Boxship overcapacity worried [Shipbuilding]
The significant increase in containership newbuilding orders has brought overcapacity fears back to the market. With most of the building slots for 2011 and 2012 almost fully booked, owners would turn to 2013 slots, said analyst Alphaliner. ...
2011-05-26 07:49:11
Fincantieri under restructuring [General]
Clashes broke out in Italy between workers and police after Fincantieri announced two shipyard closures. Riot officers with teargas fought back protesters outside government offices in Sestri on Tuesday. Two workers were reported injured as t...
2011-05-26 07:36:56
Hellesoy wins another PSV [Offshore]
Vestland Offshore of Norway has returned to compatriot Hellesoy Verft for a new supply ship. Wartsila of Finland is providing the design and equipment for the VS 485 Mk III vessel, which it claims will be “one of the most cost and fuel-efficien...
2011-05-26 07:32:28
Croatian Register joins IACS [General]
The Croatian Register of Shipping joined the International Association of Classification Societies (IACS). The move is the first of its kind since a European Commission competition investigation into IACS forced the association to open its doors ...
2011-05-26 07:29:34
Interest in OSV rises [Equipment]
A rising oil price is drawing investors back to the offshore support vessel sector, RS Platou Finans says. In May the company teamed up with shipowner Eivind Astrup in an offshore asset play project involving two platform supply vessel (PSV) newb...
2011-05-26 07:25:59
Hyundai selects Converteam electrical systems [Equipment]
Power conversion specialist Converteam says it has been selected by Hyundai Heavy Industries (HHI) for design and supply of high efficiency electrical systems for three newbuild ultra-deepwater drillships for Noble Corporation. The Hyundai Gusto P...
2011-05-26 07:19:02
Samsung creates LNG-FPSO [Offshore]
As Royal Dutch Shell makes final investment decision on the world's first LNG-FPSO, South Korea's Samsung Heavy Industries embarked on the construction of the facility in earnest. The Prelude FLNG is the largest of its kind and is to start produci...
2011-05-26 07:14:00
Hanjin receives 2nd VLOC [Shipping]
Hanjin Shipping announced Wednesday that it received its second very large ore carrier. Named “Hanjin Brazil”, it is the company’s second Very Large Ore Carrier (VLOC) of 300,000 ton-class. The ship is also under long-term contract with ...
2011-05-26 07:00:38
25% of bulker backlog to slip [Shipping]
Around 25% of the 250m dwt dry bulk orderbook is still made up of “phantom orders” that had “slipped out of the back door” and will never be delivered, according to a leading Norwegian broker. Of the current orderbook scheduled for deliver...
2011-05-26 06:57:45
Brazil to triple vessels [Shipbuilding]
Brazil seeks to triple the number of ships and deepwater drilling rigs it needs to meet its ambitious oil and gas production targets set for 2020. Dismissing widespread concern about structural overcapacity in the tanker sector, Petrobras chief ex...
2011-05-26 06:49:33
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