Vinashin in talks to delay repayment [Finance]
Debt-ridden Vinashin is in talks with lenders over extending repayment deadlines. Nguyen Ngoc Su, chairman of the Vietnamese shipbuilder, has been negotiating with both domestic and overseas banks in a bid to buy time for the struggling group. ...
2011-02-17 07:46:48
Sungdong to deliver 100th [Shipbuilding]
Korea's Sungdong Shipbuilding & Marine Engineering is going to deliver its 100th newbuilding this month. The yard made its first delivery in February 2007 and will complete building the 100th bulker by the end of the month to deliver to a Greek ...
2011-02-17 07:39:52
Hyundai may surpass target [Offshore]
Korea's Hyundai Heavy Industries is expected to surpass what it originally targets in new orders for this year with steadily increasing new orders for offshore plants. Heo Seong-deok, researcher at Seoul-based Hi Investment & Securities, says, "H...
2011-02-17 07:32:41
VT Halter scores PCTC [Shipping]
US shipbuilder VT Halter Marine has won a $144m PCTC newbuilding order from Pasha Hawaii. The ship, which will be plying the Hawaii and US West Coast trade, is expected to be delivered in the second half of 2013. VT Halter Marine also signed ...
2011-02-17 07:16:42
Upcoming FPSO Era [Offshore]
Surging oil prices could see demand surpass supply in the offshore supply sector in the next few years, according to Aker Floating Production. “The FPSO industry is likely to head into its most active period since 2005 and 2006,” Aker said. ...
2011-02-17 07:12:00
Hyundai Mipo LR1 tankers financed [Finance]
Greece’s Omega Navigation Enterprises has secured some more funding for a series of tanker newbuildings on order in Korea by selling a stake in its Glencore subsidiary. The Nasdaq-quoted products tanker owner has given away a fifth of its holdi...
2011-02-17 07:07:47
Rolls-Royce books $20bn orders [Equipment]
Rolls-Royce Group, having booked £12.3bn ($19.9bn) in new orders in 2010, saw its orderbook increase to £59.2bn from £58.3bn a year earlier. Group revenues increased to £11,085m (2009 £10,414m). Revenues on an underl...
2011-02-17 07:01:11
CIMPS, Chinese Top 10 Exhibition [Equipment]
Located in the No. 1 shipbuilding base in China, with greatest support from the government sectors as strong protection and guarantee for its success, including the co-sponsoring of China Association of the National Shipbuilding Industry (CANSI), The...
2011-02-17 06:52:56
Mitsubishi wins $1bn order [Offshore]
Seismic survey specialist Petroleum Geo-Services ASA went to Mitsubishi Heavy Industries with a $1bn newbuilding order. Oslo-listed PGS has signed a Letter of Award with Mitsubishi Heavy Industries for the delivery of two Ramform W-class vessels,...
2011-02-17 06:46:09
Seaspan waiting to order 10,000TEU's [Shipbuilding]
Seaspan is close to placing an order for a series of 10,000 teu boxships. But prices would have to fall by another 5% or so first before the shipowner is ready to go ahead, said chief executive Gerry Wang. The company does not want to pay more tha...
2011-02-17 06:36:07
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