CSBC tips delayed recovery [Shipbuilding]
Taiwan's shipbuilding market is still depressed despite recent economic growth and might not show a strong rebound until 2012, Taiwan's leading shipbuilder said Wednesday. Industry prices which have fallen sharply since the economic recession took...
2011-03-31 07:25:53
Lamprell inks land drilling rigs [General]
Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewables industry, announced that it has received a new contract award from Weatherford Drilling International (BVI), for the engineering, constructi...
2011-03-31 07:17:02
Aker secures subsea EPC order [Equipment]
Aker Solutions wins a Nkr1 billion ($179 million) engineering, procurement and construction (EPC) contract from Statoil for a subsea oil production system on the Fossekall-Dompap project off Norway. The EPC workscope, to be performed by subsidiar...
2011-03-31 07:09:29
LPG carrier resale at $52m [Shipping]
London-based Navigator Gas has bought two medium LPG carrier newbuildings for $52m each Navigator Gas confirmed the purchase from Latvian Shipping but declined to confirm the price, saying the sale contracts had not yet been signed. The ships...
2011-03-31 07:04:14
Daewoo scores LNG carrier [Offshore]
Angelicoussis Shipping Group, Greece’s largest shipowner, has confirmed a speculative order for an LNG carrier at Daewoo Shipbuilding & Marine Engineering. The contract is for a 155,900-cbm vessel with dual-fuel diesel-electric propulsion. ...
2011-03-31 06:57:28
Big 3 engaging in LNG bunkering [Offshore]
As it is highly expected LNG-fueled ships are increasingly demanded in near future, Korea's major shipbuilders and Korea Gas Corporation (KOGAS) are conducing a joint research in full swing on LNG bunkering facilities injecting fuel to the LNG-propel...
2011-03-30 22:09:17
Zhejiang Taitong pens 47K bulkers [Shipbuilding]
China's Zhejiang Taitong Shipbuilding has won two bulkers of 47,500 DWT from a compatriot shipowner, Zhejiang Wugang - the first newbuilding order the shipowner has placed. The newbuilding order worth CNY 400m ($61m), in total, is clinched for d...
2011-03-30 22:08:28
Samsung Q1 profit to rise 7% [Finance]
South Korea's Samsung Heavy Industries is expected to see a decrease in sales for the first quarter compared with the previous quarter while operating profit would climb due to the increasing building of high value added ships. An Ji-hyun, resear...
2011-03-30 22:07:56
Posco raises plate prices [Equipment]
Korea's largest steel supplier, Posco, is going to increase the prices of major steel products such as hot rolled and cold rolled steel and steel plates by KRW 130,000 ($118) - KRW 150,000 per ton as early as later this month. Since other steel major...
2011-03-30 22:07:12
Drillship on track [Offshore]
As Korea's large shipbuilders have won a series of new orders for drillships since the beginning of the year, drillship market situations seem to be recovering. For example, Hyundai Heavy Industries, which could not add any new drillship order int...
2011-03-30 12:02:28
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