Saipem wins $2.2bn orders [Equipment]
Italy's Saipem announced yesterday that it had won new engineering and construction contracts worth over $2.2bn. Saudi Aramco has awarded Saipem an engineering, procurement, installation and construction contract for the development of the Arabiy...
2011-03-10 07:27:37
Petrobras eyes 3rd LNG-FSRU [Offshore]
Petrobras is to deploy a third LNG floating storage and regasification unit (FSRU). Teekay, BW Gas and Golar LNG Energy (GLE) are among several companies that are understood to have been sent initial documents. Those following the project repo...
2011-03-10 07:20:10
NSCSA hunting VLCCs [Shipping]
National Shipping Company of Saudi Arabia (NSCSA) is now looking to add VLCCs to its fleet, only days after it splashed out on a series of Ro-Ro containerships at Hyundai Mipo Dockyard in South Korea. President Saleh Al-Shamekh claims the company ...
2011-03-10 07:13:26
US yard wins PSVs [Offshore]
US shipyard Eastern Shipbuilding is about to win an order for five platform supply vessels from Brazil's Boldini. The newbuildings will be financed by a $227.2m loan from the US government. The project is expected to cost around $260m in total...
2011-03-10 07:08:33
OOIL to order 13,000TEUs [Shipping]
Orient Overseas International Limited is set to put pen to paper on a series of 13,000 teu containerships. President CC Tung recently revealed the Hong Kong-listed company will soon place an order for 13,000 teu newbuilding series. "The period...
2011-03-10 06:59:42
STX Europe soars with $5bn orders [Offshore]
STX Europe has turned around a loss of NOK 875m for 2009 into a profit of NOK 241m ($43m) for 2010 in profit before tax. STX OSV had strong performance with EBITDA doubling to NOK 1.33bn year-on-year. Cruise & Ferries division was in red for th...
2011-03-10 06:52:40
Sumitomo aims six newbuilds [Shipbuilding]
Japan's Sumitomo Heavy Industries Marine & Engineering, a shipbuilding subsidiary of Sumitomo Heavy Industries, has made a clear new order target for this year at six newbuildings especially for 100,000-dwt tankers. The yard used to obtain 10 new...
2011-03-09 23:19:45
Japan's steel price-nego put aside [Equipment]
The price negotiation over shipbuilding steel plates for the second half of 2010's financial year between Japan's shipbuilding majors and steel suppliers is expected to be put aside for a while with some set to reach agreement next week. Shipbui...
2011-03-09 23:17:58
S&Medium in crisis [General]
While large shipbuilders have been watching new orders increasing in a steady pace since last year, small- and mid-size shipyards have been afflicted with new order drought more and more in Korea. Continuously decreasing newbuilding prices plus a...
2011-03-09 23:15:24
Chinese backed by government [General]
Chinese shipyards have recently getting ahead of Korean and Japanese counterparts in many aspects with back of the Chinese Government's large-scale supports. According to Ministry of Industry and Information Technology of China (MIIT), Chinese yards'...
2011-03-09 12:37:17
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