Jinhai pens kamsarmaxes [Shipbuilding]
China's Jinhai Heavy Industry has won an order for 1+1 kamsarmax bulk carriers. Singapore's Wilmar International booked the 81,500-dwt ships late last month. It is just one month after it clinched 2+2 VLCC order despite a severe slump in new or...
2011-05-23 07:15:30
Big3 Q1 results favorable [Finance]
Shipbuilding Big 3 announced positive operating results for the first quarter of 2011 on the back of smooth new order intake. Samsung Heavy Industries posted 17% increased (y-o-y) operating profit of KRW 378.7bn ($350m) for Q1. Net profit jumped 2...
2011-05-23 07:06:02
Tsuneishi wins 3 kamsarmaxes [Shipbuilding]
Japan’s Tsuneishi Shipbuilding has secured an order for three kamsarmaxes from Singapore-based United Ocean group last week, bringing this year’s orders to date to seven, with another order for three kamsarmaxes expected to be agreed in June, acc...
2011-05-23 06:50:02
CSBC finalizes 10 8,000TEU's [Shipbuilding]
Evergreen Marine has finalised its latest massive newbuilding deal at CSBC in Taiwan. The Taiwanese line said the 10 8,000-teu containerships will cost $1.03bn in total. Delivery is expected to start in the third quarter of 2013 or earlier, C...
2011-05-23 06:45:06
Shell makes FID on FLNG [Offshore]
Shell announces final investment decision (FID) on Prelude Floating LNG project in Australia. The Board of Royal Dutch Shell plc (Shell) has taken the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Austr...
2011-05-23 06:42:13
STX wins MR PC pair? [General]
Thenamaris of Greece is said to have booked two firm medium-range (MR) products tankers at South Korea's STX Offshore & Shipbuilding and two options. The firm pair is said to be for 2012 delivery. A spokesperson for Thenamaris, however, claims th...
2011-05-20 13:00:06
Sungdong wins kamsarmax [Shipping]
Greece's Kyla Shipping has booked a kamsarmax newbuilding at South Korea's Sungdong Shipbuilding & Marine Engineering. Commercial officer Yannis Niotis confirms the company has contracted an 82,000-dwt vessel at the South Korean shipbuilder. It...
2011-05-20 12:53:42
Sinopacific floats 600K VLOC concept [Shipbuilding]
A massive 600,000-dwt very large ore carrier is on the drawing board of a Chinese shipyard but the challenge is to get ports ready to accommodate such a behemoth. Engineers at Sinopacific Shipbuilding Group are studying how the 600K ship could be...
2011-05-20 12:41:06
Samsung operating profit up 17% [Finance]
Samsung Heavy Industries announced on May 20 that its first quarter operating profit jumped 17% on the same period of last year, to reach KRW 378.7bn ($350m). Revenue also rose 5.3% to KRW 3.5trn for the first three months of the year and net prof...
2011-05-20 11:56:33
ECO expands newbuilding plan [General]
Privately held Edison Chouest Offshore (ECO), Galliano, La., announced plans to design and construct eight new 280 ft deepwater platform supply vessels, increasing its current newbuilding plans to a total of 33 vessels. “Since 2003, the core of ...
2011-05-20 07:52:51
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