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Offshore
Shipbuilding
Equipment
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AVEVA measures cost & time savings
[Equipment]
AVEVA, one of the world's leading providers of engineering design and information management solutions for the plant, power and marine industries, announced the worldwide launch of the Instrumentation Business Value Calculator (BVC), a brand new inte...
2011-01-11 08:15:38
Hanjin bond sale interest fixed
[Finance]
Korea’s Hanjin Heavy Industries & Construction is close to launching a new bond sale. An issue of KRW 250bn ($223m) of three-year was priced at 5.29% Monday. The proceeds will go towards paying off other maturing debt. The shipbuilder has K...
2011-01-11 08:12:01
Capesizes to see rates plummet
[Shipping]
Capesize rates are forecast to plunge this year following the arrival of another wave of newbuildings. A further 200 capesize bulkers will be rolled out in 2011, pushing rates down to an average of just $22,000 per day over the next 12 months, acc...
2011-01-11 08:00:08
SCI plans due diligence for yard deal
[General]
State-run Shipping Corp of India expects to start due diligence to acquire a minority stake of 15% in any of the four Indian shipbuilders that had submitted an expression of interest, a top official said. The firm expects to start due diligence in...
2011-01-11 07:56:24
VLCCs face dismal future
[Shipping]
Over two thirds of the present VLCC fleet have yet to reach the age of 10 and following the disposal of most single-hull vessels only 40 VLCCs remain of scrapping age, according to EA Gibson. In its latest report the shipbroker said: “As exciti...
2011-01-11 07:47:41
DnB NOR No.1 ship bank
[Finance]
Norway’s DnB NOR secured the title of 2010’s top bookrunner of syndicated shipping loans, according to Dealogic. The London-based monitor says the Norwegian banking giant clinched the win with market share in the region of 11% linked to $5.7b...
2011-01-11 07:42:59
Daewoo develops new curving method
[Equipment]
Korea's Daewoo Shipbuilding & Marine Engineering recently succeeded in developing a new building methodof curving process for large commercial ships, which is applied to building blocks of curved-shape bow and stern parts, after its three yea...
2011-01-11 07:27:29
Korean stand at advantage
[Shipbuilding]
Korea's shipbuilding industry is understood to have the highest competitiveness and to make the best response to market changes compared to its rivals. Lee Seok-jae, researcher at Seoul-based Mirae Asset Securities, revealed that "thanks to a ri...
2011-01-11 07:19:15
STX wins luxury cruiseship
[Offshore]
STX France has penned an order for construction of a luxury cruiseship for Germany's Hapag-Lloyd Cruises. The new ship is being paid for by “a third-party proprietary company” outside the TUI group for delivery in 2013. No price has been give...
2011-01-11 07:14:33
Hyundai builds 1st Eco-VLCC
[Shipbuilding]
Korea's Hyundai Heavy Industries announced today that it has successfully built and delivered a ballast water treatment system-equipped VLCC. It is for the first time worldwide that a very large crude carrier is equipped with BWTS. The 317,000-...
2011-01-10 12:42:59
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