Hyundai leads VLGC tender [Shipbuilding]
South Korean shipbuilder Hyundai Heavy Industries is the favourite to win a Pertamina VLGC newbuilding tender. Hyundai Heavy Industries is expected to be the frontrunner in a tender issued by Pertamina for an 84,000-cbm gas carrier. It would ...
2011-05-16 07:21:53
Stena turns to GSI for PCs [Shipping]
Stena Bulk says it is unhappy with Samsung Heavy Industries’s offer to build up to 10 handysize products tankers. The Gothenburg-based owner has instead turned to China for the 38,000-dwt ships and is expected to conclude a deal shortly with Gu...
2011-05-16 07:19:38
Atlantico Sul faces delays [Shipbuilding]
Brazil’s Estaleiro Atlantico Sul (EAS) has seen its president replaced amid delays to the first vessels to be delivered in the government’s $5bn tanker programme. President Angelo Bellelis was removed from his post because of dissatisfaction ...
2011-05-16 07:15:16
Hyundai order jackpot [Shipbuilding]
Hyundai Heavy Industries' workers are expected to spend summer holidays at the yard sites as the company has won a lot of new orders this year. From the beginning of the year the South Korean shipbuilder has secured much new orders for ships and o...
2011-05-16 07:04:36
PaxOcean builds world's largest liftboat [Offshore]
PaxOcean Engineering Zhoushan Co., Ltd. of Singapore, and The Levingston Corporation, Boerne, Texas, said that they have signed a Letter of Intent to build a Levingston designed 415WC (World Class) with an option for one additional similar vessel for...
2011-05-16 06:48:58
Boxships surpass 5,000 [Shipping]
The container shipping industry is used to heavy investment. In 1980 there were 600 containerships, in 1990 1,289, in 2000 2,624 and today there are 5,014 ships (compared with 5,543 tankers and 8,361 bulkers), Clarksons says. As the ships got big...
2011-05-16 06:42:16
Keppel inks rig quartet [Offshore]
Standard Drilling has confirmed an order for another four jack-up rigs at Singaporean shipbuilder Keppel Fels. The Oslo-listed player has firmed up contracts for the quartet for a combined $772 million, Keppel wrote in a statement. At $193.5 ...
2011-05-16 06:36:46
Dockwise eyes brighter future [Offshore]
Dutch heavylift and project cargo operator Dockwise has reported a first-quarter loss of $7.9m, but said its record backlog of orders will see it through what it termed a “subdued period”. The company saw revenues in the period decline 27% qua...
2011-05-16 06:33:20
Hyundai Mipo wins PCs [Shipbuilding]
Scorpio Tankers has unveiled its first newbuilding order as a public company, understood to be at Hyundai Mipo Dockyard in South Korea, for five medium-range product tankers at a total price of $185m. If three options attached to the order are con...
2011-05-16 06:30:43
Sasebo results rise [Finance]
Japanese shipbuilder Sasebo Heavy Industries has improved its annual result, but is more pessimistic about the current year. The yard said net earnings to 31 March were JPY 4.47bn ($55.37m), compared to JPY 3.73bn in the previous 12 months. R...
2011-05-16 06:26:00
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