MOU inked between STX and LR [Equipment]
Korea's STX Offshore & Shipbuilding has recently signed a MOU with the world-class ship performance verification authority Lloyd's Register (LR) in STX R&D Center in Changwon, Korea, for joint R&D to develop LNG-fueled eco-ships. LNG-fueled ships...
2011-01-14 09:28:06
USC & Saipem in JV talks [Offshore]
Russia's United Shipbuilding Corporation intends to create a joint venture with Italy's Saipem to design vessels for offshore oil and gas production, Kommersant business daily said on Wednesday, quoting a source close to the corporation. The USC b...
2011-01-14 08:33:55
China overtakes Korea [General]
For the second straight year China has emerged as the world's leading shipbuilding nation in terms of new orders, and is way ahead of S. Korea which has come a distant second, data showed. According to Clarkson Research Services, South Korean ship...
2011-01-14 08:30:19
BC newbuilding demand softens [Shipping]
With heavy tonnage over-supply already plaguing the dry bulk market, demand for newbuilding orders seems to have been finally retreated. According to Clarksons, “with 2010 now having proven itself to be a much more successful than anticipated ye...
2011-01-14 08:25:59
Cammell Laird profit soars [General]
UK shipbuilder Cammell Laird has enjoyed its most profitable year since emerging from bankruptcy a decade ago. Its pre-tax profit hit £10.2m ($16.06m) in the year to May 2010, a near 10% rise from the figure seen in 2009, it is reported. ...
2011-01-14 08:19:42
SCI may cancel AHTS order [Offshore]
Shipping Corp of India (SCI) might cancel an anchor-handler under construction at Bharati Shipyard, citing delays. The 6,000-hp vessel is one of four ordered for $23m each by SCI in 2007 and due for delivery in February and March of this year. ...
2011-01-14 08:15:53
Bergen inks offshore vessels [Offshore]
Norway's Bergen Group has scored a trio of newbuildings worth NOK 1bn ($170m) in total. Sartor Offshore has ordered one multi-purpose offshore vessel on the back of a long-term contract with Statoil alongside two smaller ships, a statement from t...
2011-01-14 08:03:47
India plans Mega-yards [Equipment]
New shipyards capable of building large tanker and bulkers, a four-fold increase in national tonnage and a tripling of port capacity are on the cards of the “Maritime Agenda 2010-2020” unveiled on Thursday by the shipping minister G. K. Vasan. Th...
2011-01-14 07:51:28
Kleven firms up newbuild option [Shipping]
Norway's Kleven Maritime has won an additional order for an advanced Multi Purpose Field Supply & Construction Vessel of the MT 6015 design. Stig Remoy’s Olympic Shipping has exercised an option on the vessel at the yard. It will pay NOK 385...
2011-01-14 07:44:41
Star Bulk wins newbuild loan [Finance]
Star Bulk has secured financing for its two capesize newbuildings on order at HHIC-Phil's Subic shipyard in the Philippines. In a statement to the Nasdaq Stock Exchange the shipowner reveals a European bank has coughed up a loan to cover 60% of t...
2011-01-14 07:37:16
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