Vyborg to secure loan [Finance]
Russia’s Vyborg Shipyard is tapping Gazprombank for a loan worth RUB 4.7bn ($167.3m) after making a loss in 2010. Shareholders will vote on the borrowing plan on 30 June. Vyborg’s net loss last year was RUB 284.67m, against a net profit o...
2011-06-07 06:27:01
Japanese 'Steel Blow' [Equipment]
Japanese shipbuilders are taking a hit by the difference between steel plate prices offered by Japanese steel makers for domestic and foreign shipyards. According to local media report, Japanese steel plate prices for local yards are about $200 hi...
2011-06-07 06:24:24
Korean eye Brazilian yard & port [General]
The Korean fishing group Insung signed this week an letter of intent with a Brazilian consortium for the construction of a shipyard in the Rio Grande/Pelotas area, state of Rio Grande do Sul, which could cater to the Korean fishing vessels operating ...
2011-06-07 06:02:31
Keppel to deliver FPU to Petrobras [Offshore]
The first Floating Production Unit completely built in Brazil was christened at Keppel's BrasFELS shipyard in the presence of Brazilian President Dilma Rouseff on June 5, 2011. The consortium of Keppel Offshore & Marine Ltd (Keppel O&M) and Techn...
2011-06-07 05:56:14
SCF reveals LNG carrier order [Offshore]
Sovcomflot (SCF Group), the largest operator of ice-class LNG carriers, confirmed its global leadership position by placing orders for two ultramodern ice-class LNG-carriers, that will be used by Gazprom Global LNG Limited (GGLNG) for LNG transportat...
2011-06-07 05:50:31
Fincantieri calls off job-cuts plan [Shipbuilding]
The Italian government has U-turned on plans to cut almost a third of the workforce at state-owned Fincantieri, after sometimes violent mass protests staged by employees at Europe’s leading cruiseship builder in recent weeks. A statement from It...
2011-06-07 05:46:22
Turkish yards seek to survive [Shipbuilding]
Turkey’s shipbuilding sector could start to see bankruptcies as early as the second half of this year. Of the country’s 140 or so shipyards, only about half are still understood to be active. Turkish yards’ ability to compete is being und...
2011-06-07 05:40:21
Hyundai Mipo pens Scorpio PC's [Shipbuilding]
New York-listed shipowner Scorpio Tankers has formally signed a deal for five medium range product tanker newbuildings from a South Korean shipbuilder. The announcement confirms previous reports that Scorpio was to agree a deal with Hyundai Mipo D...
2011-06-07 05:35:02
Wartsila-Versa in fuel cell alliance [Equipment]
Wärtsilä has reached an agreement with Versa Power Systems (VPS), a leading developer of high-power solid oxide fuel cells (SOFC) to develop and integrate Versa Power's SOFC technology into Wärtsilä products. Based in Littleton, C...
2011-06-06 07:39:38
Asian yards switch to OSVs [Offshore]
More Asian yards can be expected to switch to building offshore vessels as other shipping markets continue to suffer. Speaking on the sidelines of a Marine Money conference in Oslo, Det Norske Veritas's operations chief Knut Ørbeck-Nilssen told ...
2011-06-06 07:35:07
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