Daewoo inks $211m TLP [Offshore]
Daewoo Shipbuilding & Marine Engineering has signed a contract to build a Hull for a Tension Leg Platform (TLP), worth around KRW 240bn ($211.3m). On November 16th local time, DSME held a signing ceremony with a global oil major to build the Hull ...
2010-11-17 12:31:28
Wisdom Marine eyes on Handysize market [Shipping]
Taiwanese Wisdom Marine Lines S.A. recently held press conference to introduce the company’s operation status before listing plan launched. Chairman Lan Junsheng indicated that Handysize and Handymax ships dominated the company’s fleet. Over ...
2010-11-17 10:21:45
Chinese output hit 50.8m dwt [Shipbuilding]
Statistics from Ministry of Industry and Information Technology showed that from January to October 2010, China’s output reached 50.80m dwt, rising by 58.4% against that of last year. The sea going ships reached 15.04m CGT. The export ships occupie...
2010-11-17 10:21:17
China: To catch up [Shipbuilding]
‘The shipbuilding in Yangtze River Delta represents the growth of Chinese shipbuilding industry, as well as problems’, said Chinese analyst Bao Zhangjing. During post-crisis time, in spite of order rebound, the CNY appreciation, material and l...
2010-11-17 10:20:54
'To be the best shipyard of China' [General]
There is a Chinese shipyard near Yangtze River whose name is Yangzijiang Shipbuilding. With over 50 years’ experience, Yangzijiang became the super star in Chinese shipbuilding industry, as well as in capital market. As the yard was listed in Taiw...
2010-11-17 10:20:17
IHI surges back again in Brazil [Offshore]
IHI is focussing on the Brazilian market again as the company opens Brazilian corporation, which is a base for local sales, on November 1. It was also picked by Petrobras, Brazil's stated-owned oil company, for FEED (Front End Engineering Design) ...
2010-11-17 09:32:03
Japan's building permits jump 80% [Shipbuilding]
According to Japanese Ministry of Land, Infrastructure, Transport and Tourism's Maritime Bureau, Japan's newbuilding permits in October increased by 77% y-o-y, reaching, in total, 57 vessels, 2 million GT and consecutively exceeding 200 million GT fo...
2010-11-17 09:14:37
Haeduk Powerway wins rudder deal [Equipment]
Korea's Haeduk Powerway announced on November 15 that it singed a contract for supplying rudder assembly worth KRW 1.538bn ($1.4m) with Hyundai Heavy Industries. Also, the company won other rudder assembly supply contracts with Sungdong Shipbui...
2010-11-17 09:03:27
Korean welcome EU regulations [Equipment]
Korea's shipbuilding companies would benefit from EU's strengthening environmental regulations. The regulation plan is being promoted for ships passing through European regional routes to reduce carbon dioxide emissions. And Europe's major ports,...
2010-11-17 08:48:05
PGS cashes up to build new ships [Finance]
Norwegian oil services provider Petroleum Geo-Services issued $275 million in shares Tuesday to expand its fleet, betting on a strong recovery in the market for seismic scans in search of oil and gas. PGS's issue comes amidst a sharp rise in dema...
2010-11-17 08:18:30
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