Odfjell delays IPO & drillship orders [Finance]
Norwegian rig owner Odfjell Offshore has halted plans to list on the Oslo Bors citing a “weak stock market” for its decision. “We have decided to wait with the initial public offering,” company chairman Simen Lieungh said. “Right now ...
2011-05-20 06:42:29
GSI agrees to delay PC delivery [Shipping]
Torm has delayed the delivery of two products tanker newbuildings at Guangzhou Shipyard International by a combined total of three years. Boss Jacob Meldgaard explains the pact was struck with the Chinese yard in order to make the shipowner “mo...
2011-05-20 06:38:52
STX OSV inks PSV pair [Offshore]
STX OSV won an additional orders for two PSV's from Farstad Shipping. Farstad Shipping has added two more platform supply vessels to its newbuilding tally at STX OSV. It will shell out an additional NOK 600m ($108m) to take up options on the p...
2011-05-20 06:35:05
Hyundai pens 7th drillship [Offshore]
Hyundai Heavy Industries won its 7th drillship newbuilding order this year. Diamond Offshore Drilling has exercised a third option for a new ultra-deepwater drillship at the South Korean shipbuilder. The newbuild contract is worth $610 million ...
2011-05-20 06:31:09
STX delivers first drillship [Offshore]
STX Offshore & Shipbuilding held a delivery ceremony for its first built drillship. The South Korean shipbuilder held a hand-over ceremony at its STX Dalian Shipbuilding & Offshore Complex in China on May 18 for the drillship 'Noble Globe Trotter'...
2011-05-19 12:21:51
Daewoo-MAN roll out Green engine [Equipment]
South Korea's Daewoo Shipbuilding & Marine Engineering has completed development of an eco-friendly LNG-fueled ship propulsion system together with MAN Diesel & Turbo and held a demonstration event in Copenhagen, Denmark on May 18th. In the demons...
2011-05-19 10:21:50
Soros grabs LNG stakes [Finance]
Billionaire George Soros has emerged as a leading shareholder in John Fredriksen’s new LNG shipowning company, Golar Partners. Soros Fund Management has snapped up 1.175 million shares in the Nasdaq-listed firm, according to a filing with the S...
2011-05-19 08:17:25
Ukraine seeks shipbuilding revival [General]
Ukrainian President Viktor Yanukovych says that Ukraine is serious about reviving and further developing of its shipbuilding industry in the Mykolaiv region. President Viktor Yanukovych made the commitment in a visit to the Chernomorsky Shipyard ...
2011-05-19 07:53:38
Bollinger inks tank barge [Shipbuilding]
Bollinger Marine Fabricators, L.L.C., Amelia, La., recently signed a contract with Bouchard Transportation Co., Inc., Melville, N.Y., to build a 55,000 bbl OPA 90-compliant tank barge, according to an announcement by Chris Bollinger, Bollinger execut...
2011-05-19 07:50:06
Cargotec bags electric crane orders [Equipment]
Shanghai Cargotec has bagged an order for 21 variable frequency drive (VFD) electric cranes to be installed on vessels being built in China. The cranes will be installed on seven 28,000 dwt multi-purpose vessels being built at Huanghai Shipbuildi...
2011-05-19 07:48:15
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