KOGAS to order LNG ships [Shipbuilding]
Korea Gas Corporation (KOGAS) is believed to place newbuilding orders for four or five LNG carriers as early as next year. KOGAS revealed last Thursday it had made a deal with Australia's Gladstone LNG (GLNG) to import 3.5m tons per year for 20 y...
2010-12-21 08:41:47
Year-end newbuilding booms [Shipbuilding]
With an expectation for an economic recovery after 2011 increasing and the atmosphere that vessel prices have hit the bottom and taken an upturn proliferating, the newbuilding market is getting more and more heated rather than starts the sort-out fo...
2010-12-21 08:38:13
ST Marine secures upgrade & repair orders [General]
Singapore's ST Marine (Singapore Technologies Marine Ltd.) has secured its first contract from the Royal Australian Navy (RAN). It is to double-hull the 157.2 m long combat logistics vessel HMAS Success, to be double hulled to meet IMO standards for ...
2010-12-21 08:27:25
Drydocks World wins FPSO conversion [Offshore]
Drydocks World Dubai has been awarded a $13 million FPSO (floating production storage and offloading) conversion contract by BW Offshore. The vessel involved, the BW Carmen, which has been renamed BW Athena, was built in 1994 and converted to an ...
2010-12-21 08:23:34
Superlong vessels eyed for Panama Canal [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering had been gearing up for an order book of average-size vessels for next year. Instead, the company got more and more queries about building ships that are longer than the 1,063-foot-long Eiffel Tower. ...
2010-12-21 08:21:25
Cochin wins MOU Excellence Award [General]
India's Cochin Shipyard Ltd has been conferred with the MOU Excellence Award to facilitate the PSU’s performance during 2008-09. The award was presented by Dr Manmohan Singh prime minister to the company’s officiating Mr K Subramaniam CMD and ...
2010-12-21 08:16:44
Baosteel ship plates sales hit new high [Equipment]
China's Baoshan Iron and Steel (Baosteel) may sell a record high of more than 1.4 million tons of shipbuilding plates in 2010, said Baosteel Group Corporation, parent of the listed company. Baoshan Iron and Steel sold 1.36 million tons of shipbuil...
2010-12-21 08:13:30
Qingdao Beihai scores kamsarmax [Shipbuilding]
Taiwan’s First Steamship has firmed up an option for a bulker at Chinese shipyard just days before the contract was set to expire. The owner has signed up for its second 81,200-dwt unit at Qingdao Beihai Shipbuilding Heavy Industries, it wrote ...
2010-12-21 07:43:15
Capesize Top Cash Cow [Shipping]
Capesize bulk carriers produced more handsome returns than any other ship type in 2010, Clarkson Research Services says. In assessing the good, the bad and the ugly of this year, the broker’s research guru Martin Stopford places capes at the to...
2010-12-21 07:33:39
Ultrapetrol inks PSV charter [Offshore]
South American shipowner Ultrapetrol has sealed a four-year charter contract for one of its platform supply vessel (PSV) newbuildings. Nasdaq-listed Ultrapetrol says the UP Turquoise, one of two PSVs it has on order in China, has been fixed by Br...
2010-12-21 07:28:30
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