New orders rise [Offshore]
Interest in the newbuilding sector has shifted from dry bulk sector towards other types of vessels, such as containerships, offshore and gas carriers. In a weekly report, Clarksons notes that with the major Korean yards now having apportioned a g...
2011-04-20 07:04:45
Aker awarded subsea contract extensions [Offshore]
Aker Solutions has received notification that Statoil has exercised options for the engineering, procurement and construction of three subsea work-over systems for use on the Norwegian Continental Shelf. Aker Solutions estimates the contract value of...
2011-04-20 06:57:50
Nor-Shipping without Chinese state firms [General]
China is believed to have pulled its participation, which includes its state-owned shipyards and owners, from the biennial exhibition Nor-Shipping and social gathering in response to the Nobel peace prize being awarded to imprisoned dissident Liu Xia...
2011-04-20 06:55:24
OOCL figures improve [Finance]
Hong Kong-based liner operator OOCL said volumes carried in the first quarter of 2011 were up 12.6% on a year ago. Between January and March 2011 it carried a total of just under 1.2mteu versus the 1mteu seen in the same period a year ago. OO...
2011-04-20 06:48:28
Wartsila wins two big deals [Equipment]
Finnish company Warstila said it has signed a five-year maintenance supply contract with Royal Carribean Cruises and its subsidiaries. The agreement covers 29 vessels with an option to add more vessels in the future. Wartsila has also won a contr...
2011-04-20 06:46:03
MOL joins LR1 pool [Shipping]
Mitsui OSK Lines has joined forces with Hafnia Management to set up a new LR1 tanker pool. A number of big-name owners have ships lined up to enter the Straits Tankers LR1 Pool, a statement reveals. Tsuneo Watanabe, managing executive officer...
2011-04-20 06:42:58
Samsung buys Pipavav stake? [Finance]
India's Pipavav Shipyard Ltd is in advanced talks to sell stake to an international shipyard, a source with direct knowledge of the matter said on Tuesday. "Pipavav is talking to a large international player. It would take about one or two weeks f...
2011-04-20 06:31:55
Concordia to order products tankers [Shipping]
Swedish shipowner Concordia Maritime looks to be planning fresh newbuilding orders for products tankers. Hans Noren, president of Concordia, wrote in the company’s annual report: “At present, we are working on a number of interesting projects,...
2011-04-20 06:26:58
LNG 'Golden Time' again [Offshore]
Seoul-based Kium Securities casts a positive outlook on Korea's large shipyards such as Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering that LNG boom will come again from the second half of this year as there has been increasing...
2011-04-20 05:55:06
Samsung keeps NO.1 [General]
Korea's Samsung Heavy Industries remained in the world first place for order backlog as of the 1st of April after it retook the number one position earlier last month, beating Hyundai Heavy Industries. According to Clarkson Research Services, Sa...
2011-04-20 05:51:20
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