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Hyundai & Daewoo eye NOL orders
[Shipbuilding]
South Korea's Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering may win large containership orders from Singapore’s Neptune Orient Line (NOL). The liner company is gearing up to spend more than $1.5bn on containership newbuil...
2011-05-27 11:56:50
Aker offloading systems for Brazil FPSOs
[Offshore]
Norway’s Aker Solutions has secured a pair of contracts worth a total of Nkr120 million ($22 million) to supply offloading systems for two FPSOs to be used off Brazil. The award on the under-construction P-58 and P-62 floaters follows up the co...
2011-05-27 08:03:16
Nam Cheong Singapore debut
[Finance]
Malaysia’s largest builder of offshore support vessels (OSV), Nam Cheong, makes its debut on the main board of the Singapore exchange today. The investor interest in the issue has been “overwhelming”, according Tony Lim, head of corporate fi...
2011-05-27 07:57:29
BDI up on capesize risings
[Shipping]
The Baltic Dry Index rose to a seven-week high of 1,467 Thursday, boosted in large part by a buoyant capesize market. Chinese demand for Brazilian iron ore rose and fewer ships in Europe and South America improved rates. Average capesize time char...
2011-05-27 07:45:09
Sevmash loses Odfjell case
[General]
Russia's Supreme Court has brought an end to Sevmash shipyard's attempt to avoid paying $50.5m in compensation to Odfjell of Norway. The court refused to review the appeal by the Russian shipbuilder against a previous ruling by the cassation cour...
2011-05-27 07:41:26
Russia-France Mistral deal imminent
[General]
Russian President Dmitry Medvedev and his French counterpart, Nicolas Sarkozy, agreed on Thursday that a contract on the purchase of four Mistral class helicopter carriers for Russia will be signed in 15 days. "We have reached a final agreement th...
2011-05-27 07:36:03
Oshima ECO-Ship 2020
[Shipbuilding]
Oshima Shipbuilding Co., Ltd. and DNV are pleased to announce the completion of the first milestone of a joint programme to develop the ECO-Ship 2020, a concept design for an open hatch bulk carrier (OHBC) developed to significantly lower fuel costs,...
2011-05-27 07:28:42
Gazprom builds $7bn LNG plant
[General]
A total of $7 billion will be invested by Gazprom and Japanese companies in a long-mooted LNG plant destined for Far Eastern Russia, Reuters reported Thursday. South Korea could also benefit from the plant which could be built near Vladivostok as...
2011-05-27 07:21:50
Daewoo Sale Postponed
[Finance]
The sale of Daewoo Shipbuilding & Marine Engineering's controlling stake, planned no later than this year, is being delayed again into next year. Public Funds Management Commission under Financial Services Commission held a meeting on Wednesday an...
2011-05-27 07:13:19
Drydocks inks platform order
[Offshore]
UAE yard group Drydocks World has bagged an order for an offshore barge from an Indian company. Drydocks also pledged that it will be in the hunt for more such contracts with the Indian market in particular in its sights. Mumbai-based Afcons ...
2011-05-27 07:00:58
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