Excelerate mulls LNG-RV order [Offshore]
US LNG specialist player Excelerate Energy is looking into options for growing its regasification fleet. President and chief executive Rob Bryngelson said the company is considering both conversions of existing tonnage and newbuildings in what wo...
2011-03-28 06:49:05
Yangzijiang pens 2,500TEU's [Shipbuilding]
Torvald Klaveness Group of Norway, primarily an owner and operator of dry-bulk vessels, has placed an order for four 2,500-teu vessels at Yangzijiang Shipbuilding in China with options for another two. Klaveness said, “We think this market is i...
2011-03-28 06:44:49
Premuda switches to larger [Shipping]
Premuda has upsized existing orders at two yards in South Korea. The Italian shipowner has emerged with an order for two 76,500-dwt panamax bulkers and two suezmax tankers. Its originally order at SPP Shipbuilding in South Korea was for two h...
2011-03-28 06:39:27
STX France continues with Libyan cruiseship [Finance]
STX France is continuing construction of the 140,000-gt cruiseship for Libya but France’s leading role in the international no-fly-zone mission against the Gaddafi regime has increased doubts of the contract being completed. “The logic is tha...
2011-03-28 06:35:18
New orders made weak start [Shipbuilding]
Newbuilding ordering activity made weak start to 2011 as orders in the first two months were falling while Chinese and Greek shipowners are keeping their wallets tightly closed. Although some newbuilding orders have been reported during March, in...
2011-03-28 06:29:44
Chinese seek to sell supramaxes [Shipping]
A number of Chinese shipyards have taken to the road to entice foreign shipowners to take on cancelled vessels or ships being built by the yard on speculation. The aggressive marketing drive marks a shift from the previous strategy, which largely...
2011-03-28 06:21:43
COSCO Nantong wins two rigs [Offshore]
China's COSCO Shipyard has signed a LOI with Norway's Sevan Marine to additionally build two cylindrical deep-sea drilling rigs. The LOI will go into effect after authorized by the board. The newbuildings are priced at around $525m each and to b...
2011-03-27 23:06:05
100 Small yards may go broke [Shipbuilding]
While China's shipping industry has grown dramatically on back of low cost and its network to run in all directions, the shipbuilding industry has shared the growth as the biggest beneficiary from the increasing shipping market. However, since ne...
2011-03-27 23:05:39
Chance to leap [Offshore]
Business Week reported local time on 24th that Korea's shipbuilders face a good opportunity to increase their market share in the world market in the wake of the recent devastating quake in Japan. Under the influence of the earthquake, the compe...
2011-03-27 23:05:09
STX invests for Dalian Investment [Finance]
Korea's STX Offshore & Shipbuilding announced on 25th that it is going to invest its 31.33% share in STX Dalian Shipbuilding Co. Ltd. and 31.75% share in STX Dalian Precision Co. Ltd. into STX Dalian Investment Co. Ltd. in kind. This is for managemen...
2011-03-27 23:04:30
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