Aker wins $1bn platform [Offshore]
Norway’s Aker Solutions has inked a NOK 5.5bn ($984m) engineering, procurement and construction contract from ConocoPhillips on the US major’s Eldfisk 2 expansion project in the North Sea. The award covers the topside and bridges of the Eldfi...
2011-03-21 07:13:08
US OKs deep-water drilling [General]
US regulators have issued the third deep-water drilling permit in the Gulf of Mexico since lifting the deep-water drilling ban in October, granting a licence on Friday to Houston-based ATP Oil & Gas. The US Bureau of Ocean Energy Management, Regu...
2011-03-21 07:04:48
Japan: dry bulk game-changer? [Shipping]
Japan's reconstruction could fundamentally change the dry bulk market this year, Hellenic Carriers’ chief Fotini Karamanlis says. She said that 2011 was likely to be weaker because of the large number of deliveries due but the ongoing crisis in...
2011-03-21 07:00:58
Danaos wins Chinese newbuild loan [Finance]
Danaos Corp is putting the finishing touches to a loan to cover three 8,500-teu newbuildings under construction in China. The Chinese government has approved the $203m facility to pay for three vessels at Jiangnan Changxing Heavy Industry. New...
2011-03-21 06:55:37
Switch from bulker to boxship order [Shipping]
Greek owner Paragon Shipping is coughing up $50.2m to swap two bulker newbuilding contracts for a pair of containerships under construction in China. New York-listed Paragon says the deal is tied to a set of 82,000-dwt kamsarmaxes that were expec...
2011-03-21 06:50:58
Brass LNG goes slow [General]
Technical bids from both shipowners and shipyards hoping to build up to 14 LNG carriers for Nigeria’s Brass LNG project have been opened but commercial bids are being delayed. Brass LNG is holding off asking for commercial offers while it waits...
2011-03-21 06:46:35
Gazprom eyes four LNG newbuildings [Shipping]
Shipowners have submitted their offers on a quartet of LNG newbuildings to Russian player Gazprom Global LNG (GGLNG). Industry sources say those who have submitted bids include Sovcomflot, Teekay Shipping, NYK, K Line, MOL, Knutsen OAS Shipping, ...
2011-03-21 06:41:16
LNG newbuilding orders to rise [Shipbuilding]
Samsung Heavy Industries, which had been turning out around 15 LNG carriers per year, is now content with two to four per annum. While the yard is confident the demand for LNG carriers will increase, officials say there is “no need to hurry”. ...
2011-03-21 06:37:05
Samsung soon pens 13,000TEU's [Shipbuilding]
S. Korea's Samsung Heavy Industries is seen to be on the verge of signing a newbuilding contract with OOCL to build 10 13,000-teu boxships. According to industry sources and other foreign reports, the final negotiators from both sides are now tal...
2011-03-20 22:10:25
Samho on track for new orders [Finance]
S. Korea's Samho Shipbuilding is running first in new orders among domestic middle-standing shipyards. The yard specializing in handy bulkers signed a newbuilding contract with Turkey's Manta Denicilik in January to build two 35,200-dwt handy bul...
2011-03-20 22:07:39
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