UK yard acquisition [General]
UK ship repair and conversion group A&P has been taken over by a new port and shipyard consortium. The 50/50 joint venture Atlantic & Peninsula Marine Services (APMS) - involving terminals operator Peel Group and investors linked to the Cammell L...
2011-03-02 06:52:53
Petrobras installs third LNG terminal [Equipment]
Brazil's state-run energy giant Petrobras said Monday that it will install a third LNG terminal in Bahia. President Dilma Rousseff will announce the plan on Tuesday during an event, with Petrobras signing a protocol of intentions with Bahia state ...
2011-03-02 06:49:08
Flex FLNG in reprieve [Finance]
Korea's Samsung Heavy Industries has granted another stay of execution to Flex LNG as the Norwegian firm once again fails to pull the trigger on a quartet of LNG-FPSO newbuildings. The Norwegian owner mulls its financing options for the floating ...
2011-03-02 06:43:07
HMM to push for fleet expansion [Shipping]
Korea's Hyundai Merchant Marine announced, last Tuesday, a broadscale fleet expansion plan for the first time in many years, declaring it will roll out a very aggressive management this year. The shipowner said it will invest KRW 485.9bn ($430m) ...
2011-03-02 00:12:12
Mitsubishi scores Eco-LNG carrier [Offshore]
Japan's NYK Line has been awarded a Moss-type LNG carrier supply (time charter) contract from Tokyo Electric Power Company, so is ordering a 145,400-cbm LNG carrier at Mitsubishi Heavy Industries for delivery in 2014. The soon-to-be built newbui...
2011-03-02 00:09:07
DSSC turns into shipbuilder [Shipbuilding]
China-based DSSC, a ship-block production subsidiary of Korea's Daewoo Shipbuilding & Marine Engineering, has entered into the shipbuilding business with winning two new 58K-dwt bulkers. The pair are won by a Chinese company from a Japanese shipow...
2011-03-02 00:06:48
Guangzhou leads high-tech ships [Shipbuilding]
Guangzhou Longxue Shipbuilding under the umbrella of China State Shipbuilding Corporation (CSSC) delivered two ultra-large newbuildings on the 17th February, becoming the first shipyard in China to make two cases of deliveries in a day. CSSC said on ...
2011-03-02 00:05:23
Sungdong floats its 100th newbuild [General]
Korea's Sungdong Shipbuilding & Marine Engineering launched its 100th newbuilding on the first day of March. The yard saw the 100th unit touch the water in four years and nine months since it floated its first newbuilding in June 2006. The j...
2011-03-02 00:03:31
CSBC wins Evergreen 8,000TEU's [Shipbuilding]
Evergreen Group chairman Chang Yung-fa revealed it will order the last batch of 8,000 teu boxships at compatriot CSBC. Evergreen, which booked 20 8,000 teu ships at Korea's Samsung Heavy Industries last year, is now set to complete the 30 8,000 te...
2011-03-01 10:41:34
CIMC Raffles expects loss [Finance]
The Board of CIMC Raffles Offshore (Singapore) Limited said Friday that it expects to report a loss for the financial year ended December 31, 2010. CIMC Raffles Offshore, now a subsidiary of China International Marine Containers (Group) Co. Ltd.,...
2011-03-01 08:05:51
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