DryShips wins Samsung-built drillship financing [Finance]
DryShips has completed financing for its four newbuilding drillships from Samsung Heavy Industries with a new $800m credit package from European banks. Led by Nordea and ABN Amro, the facility has been secured for the Ocean Rig Corcovado and Ocean...
2011-04-01 07:25:27
Otto sells under-construction AHTS [Offshore]
Otto Marine president and ceo Lee Kok Wah expects demand for offshore support vessels to swell as a growing number of companies order deepwater drilling rigs. The commentary came as the Singapore-listed owner and shipyard group sealed a deal to s...
2011-04-01 07:17:54
NYK to order newbuilds worth $6bn [Shipping]
Japanese shipowner NYK is planning to spend JPY 500bn-plus ($6bn) on new vessels. The company outlined the investment in its new four-year plan, called “More Than Shipping 2013”. The fleet should grow to more than 960 ships by 2017, up fro...
2011-04-01 07:12:06
Big 3 score $13bn orders in Q1 [Shipbuilding]
Korea's big three shipbuilders - Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries - are believed to have scored more than $12.8bn in combined new orders for the first three months of the year. Accord...
2011-03-31 22:19:24
K-sure assists Hyundai-Hapag box deal [Finance]
Korea Trade Insurance Corporation (K-sure) announced yesterday it will provide a long-term export insurance worth $1.03bn for the newbuilding contract for large boxships signed between Germany's Hapag-Lloyd and Korea's Hyundai Heavy Industries. Hyund...
2011-03-31 22:18:34
'3 hot potatoes' facing Zhejiang-yards [General]
The combined ship exports of Zhejiang-based shipyards in China for a full-month January this year came to 11,300 ships worth $750m, in total, increasing by 1.9 times in vessel terms and 22.8% in values against the same period of the previous year. ...
2011-03-31 22:17:55
Xiamen becomes national ship export base [General]
China's Xiamen Shipbuilding Industry has been chosen as "nation's first ship export base" by the Ministry of Commerce of the People's of China Department of Mechanic, Electronic and Hi-Tech Industry. The yard has created the highest production va...
2011-03-31 22:17:20
Rowan in talks for drillship order [Offshore]
US-based rig contractor, Rowan Companies, has sounded out the market for the construction of up to two deepwater drilships as it embarks on its deep-water drilling ambitions. One of Korea's big three - Hyundai Heavy Industries, Samsung Heavy Indus...
2011-03-31 22:16:35
Hyundai pens 6,500-ceu PCC [Shipbuilding]
South Korea's Hyundai Heavy Industries has won a 6,500-ceu car carrier plus one option from Norway's Norwegian Car Carriers (NOCC). The shipowner will pay NOK 385m ($69.04m) for each of the ships with a $46.2m loan already in place to help fund t...
2011-03-31 22:14:03
Ouhua acquires Dexing yard [General]
China's Zhejiang Ouhua Shipbuilding has decided to take over Zhejiang Dexing Shipyard under the umbrella of KaiKai Group. Dexing located in the west part of Ouhua is surrounded with harbors and relevant infrastructures near by. Through th...
2011-03-31 12:02:53
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