Bestway offers 'green' bulker [Shipping]
Lloyd’s Register and Shanghai-based Bestway Marine Engineering Design have completed their joint-industry project to develop a trend-setting environmental bulk carrier, with results far exceeding expectations. ‘Emerald’ design offers a light...
2011-02-10 08:59:57
Keppel inks 2+2 jack-up rigs [Offshore]
Singapore’s Keppel Fels has won an order from US drilling contractor Ensco for two fixed-price new ultra-premium harsh-environment jack-up rigs. The contract includes options for two additional jack-ups of the same design at similar terms that ...
2011-02-10 08:55:59
Marco Polo hit by costs [General]
Singapore-listed Marco Polo Marine banked SGD 4.01m ($3.14m) in the final three months of 2010, down from SGD 4.81m a year earlier. Marco Polo says increased capacity at its yard in Batam was to thank for the 61% surge in revenue to SGD 19.37m. ...
2011-02-10 08:52:31
Namura profitability plunges [Finance]
Namura Shipbuilding banked JPY 1.3bn ($16m) in the nine months to the end of 2010. This is a great fall from the JPY 5.39bn seen a year ago. Operating profit also fell 14% to JPY 6.1bn. Despite revenue rose 3.1% to JPY 100.7bn, order value cut...
2011-02-10 08:49:17
IHC Merwede wins dredger [Equipment]
State-controlled excavation contractor Dredging Corporation of India (DCI) has ordered a trailer suction hopper dredger at IHC Merwede of the Netherlands. An insider from the Visakhapatnam-based shipowner says the unit carries a price tag of arou...
2011-02-10 08:42:20
SCI inks AHTS pair [Offshore]
Shipping Corp of India has ordered two anchor handling tug supply vessels at Cochin Shipyard. State-owned SCI has booked two 120-tbp vessels at the west coast yard, a statement says. It is not clear how much SCI will pay for the ships or when the...
2011-02-10 08:37:58
Tidewater may cancel newbuild [Offshore]
Tidewater may cancel an offshore-support vessel newbuilding on order in Brazil. In a report filed with the US Securities and Exchange Commission, the New York-listed offshore owner said: “Currently the company is experiencing substantial delay ...
2011-02-10 08:34:45
CWB buys bulker resale duo [Shipping]
Canadian Wheat Board (CWB) turned shipowner after buying two self-unloading bulkers for CAD65m ($65m). CWB has agreed to acquire the two bulkers, which are due for delivery in 2013, from domestic shipowner Algoma Central Corp. The two ships are p...
2011-02-10 08:30:02
New orders to rise again [Shipbuilding]
With the dry bulk shipping market finally picking up after a long falling trend, shipowners are expected to come back to the newbuilding market. According to a recent report from Clarksons, “with Lunar New Year holidays in the Far East, the mark...
2011-02-10 08:22:26
Shanghai fund targets $8bn [Finance]
Shanghai shipping industry has set up a new shipping fund targeting CNY 50bn ($7.6bn). The newly-established Shanghai Maritime Industrial Fund Management has already registered with the city. Guotai Junan Innovation Investment holds a 35% stake in...
2011-02-10 07:18:12
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