OSX plans FPSO conversions [Offshore]
OSX Brasil will award contracts to convert three tankers into FPSOs this year. Billionaire Eike Batista’s shipyard and offshore company said the first deal will be signed by the end of March, with the others following in the second half of the ...
2011-03-22 07:23:19
High prices boost scrapping [General]
The dreadful state of the dry bulk market during the first couple of months of 2011, coupled with attractive prices have finally persuaded many ship owners, especially from the dry bulk segment of the market, to scrap their older vessels. As has b...
2011-03-22 07:17:19
Bharati-Apeejay JV yard on ice [Shipbuilding]
Bharati Shipyard's joint venture to build ships with higher tonnage in West Bengal and Orissa has been put on hold due to uncertain demand for such vessels and land acquisition issues, a senior official said on Friday. In 2007, Bharati had signed ...
2011-03-22 07:04:58
Bangla breakers tentative over HC order [General]
Bangladesh ship breakers are still scared of importing old vessels despite an interim High Court (HC) order issued in favour of them, causing serious shortage of raw materials needed for a number of local industries. The HC bench on February 27 is...
2011-03-22 07:00:51
Shell to produce shale gas in China [General]
Anglo-Dutch supermajor Shell aims to spend $1bn a year on shale gas in China over the next five years if its exploration works currently underway prove a success. Shell is drilling 17 wells in China, including for tight gas and shale gas, in regi...
2011-03-22 06:54:52
EnerSea-Hyundai review CNG design [Offshore]
EnerSea Transport has completed PreFEED (Pre-Front End Design and Engineering) programme for France’s TOTAL for a compressed natural gas (CNG) ship. EnerSea and TOTAL reviewed the new ship design with Hyundai Heavy Industries during the PreFEED...
2011-03-22 06:48:16
Hyundai orders azimuth thrusters [Equipment]
Hyundai Heavy Industries contracted Thrustmaster of Texas to supply and install multiple sets of 5 megawatt azimuth thrusters for their next generation deep-water drillships being built at Hyundai. The vessels are of the Gusto P10,000 design and ...
2011-03-22 06:43:00
Bay wins PSV pair [Offshore]
Fincantieri Marine Group's Bay Shipbuilding Company, Sturgeon Bay, Wis., is to build two 92.4 m x 19 m Platform Supply Vessels (PSVs) for Tidewater Marine LLC, a subsidiary of Tidewater Inc., New Orleans. The two PSVs will be based on the MMC 887...
2011-03-22 06:38:29
Jurong clinches $530m rig [Offshore]
Seadrill has entered into an agreement for the construction of a new jack-up drilling rig with Jurong shipyard in Singapore. The rig is scheduled to be completed at the end of the third quarter 2013 and total project price is estimated at US$530 ...
2011-03-22 06:12:17
Samsung No.1 again [Shipbuilding]
S. Korea's Hyundai Heavy Industries handed over the first position for orderbook to Samsung Heavy Industries one month after it regained the number one position in six months at the end of January this year. According to the Clarkson Research Ser...
2011-03-22 01:29:06
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