NYK tests hybrid PCC [Equipment]
NYK Line's solar-power-assisted car carrier Auriga Leader (60,213 gross tons) will in June be used for shipboard tests of a newly developed hybrid power supply. The car carrier will also be fitted with a ballast-water management system and adapte...
2011-06-01 07:28:28
Golar converts 5th FSRU [Offshore]
Golar LNG Energy will convert another of its laid-up LNG carriers into a floating storage and regasification unit. The John Fredriksen-led company said the time was right to convert the 125,000-cbm Gimi (built 1976) which has been idle since Augu...
2011-06-01 07:22:26
Sinopacific “Upwind Sailing Strategy” [General]
Since 2008, the Chinese shipbuilding industry has experienced many ups and downs. The first was the big increase in shipbuilding steel material prices in 2008, with the prices at some steel producers reaching 10,000 RMB per ton, resulting in price in...
2011-06-01 07:18:32
Norden books STX MR resales [Shipbuilding]
Norden has taken over four distressed newbuilding contracts at STX Offshore & Shipbuilding of South Korea in a bid to boost its fleet of product tankers. The Danish tanker and bulker owner says it expects the 49,000-dwt vessels to hit the water i...
2011-06-01 07:14:14
Samsung seals LNG-FPSO [Offshore]
South Korea's Samsung Heavy Industries said on Tuesday that it has signed a $3.026bn order for LNG-FPSO for Royal Dutch Shell after receiving a Notice to Proceed (NTP) with construction of the facility from the oil major. The contract for an LNG f...
2011-06-01 06:59:18
GSI pens LOI for heavylifter [Offshore]
China's Guangzhou Shipyard International has inked a letter of intent (LOI) with Dutch firm Fairstar Heavy Transport to build a 50,000-dwt semi-submersible heavylift carrier. The shipyard also signed two same type vessels for the same shipowner la...
2011-05-31 12:39:36
STX O&S rises in Q1 [Finance]
South Korea's STX Offshore & Shipbuilding announced on Monday that its revenue and operating profit was KRW 944bn ($876m) and KRW 41bn respectively for the first quarter 2011, on K-IFRS stand-alone basis. The figures rose 30% and 5% each from the ...
2011-05-31 12:33:20
Hyundai Q1 consolidated results jump [Finance]
Hyundai Heavy Industries revealed IFRS-applied consolidated results for the first quarter 2011 on Monday. According to the filing to the stock exchange, HHI's Q1 revenue was KRW 12.7trn ($11.78bn), up 70% against a year earlier, operating profit w...
2011-05-31 12:22:20
Capes scrapping to reach 100 [General]
An Oslo-based shipbroker says there is potential for up to 100 capesize bulkers to be sold this year if the current frequency of scraping is kept up. Lorentzen & Stemoco says that up to forty capesize bulkers have already gone to the breakers yar...
2011-05-31 08:04:15
Pipavav inks $665m order [General]
India's Pipavav Shipyard sealed a huge newbuilding order with the Indian navy and then said its full year results had leapt from red to black. Pipavav will build five gunboats for just under INR 3bn ($665m), marking the company’s entry into mil...
2011-05-31 07:49:25
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