Swissco books AHTS [Offshore]
Swissco Holdings is investing SGD 27m ($22m) to construct an anchor-handling tug supply vessel and a pair of utility vessels at a yard in China. Singapore-listed Swissco says the order, its second in less than four months, will be completed by 20...
2011-03-29 07:12:04
STX OSV scores PSV [Offshore]
STX OSV has secured a newbuilding contract for a large platform supply vessel from NorSea Group. The Norwegian owner has ordered a 4,000-dwt newbuilding at the Singapore-listed yard for delivery in June 2012. STX does not reveal a price for t...
2011-03-29 07:07:00
Samsung pens 4 drillships [Offshore]
Sammy Ofer’s Pacific Drilling has inked up to four deepwater drillships in South Korea. The Houston-based company has ordered two deepwater drillships at Samsung Heavy Industries in a deal worth $1bn or $500m per ship. The company expects th...
2011-03-29 07:02:12
Winner of 2 semi-sub platforms [Offshore]
Exmar is in talks to supply two semi-submersible oil production platforms to two potential partners. Chief executive Nicolas Saverys said that his company would not proceed with the construction of the facilities until contracts had been signed, ...
2011-03-29 06:55:41
Hyundai accelerates drillship drive [Offshore]
Norwegian drilling contractor Fred Olsen Energy is reportedly on the verge of placing an order for the construction of up to two deep-water drillships. It is likely to order the new drillships at Korea's Hyundai Heavy Industries. Newbuilding p...
2011-03-29 06:43:26
Sale on Daehan to resume [Finance]
It has become very difficult to see Korea's Daewoo Shipbuilding & Marine Engineering sold off within this year since potential acquirers such as Posco and GS Group have declared 'out'. With this, the sale on Daehan Shipbuilding would to come soon...
2011-03-28 22:34:08
Posco becomes No.1 plate supplier [General]
Korea's largest steel maker, Posco, has completed the construction of a new plate mill (pictured) with an annual production capacity of 2m tons in its Kwangyang steel mill in South Jeolla Province yesterday. With this, the steel maker has come t...
2011-03-28 22:32:41
ZPMC wins a barge [Shipping]
China's Shanghai Zhenhua Heavy Industries (ZPMC) won the bid for a multi purpose DP2 barge on 16th March issued by SMIT of the Netherlands. The bidding was attended by many shipyards from Korea, Singapore, Rumania and Vietnam, etc. The winner...
2011-03-28 22:31:47
Jiangmen grows to shipbuilding base [Shipbuilding]
The Economy & Information division of Guangdong Jiangmen city in China signed a cooperative agreement with the China Association of National Shipbuilding Industry (CANSI) and Technology Research & Economy Development Institute, publishing 'Jiangmen S...
2011-03-28 22:31:04
Posco calls on 20% increase from April [Equipment]
The increase in raw material prices seems to turn into a rise in steel prices. The world third largest steel maker, Korea's Posco is likely to carry out a price advance by 15 to 20% from next month. If so, the average price of main products w...
2011-03-28 22:30:17
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