March orders fall to $4.5bn [Shipbuilding]
World's combined newbuilding orders during March came to 61 ships of 3.9m DWT, and Korean yards occupied 33 orders, in total, out of them while Chinese yards won 11 ships. According to the monthly report released by Clarkson Research Services earl...
2011-04-22 06:29:54
2011 CIMPS Grandly Opened in Nanjing [General]
After more than one year intensive and dedicate preparation, CIMPS 2011 grandly opened in Nanjing International Expo Center during April 12-14. Sponsored by Jiangsu Provincial People’s Government and China Chamber of International Commerce, CIMP...
2011-04-21 08:44:52
ABS classes Mexican-built jack-up rig [Offshore]
ABS says it will class INDEPENDENCIA 1, the first ever offshore drilling rig built in Mexico. This is significant in that it represents new offshore construction in the country after a 25 year hiatus, notes the classification society. The rig is ...
2011-04-21 08:26:35
ClassNK new service for MLC [General]
ClassNK has offered a new consulting service for the International Labour Organisation's Maritime Labour Convention (MLC) 2006. The new service comes just as shipowners are beginning to address the requirements of the new convention, and as Class...
2011-04-21 08:23:42
Boxship scrapping falls [General]
Braemar Seascope’s latest fleet statistics show a steep decline in boxship demolition over the last nine months as ordering restarted after a two-year gap. Only a dozen boxships were sent to the breakers in the first three months of 2011, way do...
2011-04-21 08:11:55
Russian to buy 6 shipyards [Shipbuilding]
Russian Financial Corporation (RFC) plans to buy up to six shipyards this year, possibly partly financed through a bond issue, but has no plans to float its ship-building business, its chairman said on Tuesday. Ship-building and engineering firm RFC ...
2011-04-21 08:07:29
Tanker sees light of hope [Shipping]
FBR Capital Markets is recommending tanker stocks on a bet that a crude and product market rebound is on the horizon. Equity analyst Robert MacKenzie says the tanker universe could shift into balance by the fourth quarter of this year as the globa...
2011-04-21 07:58:48
Aker drillship equip deal [Offshore]
Norwegian contractor Aker Solutions has penned a $230 million equipment deal for a pair of drillships on order at Daewoo Shipbuilding & Marine Engineering (DSME). The oilfield services player is to deliver the complete equipment packages for the ...
2011-04-21 07:47:41
Jinhai scores VLCC's [Shipbuilding]
Dubai-based Gulf Navigation will double the size of its VLCC fleet to four after announcing a newbuildings deal with a Chinese shipyard. And GulfNav has penned a AED1bn ($285m) deal with another Chinese company, Grand China Logistics Holding to c...
2011-04-21 07:35:59
Hyundai & Daewoo to join Big John orders [Offshore]
Norwegian shipping giant John Fredriksen is laying the foundations to dominate the LNG shipping market with Golar’s newbuilding feast likely to continue at South Korean yards, a top analyst says. Fredriksen’s Golar LNG booked a further two 16...
2011-04-21 07:29:17
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