ABB wins $42m deals in Brazil [Equipment]
Swiss-based contractor ABB has landed a $42 million swag of orders which will see it power up three floating production, storage and offloading vessels destined for Brazil. ABB said it will deliver a complete electrical module with complete power...
2010-12-16 08:39:55
Baku Shipyard contract sealed [Shipbuilding]
Azerbaijan’s state oil company SOCAR and the Azerbaijan Investment Company signed an agreement with the Keppel Corporation on the creation of a joint venture for the construction of the new shipyard south of Baku. The sides signed a memorandum ...
2010-12-16 08:37:08
Hanjin imports Chinese steel plates [Equipment]
Chinese steelmaker Shagang Group has announced that it has signed an agreement to supply 60,000 mt of shipbuilding steel plate to South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC). Shen Wenming, executive director of Shagang ...
2010-12-16 08:26:59
STX OSV soars to new high [Finance]
Shares in STX OSV Holdings reached their highest point since its IPO sparked by a positive rating. Singapore-listed STX OSV reached a high of SGD 1.14 ($0.87) yesterday, more than 40% above its IPO price last month, after Goldman Sachs labeled th...
2010-12-16 08:23:15
Precious buys supramax resales [Shipping]
Precious Shipping has snapped up four supramax bulkers in a deal worth around $105m, the company said Wednesday. It has acquired the newbuilding contracts from special purpose companies controlled by Singapore-based Oswal Shipping Pte for $6.8m. ...
2010-12-16 08:19:55
BLRT plans to grow revenue [Shipbuilding]
Estonia's BLRT shipyard group thinks it can clean up in the construction and offshore vessel sector. The company's chairman Fyodor Berman told Bloomberg that revenue should rise as demand picks up for new ships. The group, which has yards in ...
2010-12-16 08:16:44
Tsakos to book suezmax pair [Shipping]
Tsakos Energy Navigation has confirmed its entry into the shuttle tanker sector by sealing a long-term contract in Brazil. New York-listed TEN will book two new suezmax tankers after signing charters worth more than $500m, a statement says. It exp...
2010-12-16 07:40:36
South west yards seek breakthrough [Finance]
'Jeollanam-do (south west region of South Korea) Shipbuilding Industry Development Seminar' was held in Hotel Hyundai, Youngam, Korea last Tuesday. In the seminar, Yang Jong-seo, a researcher at Korea Eximbank Overseas Economic Research Institute...
2010-12-16 07:31:37
Springboard set up for 'Take-Off' [Finance]
Korea's shipbuilding industry underwent the excessive recession last year, but the shipbuilding economy has bottomed out and entered an upward phase this year, showing a possibility of re-jump. According to Clarkson Research Services, Korean shipb...
2010-12-16 07:24:00
Hyundai-Steel exports offshore plates [Equipment]
Korea's Hyundai-Steel revealed it has signed a memorandum of understanding with EEW group, a thick steel pipe producer, in the EEW's headquarters in Malaysia on 14th December with Park Seong-ha, vice president at Hyundai-Steel, and Kurt Reichow, pres...
2010-12-16 07:12:34
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