PPL sells newbuilding to Transocean [Offshore]
PPL Shipyard is selling a jack-up rig to Transocean for $195m. The rig already under construction at the Singapore yard is being built to a Pacific Class 400 design and due for delivery fourth quarter of 2011. The rig will be capable of opera...
2010-11-17 08:16:35
Ezra acquires US fabrication yard [General]
Ezra Holdings continues on the expansion trail with the acquisition of a fabrication yard in the US. Singapore-listed Ezra is purchasing a 650,000 sq feet fabrication facility in Houston for an undisclosed sum. The company said it would complimen...
2010-11-17 08:14:41
STX OSV doubles Brazil yard capacity [Offshore]
STX OSV Holdings Ltd., the biggest maker of oil-rig support vessels, plans to double capacity in Brazil as Petroleo Brasileiro SA works through the world’s largest oil-exploration investment plan. The offshore-vessel builder will begin producti...
2010-11-17 08:12:23
Secondhand S&P to reach $20bn [Shipping]
The secondhand S&P ships market has resumed normal service, after the halt of the final four months of 2008 and most of 2009, according to a new analysis from BIMCO’s analyst Peter Sand. According to it, 2010 is going to end with reported sales...
2010-11-17 08:09:24
Hamworthy inks LNG regasification deal [Equipment]
UK's Hamworthy, a handling systems manufacturer for the oil and gas industry, has announced it will provide Golar LNG Energy with a liquid natural gas regasification system in 2011. The £20m contract marks the beginning of another collaborat...
2010-11-17 08:05:47
Maersk to order new jack-up rigs [Offshore]
Maersk Drilling, which has the second-youngest fleet of oil rigs, aims to order a new one every six months as rental rates rise and competitors buy each other or combine, its chief executive officer said. “We need to be somewhat bigger to becom...
2010-11-17 08:02:17
PC trio cancelled at Hyundai Mipo [Shipbuilding]
Hyundai Mipo Dockyard has suffered newbuilding cancellation as European owner culls a contract for three product/chemical tankers. Three bulk carriers booked by the same owner as part of a deal signed back in December last year remain in tact, Hyu...
2010-11-17 07:57:06
Hanjin reveals 3,800TEU series order [Shipbuilding]
Korea's Hanjin Heavy Industries & Construction announced today that HHIC-Phil, its subsidiary in the Philippines, recently inked a newbuilding contract with Belgium's Delphis to build eight 3,800-teu containerships (including four optional units). ...
2010-11-16 12:52:14
COSCO Shipyard: From repair to newbuilding [Shipbuilding]
Recently a naming ceremony of a 30,000dwt heavy lifter built by COSCO Dalian Shipyard was held. The ship was ordered by Chinese-Polish Joint Stock Shipping Company (Chipolbrok). COSCO, with ex-name of global king of shiprepairing, delivered 26 sh...
2010-11-16 10:10:54
China to face technical obstacle [Shipbuilding]
‘So far, China has surpassed Korea in terms of output, order intakes and orderbook,’ said Chinese analyst Liang Zhiyong. Frankly China became the world No.1. However, he also indicated that in next five year China would face serial challenges fro...
2010-11-16 10:10:19
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