Big3 top $21bn in new orders [Offshore]
"Big 3" shipbuilders won newbuilding orders worth more than $20bn and continue to clinch more orders. In particular, new order value in the offshore sector accounted for 60% in all the new order value. The sector turned out to most benefit from c...
2011-05-11 06:53:32
Samsung wins FPSO [Offshore]
Samsung Heavy Industries announced today in a regulatory filing that it has been awarded a $636m contract by Norway's Teekay Petrojarl to build a floating production, storage and offloading facility. The FPSO with a crude oil storage capacity of 800...
2011-05-09 14:44:11
STX to deliver 1st offshore plants [Offshore]
STX Offshore & Shipbuilding is to deliver its first offshore plant and drillship since the company was established and it plans to increase orders for high value added vessels in the future. STX won an order for a Pipe Laying Vessel from Technip...
2011-05-09 12:22:40
Hyundai new record for marine engines [Equipment]
Hyundai Heavy Industries manufactures 50 large ship engines in a month for the first time in 32 years of its production, setting the world record. In September last year, the company also set a world record of accumulated large engine production...
2011-05-09 12:09:06
Deltamarin designs Equinox BC [Equipment]
Deltamarin has signed an agreement with Nantong Mingde Heavy Industry about the design of totally seven new Equinox Class Self Unloading and Gearless Bulk Carriers to be built for Algoma Central Corporation and the Canadian Wheat Board. Deltamarin...
2011-05-09 07:42:47
Aker results soar [Finance]
Norway’s Aker Solutions saw profits rise during the first quarter of the year, boosted by the sale of some assets as it looks to streamline its business. The company posted a profit of Nkr3.3 billion ($602.6 million) during the first quarter of...
2011-05-09 07:40:19
MMHE on the rise [Finance]
MISC's shipyard spinoff saw a huge upswing in profit thanks to its engineering and construction segment. Malaysia Marine & Heavy Engineering (MMHE)'s net profit for the quarter ended 31 March was up 58.6% to MYR 450.5m ($150m) aided by the govern...
2011-05-09 07:36:51
Cosco boosted by yards [Shipping]
Cosco Corp (Singapore)'s first quarter profit was boosted by accelerating vessel deliveries. But the shipbuilder and bulker owner was hit by falling income from its dry-cargo fleet and has warned any recovery in the Baltic Dry Index this year will...
2011-05-09 07:33:49
Diana Q1 figures rise [Shipping]
New York-listed Diana Shipping booked a profit of $33.14m in the opening three months of 2011, beating the $28.81m seen a year ago. The bulker owner says the additional revenue provided following the purchase of three ships in the past year contr...
2011-05-09 07:30:54
Standard, no delay in rig delivery [Offshore]
Standard Drilling of Cyprus says the delivery of three jack-up drilling rigs under construction in Singapore will not be impacted by a force majeure warning issued by Keppel FELS. Standard on Friday told investors the shipbuilder has confirmed hull n...
2011-05-09 07:27:58
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