STX OSV share offering oversubscribed [Finance]
STX OSV’s initial public offering on the Singapore Exchange (SGX) was 4.2 times oversubscribed. STX OSV Holdings Ltd., STX Europe's subsidiary for Offshore Specialized Vessels division, received 1,383,079,044 valid applications for the 325,646,...
2010-11-12 08:09:37
Newbuilding orders cool off [Shipbuilding]
As we approach towards the end of the year, shipowners in both dry and wet sectors of shipping industry begin to slow down the rate of their investments in terms of fleet growth. After a year of pretty healthy levels of investment activity, it’...
2010-11-12 07:33:29
Hyundai names world's largest FPSO [Offshore]
Korea's Hyundai Heavy Industries has rolled out the world's largest floating production, storage and offloading facility by its own technology. The world's biggest shipbuilder held a naming ceremony on November 11th for the FPSO ordered by France'...
2010-11-12 07:14:43
Daewoo to re-join 10/1trn club [Finance]
Korea's Daewoo Shipbuilding & Marine Engineering president Nam Sang-tae said that the company will be able to re-join 'The 10trn/1trn Club' this year. Nam said at the 'Yon Gyeong Leaders Forum' held at Yonsei University on Wednesday, "We failed to...
2010-11-11 13:09:09
A $200m yacht to be launched [General]
The designers were negotiating with a well-known shipyard from Holland. The yacht was expected to be sale in the market soon. Puresang, who was a designer from Antwerp, said the design inspiration came from fairy tales such as Pinnochio and Moby D...
2010-11-11 11:37:43
Capacity control becomes common target [Shipping]
During World Shipping Summit held in Guangzhou China of November 9th 2010, the attendants constantly think that the pressure from overcapacity or oversupply would exist for a long time. As a result, the capacity control should be everyone’s respons...
2010-11-11 11:13:39
Chinese richmen rise from shipping & shipbuilding [Shipping]
Gao Yanming ranked 18th in China’s rich list, regarded as the Chinese King of Ships. Gao , who was 53 years old and, was Chairman of China’s HOSCO Group. According to Huran report, Gao’s personal property was raised by 320%, hitting $3.7bn. ...
2010-11-11 10:49:34
Samsung inks Seadrill drillships [Offshore]
Korea's Samsung Heavy Industries announced this morning that it has inked a contract with Norway's Seadrill to build two drillships for $1.08bn. The newbuildings are the same type as the three drillships Samsung has already delivered to the owner ...
2010-11-11 09:53:53
“Shipbuilding is my calling in life” [Shipbuilding]
One survey showed that most shipbuilding workers at Korea’s Deawoo Shipbuilding & Marine Engineering (DSME) think building a ship is their calling in life and still want to do shipbuilding related work after retirement even though the job is very t...
2010-11-11 09:14:42
Japanese manpower marks first fall [General]
The total number of workers at Japanese shipyards as of April 2010 fell 1% from a year before to 53,320 for the first decline in six years, according to a tally compiled by the Shipbuilders' Association of Japan (SAJ) on the basis of the results of a...
2010-11-11 09:11:42
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