Samsung pens 7th drillship [Offshore]
Samsung Heavy Industries scored its seventh drillship order this year. The South Korean shipbuilder announced in a regulatory filing today that it is continuing its drillship securing spree with an order to build a new $608m ultra deep-water dual...
2011-04-28 10:50:12
LNG newbuild talks flood in [Shipbuilding]
LNG carrier newbuilding inquiries are increasing remarkably worldwide with market players forecasting demand for around 20 new LNG carriers for long-term LNG export projects, excluding speculative newbuilding orders. Russia's Gazprom is now procee...
2011-04-28 09:22:22
Offshore windfarms to grow in Japan [Equipment]
Offshore windfarm projects are expected to grow fast in Japan going forward in the aftermath of the Fukushima nuclear accident. For installation of offshore wind turbines, there are mainly two ways. One is an implantation method of fixing each par...
2011-04-28 08:39:37
Jumbo subsea installation project [Offshore]
Jumbo Offshore's DP2 offshore heavy lift vessel Fairplayer will next month install four subsea protection structures for production flowlines at 600 m water depth in the Laggan & Tormore fields. These gas condensate fields, owned by Total and Don...
2011-04-28 07:57:16
Indian shipbuilding to rise [Offshore]
The Indian shipbuilding and repair market is estimated to double from its 2010 revenue of $1.6 billion in the next five years. The primary driver of this growth will be increasing penetration of Indian shipbuilders and repairers in the offshore su...
2011-04-28 07:53:44
130,000GT Carnival Magic delivered [Shipbuilding]
Carnival Cruise Lines, a brand of global cruise operator Carnival Corporation & plc, accepted delivery of the corporation's 100th ship, the Carnival Magic, in ceremonies at the Fincantieri shipyard in Monfalcone, Italy, on April 27, where the vessel ...
2011-04-28 07:45:55
MMHE plays down Sime rumors [General]
Malaysia Marine & Heavy Engineering (MMHE), the heavy engineering unit of state-run Petronas, said that there was no basis to rumors that the company was looking to buy any assets from fellow Malaysian company Sime Darby. When questioned if the c...
2011-04-28 07:41:36
Indian breakers exceed Bangla rivals [General]
Indian tanker demolition prices have risen 5% so far this month as the country’s shipbreakers embark on a traditional rush of buying up scrap ships before the onset of the monsoon season in mid-May. The average price paid for tankers to be demol...
2011-04-28 07:34:36
IHI rejigs profit forecast [General]
Japan's IHI Corp has raised its full year profit forecast by nearly 50% from its previous estimate. And should the company hit its target it would represent a huge 66.9% jump on the same period in 2009. IHI expects to hit net income of JPY 29bn (...
2011-04-28 07:30:41
Golar eyes full takeover of Energy [Finance]
Golar LNG has topped up its shareholding in Golar LNG Energy for the third time in two days. The John Fredriksen-controlled company took its stake beyond 95% late Wednesday, then announced plans to complete a takeover of the company within the ne...
2011-04-28 07:27:13
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