Samsung to expand offshore biz [Offshore]
Korea's Samsung Heavy Industries is believed to raise its status in the offshore plant sector this year. Its sales of the commercial ship sector would decrease slightly, but it would show a differentiated appearance from other shipyards as it exp...
2011-02-01 11:53:28
Hyundai top brass visit overseas sites [General]
Hyundai Heavy Industries chief executives and top management are visiting overseas construction and work sites in fourteen countries and regions during the Lunar New Year consecutive holidays. They include chairman Min Keh-sik and president Lee Ja...
2011-02-01 11:36:58
Drillships burst [Offshore]
Newbuilding orders for the typical high value-added ship type, drillships, have bursted since the beginning of the year. With Korea's Daewoo Shipbuilding & Marine Engineering winning a deep-sea drillship from America's drilling company on the 31st...
2011-02-01 11:21:21
Bulker values falling [Shipping]
A continued fall in dry bulk shipping rates has led to both secondhand and newbuilding bulker price reduction. The 1997-built, 169,963-dwt capesize Saraji Trader was sold for $24m to Greek shipowner Cyprus Maritime, which means more than $1m has b...
2011-02-01 09:41:58
Kawasaki wins 10 BC's [Shipbuilding]
Kawasaki Heavy Industries has hauled in 10 bulker newbuilding orders since October last year. The Japanese shipbuilder announced yesterday that it has won 10 bulker orders since the fourth quarter of last year on top of one submarine. They are ...
2011-02-01 08:51:11
Ananda IPO pushed back [Finance]
Ananda Shipyards & Slipways' plan to raise funds through IPO was put on ice after the Bangladeshi government banned fund-raising in the wake of the turmoil in the country’s stock market. Yard executive director Tariqul Islam confirms it has pus...
2011-02-01 08:25:33
Indian yard cancels 20K PC's [General]
Indian shipyard Modest Infrastructure has cancelled an order for newbuildings as its new yard project gets hard going. Kishore Gambani, owner of the Mumbai-based company, confirms it has cancelled orders for three 20,000-dwt products tankers from ...
2011-02-01 08:18:05
MAN's new Liquid ME-GI Engine [Equipment]
MAN Diesel & Turbo has announced the introduction of its Liquid ME-GI (Liquid Gas Injection) engine. The Liquid ME-GI is powered by LPG (Liquid Petroleum Gas), a smaller market than LNG but of significance in certain segments such as the small ta...
2011-02-01 07:32:31
Nexus-Hyundai in talks for FPSO [Offshore]
Australia's Nexus Energy and Hyundai are in talks with a contractor regarding a floating production, storage and offloading (FPSO) vessel contract for the Crux liquids project. Nexus was in discussion with British engineering company Petrofac and...
2011-02-01 07:27:20
CSDC seeks newbuilding cash [Finance]
China Shipping Development Co plans to issue $600m bond to help fund its huge newbuilding projects. Cash from the six-year bond will help cover the cost of 19-ship orders. CSDC says it is looking to raise CNY 3.95bn ($597.95m) from the move which...
2011-02-01 07:24:44
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