Petrobras may cancel drillship tender [Offshore]
Brazil's state-run energy major Petrobras is reportedly mulling cancelling part of its tender for up to 28 local-built ultra-deepwater drilling rigs due to high newbuilding prices. The package in question is the one covering engineering, procurem...
2011-01-12 08:40:42
Danish interest in Indian shipbuilding [Equipment]
The Danish Maritime Group is on a fact-finding mission in India, concerning the potential of shipbuilding industry in India. Mr Ulrik Dahl of the Danish Export Association said that their main objective was to find a place in India, and help to ma...
2011-01-12 08:32:25
Hanjin to resume New yard project [General]
Korea's Hanjin Heavy Industries & Construction (HHIC) is eyeing to resume its suspended $1.9 billion shipyard project in Villanueva, Misamis Oriental, Philippines, local media reports. The project, which has already started laying its groundwork i...
2011-01-12 08:25:57
Rongsheng to build Green Ship [Shipbuilding]
Chinese shipbuilder Jiangsu Rongsheng Heavy Industries recently announced that it was focusing on the building of hybrid fuel / LNG powered vessels. As is no big secret, shipyards in China are greatly improving in technology, efficiency and quali...
2011-01-12 08:15:59
Dry bulk reaches new low [Shipping]
The dry bulk market is continuing the downtrend since last December. The Baltic Dry Index (BDI) lost further ground Monday, following the trend of the past week, which marked one of the fastest tumbling ones for freight rates in a long time. Yeste...
2011-01-12 08:10:57
Damen wins nuke ship order [Equipment]
Dutch shipbuilder Damen has won a contract to build a nuclear waste ship from the Swedish Nuclear Fuel and Waste Management Co (SKB). The new vessel is to replace SKB’s existing 2,044-dwt vessel Sigyn (built 1982), which is managed by Gotland R...
2011-01-12 07:31:16
New LNG carrier prices soar [Offshore]
A fast recovery in the LNG market has pushed up newbuilding prices in the sector. In a note to clients analyst Martin Korsvold at Investment bank Pareto Securities said the price of a new LNG carrier at a top South Korean shipyard is now estimated...
2011-01-12 07:23:38
Mid yards up order targets [Shipbuilding]
Korea's midsize shipyards - Hyundai Mipo Dockyard (HMD), SPP Shipbuilding and Sungdong Shipbuilding & Marine Engineering - have set their new order target for 2011 to the higher level than last year, planning vigorous new order activities. Majori...
2011-01-12 07:11:06
Korean focus IT Tech [Equipment]
Korea's shipbuilding industry is seen to make an intensive investment into establishing the next generation PLM system (Product Lifecycle Management) this year. This is for strengthening a global competitiveness as the latecoming shipyards, such ...
2011-01-12 07:07:44
Hyundai targets highest new orders [Finance]
Korea's Hyundai Heavy Industries has set this year's new order target to the highest level in history, reflecting positive outlooks on itself. Jeon Jae-cheon, researcher at Seoul-based Daishin Securities, said, "Hyundai's new order target of $26....
2011-01-12 07:04:00
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