China releases Offshore Development Plan [Offshore]
China is expected to center on developing the offshore industry, which is at the initial stage of growth, according the 2011 China Ocean Development Report released on April 29 by the State Oceanic Administration of the People's Republic of China. ...
2011-05-04 15:15:43
LNG carrier rates near $100,000 [Shipping]
LNG carrier's short-term charter rates are set to rise above $100,000 per day for the first time in seven years. Norway’s Awilco LNG turned down three-year charter at $65,000 daily, while shipbrokers said that Qatar’s Rasgas had paid above $90...
2011-05-04 12:42:39
IHC Merwede acquires Hytech [Equipment]
IHC Merwede of the Netherlands has acquired on-board equipment designer Hytech. The acquisition will enable IHC Merwede to develop complete saturation diving systems in-house, which will increase overall efficiency and safety, the company said in...
2011-05-04 12:30:24
Daewoo 'Surprising' Results [Finance]
Daewoo Shipbuilding & Marine Engineering announced much improved business results for the first quarter of the year compared to a year earlier. Revenue was KRW 3.052trn ($2.8bn), operating profit was KRW 420.5bn and pretax profit was KRW KRW 315.2...
2011-05-04 11:50:05
Wartsila supplies design for field support vessel [Equipment]
Wärtsilä has been contracted to supply the vessel design and complete diesel electric drive installation for a new field support vessel. The ship is to be owned and operated by Sartor Shipping of Norway, and will serve the North Sea oil...
2011-05-04 07:55:51
Lamprell secures upgrade orders [Offshore]
Lamprell, the Middle East offshore vessel builder, has won a series of jack-up rig refurbishment contracts worth $57m in total. These projects include contracts valued in aggregate at $14.7m for Nabors International rigs 655 and 656, the UK liste...
2011-05-04 07:53:01
STX OSV expands capacity in Brazil [Offshore]
Singapore-listed STX OSV expects to triple its shipbuilding capacity in Brazil to as many as 10 vessels per year by 2013, when its second yard is slated to be fully operational. Analysts said the additional yard could improve the company’s capa...
2011-05-04 07:50:16
LR inks technical contract w/ Maersk FPSOs [General]
Lloyd's Register EMEA has been awarded the global contract to provide Maersk FPSOs with a comprehensive suite of technical services to assure the reliable operation of its fleet of floating oil and gas production units which serves some of the world'...
2011-05-04 07:43:38
COSCO to build compact drillship [Offshore]
China's COSCO (Dalian) Shipyard Co. Ltd. has awarded Norwegian naval architect firm Inocean a contract for development and basic design of a new compact ultra deepwater drillship, INO-80, suitable for global operation. The design is being introdu...
2011-05-04 07:38:08
Asian owners' fleet grows fast [Shipping]
Shipowners in the Asia Pacific region built up their fleets at a quicker rate than their rivals from the European Union, figures from Clarksons show. Asia Pacific shipping firms, who overtook their EU counterparts to boast the world’s largest fl...
2011-05-04 07:31:51
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