Shipbuilding Equipment Trading Fair [Equipment]
Korea's Small & Medium Business Corporation (SBC) and Busan Marine Equipment Association (BMEA) hosted an 'invitation trade fair for Chinese yards' purchase and design divisions' for four days from 1st to 4th December. They secured the budget for the...
2010-12-16 11:53:00
STX takes over US oil field [General]
Korea's STX Energy announced today that it acquired 46.75% shares of an oil mining area located in Escambia County in Alabama of the Southeastern United States and a management right both for $55m in America's Renaissance Petroleum in a joint with An...
2010-12-16 11:07:42
Maersk China: Stronger during crisis [Shipping]
In the past one century, Maersk dominated global shipbuilding. During peak period the revenue of Maersk occupied over 50% of Denmark’s gross industrial value. Maersk was regarded as the symbol and honor of Denmark. However, Maersk came across lo...
2010-12-16 10:09:12
Chinese banks reduce ship loans [Finance]
Considering continuous CNY appreciation, Bloomberg recently criticized Chinese financial institutes were reducing loan volumes to shipbuilders and shipowners. The global loan volume of ship industry slumped since five years ago as well. However, w...
2010-12-16 10:08:43
CSIC to win Russian VLCC's [Shipbuilding]
As a representative of Chinese business community, General Manager Li Tianbao of China’s Bohai Shipbuilding Heavy Industry Company Limited recently visited Russia, along with Chinese Prime Minister Wen Jiabao. During the journey, China Shipbuil...
2010-12-16 10:08:07
Daewoo pens $1.3bn offshore platform [Offshore]
Korea's Daewoo Shipbuilding & Marine Engineering announced that it has signed a Letter of Authorization with global oil major Chevron on December 15th to build a fixed-type offshore platform for production of natural gas. Through the LOA, both com...
2010-12-16 09:54:10
CIMPS awarded 'Top 10 Brand Exhibition' [General]
The China International Marine, Port & Shipbuilding Fair (CIMPS) has won the “2010 China Top Ten Brand Exhibition” Award in the 2010 Annual Conference of China’s Convention and Exhibition Industry & Awards Ceremony of Chinese Brand Exhibition, ...
2010-12-16 09:26:09
Tokyo permits 47 newbuildings [Offshore]
Japanese government has approved new ship construction for 47 ships of 1.73m gt in November. The figure is up 26% from a year earlier. Accumulated newbuilding permits for April-November period stood at 12.78m gt, up 2% year-on-year. By ship typ...
2010-12-16 09:11:45
Vancouver Shipyards inks barges [Equipment]
Canada's Vancouver Shipyards Co. reports two new construction contracts. The first project is to build a double hulled oil barge, followed immediately by three 1200 unit chip barges for Seaspan. Construction of the oil barge will start in Jan...
2010-12-16 08:47:29
Remontowa wins MPSV pair [Offshore]
Polish shipbuilder Remontowa has signed a deal to build two multi-purpose platform supply vessels for Lewek Shipping, a subsidiary of Singapore’s Ezra Holdings. Construction on the MMC 887 CP design vessels began in September and Remontowa laid...
2010-12-16 08:44:00
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