STX PO turns around to profit [Shipping]
STX Pan Ocean has seen its 2010 full-year profit pile up despite the difficult Q4. The Seoul and Singapore-listed shipowner earned $70.35m in 2010, turning around a loss of $61.66m a year ago. Revenue shot up by more than 50% to $5.59bn. Howe...
2011-02-18 07:23:12
Aker Phil financed to build tankers [Finance]
Aker Philadelphia Shipyard (APSI) has clinched a deal which will allow it to build two new tankers. The US shipyard said it has finalised an agreement with the Commonwealth of Philadelphia under which it will sell assets like buildings and equipm...
2011-02-18 07:18:51
Seaspan eyes ten 10,000TEU's [Shipbuilding]
Boxship owner Seaspan looks to order up to ten new containerships in Asian yards. The New York-listed owner is in talks with “several selected Chinese and Korean shipyards" about ordering 10,000-teu ships with delivery set for 2013 and 2014, ac...
2011-02-18 07:08:34
Hyundai 13,100TEU's resale to GTB [Shipping]
Norway's GTB Invest (GTB) is to spend $310m to purchase two containerships from Germany’s ER Schiffahrt. The oil services player turned shipowner says its subsidiaries, SinOceanic I and SinOceanic II, have penned memorandum of agreements to buy...
2011-02-18 07:01:32
Rising oil drives offshore orders [Offshore]
Investment in the offshore sector will continue to be fueled by growing oil demand in emerging countries, as an increasing number of oil field discoveries are made in deeper waters. A growing fleet of offshore development and production vessels wi...
2011-02-18 06:54:28
Rolls Royce wins £20m seismic order [Equipment]
Rolls-Royce has won an order from China's Sinopec to design and equip a specialist seismic research vessel. The £20m ($32m) contract includes power and propulsion systems and a range of automated handling systems for seismic equipment. ...
2011-02-18 06:44:39
Keppel scores 2+3 jack-up rigs [Offshore]
Transocean has ordered up to five jack-up drilling rigs at Singapore’s Keppel Corp. The world’s largest drilling rig owner has placed firm orders for two high-spec KFELS Super B Class jack-ups in deals worth $380m in total. Transocean has...
2011-02-18 06:37:56
China: Grand past, hope ahead [Shipbuilding]
According to official statistics, in 2010 Chinese shipbuilding occupied 35% of global market in terms of output, new orders and orderbook. Chairman Zhang Guangqin of China Association of the National Shipbuilding Industry indicated that the perfo...
2011-02-18 01:16:24
CSIC purchases four compatriot yards [Finance]
On the evening of February 14th, China Shipbuilding Industry Corporation (CSIC) announced the group had formally purchased 100% stock of compatriot Dalian Shipbuilding Industry Corporation (DSIC), 100% stock of Shanhaiguan Shipbuilding Industry, and ...
2011-02-17 15:55:42
China: stable growth and over steel used [Equipment]
In the first 11 months of 2010, Chinese shipbuilding output, new orders and orderbook showed stable growth. Experts thought the seatrade volume and shipping market were turning around, which would lead the recovery of shipbuilding market. Experts ...
2011-02-17 15:04:24
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