RBG to add four DSVs [Offshore]
Subsea services player RBG is planning to spend GBP 3m ($4.8m) for the expansion of its fleet of diving support vessels. The UK shipowner, known as a provider of fabric maintenance and construction support to the global energy industry, says it i...
2011-02-11 07:31:28
PC segment to improve [Shipping]
Product tanker demand is on the up and the market is set for further growth in the near future, a shipping firm boss claims. Greek owner Navios Maritime Acquisition Corp voiced the optimistic note. Angeliki Frangou, the Athens-based company’...
2011-02-11 07:26:11
Solvang breaks LPG tanker [General]
Norway's Solvang revealed the 56,854-cbm LPG carrier Clipper Posh (built 1983) has been sold for recycling. Solvang does not say how much the ship, in which it had a 20% stake, fetched but claims the deal will have little impact on its balance sh...
2011-02-11 07:21:47
Cosco buys PCC newbuilds [Shipping]
Cosco Shipping is buying car-carriers for the first time. The Chinese heavy-lift and general cargoship specialist is paying over $87m for the two newbuildings. The two 5,000-unit pure car carriers (PCC) are being bought from parent Cosco Grou...
2011-02-11 07:18:36
Flex LNG bullish on LNG-FPSO [Offshore]
Flex LNG chief executive Philip Fjeld said the company expected a final investment decision to be made on its first confirmed project using floating liquefied natural gas production units “sometime this year”. Delivery will take place in 2014 ...
2011-02-11 07:12:53
New Century targets $1bn IPO [Finance]
China's New Century Shipbuilding is reportedly pressing ahead with the initial public offering (IPO) in the first half of this year, a report from China Knowledge claims. Last month the Dow Jones newswire reported that New Century was chasing a l...
2011-02-11 07:04:21
Hyudnai makes 5,000th HiMSEN [Equipment]
Korea's Hyundai Heavy Industries has produced overall 5,000 'HiMSEN' engines, purely Korea-developed engine, in 10 years since it started the production. Hyundai has announced that it successfully completed the test run of HiMSEN 8H25/33 to be la...
2011-02-11 06:40:55
Higher steel price to help Korean [Equipment]
As an advance of steel prices is getting clear, Korea's shipbuilding industry is expected to take advantage of it while China would be negatively affected. Lee Seok-jae, researcher at Seoul-based Mirae Asset Securities, says, "An increase in stee...
2011-02-11 06:33:31
Posco advances to Chinese market [Equipment]
A joint venture between Korea's Posco and STX, Posco-PDCCP, established in Dalian in China, will enter into a full-scale operation from the 15th of Feburary. Posco is planning to plunge into the Chinese steel plate market through the newly establ...
2011-02-11 06:28:56
Drillship leads newbuild market [Offshore]
As the international oil prices are continuously increasing, playing a favorable role in the offshore plant facility market, Korea's large shipbuilders seem to continue winning new orders for drillships for a while. According to industry sources,...
2011-02-11 06:24:02
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