$2.8bn high-tech Erhama Shipyard opens [General]
Paving the way for a new marine industry in Qatar, HH the Emir Sheikh Hamad bin Khalifa al-Thani inaugurated three phases of the $2.8bn state-of-the-art shipyard at Ras Laffan on Tuesday. The Emir also decided to name the world-scale facility afte...
2010-11-25 08:26:24
USC expects annual profit [Finance]
United Shipbuilding Corporation (USC) plans to finish this year with a profit, USC’s CFO Sergei Chenchik said at a launching ceremony of a river bulker held at Oka Shipyard. Sergei Chenchik did not give the profit figures, saying only that it co...
2010-11-25 08:17:01
Nakilat-Keppel secures major customers [General]
Keppel Offshore and Marine’s and Qatar Gas Transport Co’s (Nakilat) new joint venture yard in Qatar has signed up eight major owners including Japan’s “big three”. Nakilat-Keppel Offshore & Marine has signed letters of intent with Mitsu...
2010-11-25 07:39:31
Shipbuilders eye Yamal LNG [Offshore]
Russia's state-owned corporation, which includes a number of big Russian shipyards, among them the Sevmash and Zvezdochka yards in Severodvinsk, plans to bid for several contracts in the Yamal LNG project, company director Igor Ryabov told RBC.ru. ...
2010-11-25 07:35:56
USC to get $1bn for shipyards construction [Finance]
Russian shipyard group United Shipbuilding Corp. (USC) plans to raise about $1bn of credit next year for shipyards construction project in the Far East, USC’s CFO Sergei Chenchik said at a launching ceremony of a river bulker held at Oka Shipyard. ...
2010-11-25 07:30:48
Tiete builds 20 convoys for Petrobras [Equipment]
Petrobras has finalised the terms of a $239m contract tied to the construction of 20 tugboats and 80 barges in Brazil. The state-controlled oil giant's tanker arm, Transpetro, which awarded the deal to the domestic Estaleiro Rio Tiete shipyard ba...
2010-11-25 07:25:25
2nd hand ship transaction surges [Shipping]
According to official statistics, in 2010 the transaction value of global 2nd hand ship market reached $20bn. BIMCO expressed it was raised by nearly 60% against that of last year. ‘In fact the amount is increased by only 10%. That means the pri...
2010-11-24 14:10:52
Jiangsu new orders take 18.1% of global volume [Shipbuilding]
According to official statistics, during January to October, Jiangsu Provincial shipbuilding industry continued to defend both orders and deliveries successfully, with sustainable uptrend. In the past ten months, the output of Jiangsu reached 418 ...
2010-11-24 11:12:39
Chinese offshore: Troubled by finance shortage [Offshore]
Currently the offshore plant is regarded as the focus for most enterprises in post-crisis time. However, China’s finance support for offshore industry is very limited. Most Chinese banks which entered ship finance don’t involve offshore finance a...
2010-11-24 10:26:04
Rongsheng pens two VLCCs [Shipbuilding]
China's Rongsheng Heavy Industries (RHI) was awarded a new order for two VLCCs of 317,000-dwt class from India's state-owned Shipping Corporation of India (SCI). Each vessel costs $110m, hitting the highest price for a VLCC newbuilding so far thi...
2010-11-24 09:53:38
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