Bulker scrapping surge
According to figures compiled by the UK-based major shipbroker Clarkson Research Services Ltd., 93 bulkers aggregating 5.02 million dwt were scrapped in the whole of 2008, representing an eight-fold jump from 2007 in terms of quantity and a sharp 13-...
Keppel delivers Maersk Resolve on time
Keppel FELS Limited has delivered the third of four high efficiency jackup rigs to Maersk Drilling (previously Maersk Contractors), on time and incident-free. The rig was named Mærsk Resolve, by Mrs Sun-hee Madsen, spouse of Mr Erik Madsen, Maer...
Future of Maersk’s Lindo shipyard in limbo
Danish shipping giant AP Moller-Maersk is considering closing its struggling Odense Steel Shipyard, a report has claimed. The Borsen daily said the yard, also known as Lindo, faces a final decision on its future in the next few months, citing “k...
Jurong completes first of Larsen rig orders
Jurong Shipyard has completed the first of four ultra-deepwater semi-submersible drilling rigs for Larsen Oil & Gas. The rig was named PetroRig 1 at a ceremony on Saturday by Liv Berge Halvorsen, wife of Berge Gerdt Larsen, owner of Larsen Oil & G...
Ro-ro newbuilding cancelled at Spain's Navantia
Acciona Trasmediterranea has cancelled a ro-ro on order at Navantia shipyard. Acciona spokeswoman Esperanza Garcia Gomez says the Spanish ferry operator and the compatriot yard came to agreement to cull the newbuilding. The vessel is the third 3,5...
1 Out & 3 Work-Out
In South Korea, creditor banks have finished evaluating the credit risk of 19 small- and medium-sized shipbuilders in the first round of restructuring and it has been finally decided that C& Heavy Industries will be liquidated and three other small s...
China exceeds 27 Mil dwt : 2008 shipbuilding
According to the latest statistics released by Clarkson Research Service (CRS), China’s 2008 shipbuilding output will amount to 27 million dwt which is one fourth of the world’s total shipbuilding amount. In addition, on the shipbuilding manageme...
First China-built semi-submersible drilling platform deliver
The semisubmersible drilling platform constructed by China’s Dalian Shipbuilding Industy (DSIC) for USA’s Noble was delivered on January 15th. It is the very first semisubmersible drilling platform fully built by Chinese shipbuilder. It is rep...
‘New panamax era’ outline
The Panama Canal Authority has issued a circular to agents, owners and operators, outlining the precise details of the new locks under construction and by extension the dimensions for the next era of panamax ships. The expansion program, which wi...
CSIC revenue grew 26% to reach $15bn
China Shipbuilding Industry Corporation (CSIC), one of the country's largest shipbuilding groups, recorded 103.2 billion yuan ($15.09 billion) in revenue in 2008, up 26 percent from a year earlier, despite the global economic downturn, the company sa...
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