Otto AHTS cancelled again [Equipment]
Norway’s Mosvold Supply has cancelled a second anchor handler newbuilding from Otto Marine after the Singapore-based builder failed to deliver the vessel on time. The 300-tbp ship was due to be handed over by the end of last June but the contra...
2011-05-31 07:44:46
UASC wins further ship finance [Finance]
A $205m term loan has been agreed by United Arab Shipping Co (UASC) to help finance two of a series of nine post-panamax containerships ordered from Samsung Heavy Industies. The first of the 13,100-teu vessels the Umm Salal was delivered earlier ...
2011-05-31 07:40:48
NASSCO gets $744m MLP order [General]
General Dynamics NASSCO shipyard in San Diego has received a $744 million modification to its Navy contract for the Mobile Landing Platform (MLP) to fully fund construction of the first two ships of the new ship class. Construction of the first s...
2011-05-31 07:37:18
More Chinese to see losses [Shipbuilding]
More shipbuilders in China may see losses this year, because of rising labor and raw material costs and effect of the changes in foreign exchange rates, according to the latest report released by the China Association of the National Shipbuilding Ind...
2011-05-31 07:34:27
Shell FLNG into construction [Offshore]
Shell Development (Australia) Pty Ltd (Shell) has given notice Monday to a Technip Samsung Consortium (TSC) to proceed with the construction of the first floating liquefied natural gas (FLNG) facility in the world. TSC will provide engineering, p...
2011-05-31 07:30:56
Aker wins rig equip deal [Equipment]
Norway's Aker Solutions said Monday it has won contracts to supply complete drilling equipment packages for two new deepwater drilling rigs being built by China’s Cosco shipyard. The combined value of the contracts is $195 million, and includes opt...
2011-05-31 07:27:07
Cosco $1bn rig orders 'effective' [Finance]
Norway's Sevan Drilling has firmed up an order with China’s Cosco Shipyard to build two cylindrical ultra-deepwater drilling rigs valued at $525 million each. The award comes following a letter of intent signed in March for the rigs that will b...
2011-05-31 07:23:42
PNG FLNG moving on with DSME [Offshore]
Petromin PNG Holdings Limited, Höegh LNG Limited and DSME E&R Limited have signed a firm agreement establishing a new company 'PNG Floating LNG Limited', which is the holding company for the Partners’ LNG-FPSO project in Papua New Guinea. ...
2011-05-31 07:11:20
Rongsheng lands 14 Pax. [Shipbuilding]
Jiangsu Rongsheng Heavy Industries has bagged orders for 14 panamax-bulker newbuildings worth close to $500m. Shipbuilding players say a Greek and a domestic owner are behind the orders. State-backed China Ship Fund and Golden Union of Greece are...
2011-05-31 06:52:43
Drillship Orders Continue [Offshore]
The speculative rush to build ultra-deepwater drillships is likely to slow down in the short-term market, but in the long run, drillship orders would go on steadily. The fast pace of ultra-deepwater drillship orders has been flagged by some offsho...
2011-05-31 06:48:39
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