Blohm+Voss opens Singapore unit [Equipment]
Blohm + Voss Industries has opened its own sales and service branch in Singapore at the beginning of 2011. This expansion into the Asian market proves that the manufacturer of ship components recognizes the strong growth potential in this region. ...
2011-01-05 08:34:13
Colombo inks 3rd MPSV [Offshore]
Sri Lankan shipbuilder Colombo Dockyard has won an optional contract to build a third Multipurpose Platform Supply Vessels (MPSV) for Greatship Global Offshore Services of Singapore, a statement said. The main contract for the construction of two ...
2011-01-05 08:26:22
Vinashin yet to agree on repayment [Finance]
State media say the Vietnam Shipbuilding Industry Group doesn't yet have an agreement on the first repayment toward $600m it owes foreign creditors. The company better known as Vinashin defaulted on the $60m payment due as part of syndicated loans...
2011-01-05 08:22:47
Aker Phil secures fund for newbuilds [Finance]
Aker Philadelphia Shipyard ASA indicated in a report that its wholly-owned subsidiary, Aker Philadelphia Shipyard, Inc. (APSI) continues to actively seek new orders and capital to finance the construction of newbuild product tankers 017 and 018 (Ship...
2011-01-05 08:18:25
Guam Shipyard dock sinks [General]
A Guam Shipyard floating drydock sank after taking on water. The dock, known as Big Blue, is partially submerged after the incident on Monday. The US Coast Guard (USCG) said it received a call from the US naval base on the island in the early...
2011-01-05 08:06:15
K-Line boosts FLNG biz [Shipping]
K-Line is focusing on offshore and FLNG to help shield it from turmoil in the tanker market, its president says. It wants to expand its foothold in the offshore support vessel, ultra-deepwater drillship and floating LNG markets amid fears of a pro...
2011-01-05 08:02:21
Samsung-built drillship pens charter [Offshore]
Ocean Rig has put pen to paper on two drilling contracts worth nearly $240m. The company, in which DryShips has a 78% holding, says Cairn Energy will take two of its units on six month deals. Its newly delivered drillship Ocean Rig Corcovado,...
2011-01-05 07:55:19
Mixed prospects: Korea-up, China-down [General]
Shipbuilders have outperformed the expectations of many in 2010 but there are conflicting signals about how they will perform this year. The “mini-boom” in the dry-bulk sector has boosted the confidence of many shipping companies, resulting i...
2011-01-05 07:47:39
ONGC seismic demand declines [Offshore]
Seismic demand is taking a hit in Indian waters, as state-owned Oil & Natural Gas Corp (ONGC)'s demand falls. ONGC’s requirement for three-dimensional (3D) seismic is falling from 21,000 square kilometers to 8,000 square kilometers, while the r...
2011-01-05 07:36:10
Sungdong targets $3.53bn orders [Shipbuilding]
Jeong Hong-jun, chairman of Korea's Sungdong Shipbuilding & Marine Engineering, prospected in New Year's speech that shipbuilding market conditions would turn in an upward phase centering on containerships, thanks to a move of abundant amount of liqu...
2011-01-05 07:22:58
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