Pipavav owner eyes IPO [Finance]
India's SKIL Infrastructure, the owner of Pipavav Shipyard, is lining up a share float worth up to INR 11.25bn ($251.8m). It is also considering raising up to INR 2.25bn in a pre-IPO placement with certain investors, it said in a draft prospectus...
2011-06-09 07:49:26
SCI plans fleet cull [Shipping]
Shipping Corp of India (SCI) will offload two old vessels this year as it revamps its fleet. The company will sell a 25-year-old bulker and a 20-year-old single-hulled tanker. Another 12 ships from the existing fleet of 79 will be evaluated for p...
2011-06-09 07:47:15
Worries over PC order resumption [Shipbuilding]
Cash-rich owners are starting to jump on depressed newbuilding prices in the product carrier market. A new products tanker in South Korea today has a price tag 30% below the 2008 peak, Poten & Partners says. “To a cash-rich owner in a bad ma...
2011-06-09 07:43:41
Samsung order vitality continues [Offshore]
Samsung Heavy Industries may post lower business results from the second half of the year but its order intake momentum is expected to continue into next year. Analyst Lee Sang-woo at Taurus Investment & Securities said, "Samsung would post decrea...
2011-06-09 07:35:29
Petrobras confident in drillship orders [Equipment]
Brazilian state-owned oil company Petrobras expects 28 ultra-deepwater drillships being built by local shipyards to be delivered on time, its chief executive said, despite delays in the bidding last year. Petrobras is commissioning deep-water dri...
2011-06-09 07:21:55
Boxship slippage rates falling [Shipbuilding]
Late deliveries of containership newbuildings will decrease compared to the past three years. That is the view of consultancy firm Alphaliner in a market commentary which concludes that slippage rates are set to decline after the high levels seen...
2011-06-09 07:14:58
European yards rely on cruiseships [Shipbuilding]
Cruiseship construction remains the one buoyant sector of Europe’s shipbuilding industry. Latest statistics will be released next week when the European Cruise Council holds its annual conference in Brussels. The organisation will publish it...
2011-06-09 07:06:57
Daewoo cruises on LNG boom [Offshore]
Daewoo Shipbuilding & Marine Engineering is forecast to continue to win high-value newbuilding orders in the following years. Seo Jeong-deok, an analyst at MERITZ Securities, said, "Newbuilding orders for ultra-large containerships, LNG-related of...
2011-06-08 12:26:12
Nordic Yards busy for Norilsk [General]
Now fitting out alongside at Nordic Yards' Wismar, Germany, shipyard, is an ice class tanker that Moscow headquartered MMC Norilsk Nickel will use in Northern Sea Route transportation. Execution of this project will allow the year-round supply of...
2011-06-08 08:06:05
CSIC in private placement [Finance]
China Shipbuilding Industry Co plans to raise as much as 11.5 billion yuan ($1.8 billion) in a private placement of as many as 962 million shares for at least 11.96 yuan each. Of the 11.5 billion yuan to be raised, 3.62 billion yuan will be spent...
2011-06-08 08:02:28
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