by the close of 2012...
2011-06-09 07:56:54
STX shifts newbuilds to SPCs [Finance]
Singapore and Seoul-listed STX Pan Ocean has set up special purpose companies to take care of the financing of three unidentified newbuildings on order, it said in a statement. It has guaranteed $91.3m to the trio but is remaining tight-lipped ab...
2011-06-09 07:53:56
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