Mitsubishi in FLNG negotiations [Offshore]
Mitsubishi and Shell are reportedly in talks with Iraq over a possible FLNG plant. The FLNG facility is being planned by Mitsubishi to export gas captured from Iraq’s southern oilfields, according to Dow Jones. Iraq’s Deputy Minister for ...
2011-01-27 08:49:33
Ethiopian books 9 newbuilds in China [Shipbuilding]
Ethiopian Shipping Lines (ESL) makes its largest ship order in the company's 46-year history. The Ethiopian national carrier has placed a contract for nine new ships at Chinese yards this week for over $300m in total. The Export-Import Bank of Ch...
2011-01-27 08:41:34
Shipyards eye steel price uptrend [Equipment]
Among considerable increases in the international raw material prices, such as crude oil and coal, rising are strong concerns about inflation of basic materials of steel and iron. In particular, those which have high demand for steel-products, su...
2011-01-27 08:11:37
Daewoo, in effect, wins drillships [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering has practically won two drillships. Daewoo has recently signed a LOI with Cyprus-based Aker Drilling Offshore Services Public Ltd, a fully-owned subsidiary of Norway's Aker Drilling ASA, for two dr...
2011-01-27 07:30:36
Newbuilding orders to rise 30% [Shipbuilding]
The total of newbuilding orders for this year is expected to increase by 30% versus last year to 40.13m CGT. Um Kyeong-ah, researcher at Seoul-based Shinyoung Securities, casts a prospect as saying, "newbuilding prices would rise by about 10% at ...
2011-01-27 07:21:27
Sinopacific builds China's first self-designed OSV [Offshore]
As the 1st vessel that China's Sinopacific Shipbuilding Group will deliver to Bourbon according to the framework agreement of offshore vessels worth of USD 1 billion signed in June, 2010, SPA 80 is under intensive production by Sinopacific Shipbuildi...
2011-01-27 07:10:15
NITC to order 83 LNG carriers [Shipbuilding]
NITC plans to buy liquefied natural gas carriers when Iran starts producing LNG. The state-owned shipping company of Iran said without specifying when this would happen. Iran has the world’s second-biggest gas reserves after Russia, accordin...
2011-01-27 07:02:16
Smaller ships to quit [Shipping]
Recently, MSC, which the big player in chartering market, warned that with huge number of large boxships delivered, lots of small ships would become idle. Chairman Gianluigi Aponte of MSC said now people were over-optimistic on the market. Aponte ...
2011-01-27 01:50:29
China: Difficult to recover [Shipbuilding]
With new orders rebounding at the end of last year, Chinese shipbuilding industry showed recovery in 2010. But experts kept cautious views on the market. In December of 2010, global new orders hit 8.47m dwt, rising by 35% against the same period o...
2011-01-27 01:33:45
NITC: To own global No.3 tanker fleet [Shipping]
R.Ghareh, Manager of National Iranian Tanker Company (NITC) said NITC intended to purchase 22-unit VLCCs by 2013, expanded by 72%. As a result, Iran would own the world’s third largest tanker fleet. R.Ghareh said in 2013 NITC was expected to own...
2011-01-27 01:17:23
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