STX Future Institute Open [General]
South Korea's STX Group opened the STX Future Institute on May 23, which will establish a System Management to achieve the group's 'Vision 2020'. STX Group vice-chairman Shin Chul-sik was appointed the first head of the institute. The institute...
2011-05-23 14:46:20
Vantage issues $225m notes [Finance]
Vantage Drilling said Friday that its subsidiary, Offshore Group Investment, is planning to offer $225 million of senior secured first lien notes due in 2015. The notes will be an addition to a previous issue of $1 billion of first lien notes mad...
2011-05-23 07:58:44
Kleven profit hits record high [Finance]
Norwegian shipyard Kleven Maritime had a record year in 2010, posting pre-tax profit of NOK 117m ($21.2m). Contrary to other builders in the country, Kleven is doing more of the construction process in Norway. Managing director Staale Rasmuss...
2011-05-23 07:54:36
Hoegh LNG delays private placement [Finance]
Hoegh LNG has delayed a private placement after failing to receive the response it was after from investors. The company still plans to push ahead with a June listing on the Oslo stock exchange but has opted to postpone the private placement in f...
2011-05-23 07:51:25
Hellesoy wins PSVs [Offshore]
Norway's Hellesoy Shipyard has won a new contract for up to three large PSVs from a returning customer. Supply-ship owner Solvik Offshore, controlled by Tor Ostervold, has ordered one firm and two optional units on the VS-485 design, according to...
2011-05-23 07:47:44
Japanese lack "flexibility" [Equipment]
Shipowners calls on Japanese shipbuilders to be more flexible on specification changes. Cesare d’Amico, chief executive of Italy’s d’Amico Societa di Navagazione, said because shipowners often place orders years in advance, it was not unusua...
2011-05-23 07:44:53
Wartsila new workshop in Poland [Equipment]
Wärtsilä's new workshop in Gdansk, Poland strengthens its service offerings to local shipping customers and others visiting Poland. In addition to advanced engine service work, the new workshop will also provide fuel system overhauls and ov...
2011-05-23 07:39:02
Island Offshore buys Ulstein newbuild [Offshore]
Island Offshore, in which Edison Chouest is a partner, has purchased a newbuild SX 121 type construction vessel from shipbuilder Ulstein Verft. The vessel, the Karianne, was completed on time in the fourth quarter of 2010. It was originally contr...
2011-05-23 07:35:18
Stena enters LNG segment? [Shipping]
Sweden’s Stena Bulk has been named as the buyer of TMT’s three LNG carriers and is also linked to newbuildings. Stena Bulk is being tipped to enter the LNG sector after being named as the buyer for the three-ship LNG-carrier fleet controlled ...
2011-05-23 07:33:06
Korean eye lucrative orders [General]
Korean shipyards with global brand recognition seem to have played a major role in the country’s fast economic recovery over the past few years through and in the aftermath of the global financial crisis. Korea, home to the world’s three bigge...
2011-05-23 07:27:21
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