Sungdong pens five 8,800TEU's [Shipbuilding]
Greece's Costamare has returned to Sungdong Shipbuilding & Marine Engineering of South Korea with an order for five post-panamax containerships worth approximately $475m. The New York-listed boxship owner says it expects the 8,800-teu newbuilding...
2011-05-11 07:55:44
Daewoo wins 4th drillship [Offshore]
Daewoo Shipbuilding & Marine Engineering announced today that it has won an order for a deep-water drillship from Vantage Drilling of the US. On May 9th, DSME president Nam Sang-tae and Vantage ceo Paul A. Bragg inked the contract in Houston. ...
2011-05-11 07:40:13
Hyundai-built drillships fixed [Shipping]
Petrobras has awarded Odfjell Drilling and Metrostar a long-term charter contract worth over $500 million for a drillship newbuilding. The Deepsea Metro II will head to Brazil at the end of the year once it is delivered from South Korea's Hyundai...
2011-05-11 07:22:10
Sembcorp backlog tops S$5.2bn [Finance]
Sembcorp Marine reported a modest increase in first quarter profit Monday while issuing a positive outlook for the year ahead. The Singapore-listed shipbuilding and offshore engineering group pocketed SGD 151m in the first three months of 2011, u...
2011-05-11 07:18:52
Namura hikes profit forecast [Finance]
Japan’s Namura Shipbuilding has edged up its annual profit forecast but remains well behind last year’s earnings. It expects a net profit of JPY 2.27bn ($28.13m) in the 12 months to 31 March, compared to its previous estimate of JPY 2.25bn ...
2011-05-11 07:16:27
STX OSV operating profit jumps 60% [Offshore]
STX OSV has seen its first quarter profit stack up on the back of rising revenue. Singapore-listed STX OSV bagged NOK 312m ($56.62m) in the opening three months of 2011, up 28% on a year ago. Revenue climbed by one fifth to NOK 3.12bn, while ...
2011-05-11 07:14:16
Keppel rig delay spreads [Equipment]
Singapore's Mermaid Maritime has warned investors of Keppel FELS’ intent to declare force majeure on a jack-up drilling rig ordered by affiliate Asia Offshore Drilling (AOD). The Singapore-listed offshore contractor says its drilling division r...
2011-05-11 07:11:35
Samsung inks further 13,000TEU's [Shipbuilding]
Orient Overseas (International) Ltd said on Monday it has ordered four new containerships from South Korean shipbuilder Samsung Heavy Industries for a total of $544 million. The new order for the ships, which can carry 13,000 twenty-foot equivale...
2011-05-11 07:07:57
Hanjin Two-Track Strategy [Finance]
Hanjin Heavy Industries and Construction employs two-track strategy of separating two issues; resolving legal disputes with its labor union regarding layoff and seeking ways to survive the company's difficulties through management normalization. A...
2011-05-11 07:03:24
Shipbuilders to continue good results [General]
Positive outlook was presented for the shipbuilding and shipping industry. Analyst Song Jae-hak at Woori Investment and Securities said that "newbuilding prices index rebounded and shipping index shows sound performances. According to analyst Song...
2011-05-11 06:57:57
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