Tsuneishi-Cebu to deliver its biggest ship [Shipbuilding]
Cebu-based shipbuilder Tsuneishi Heavy Industries (Cebu) Inc (THICI), one of Cebu’s largest employers, is set to deliver the biggest locally build sea vessel to its new owners this Thursday. In a statement, THICI—a joint venture between J...
2010-11-10 08:15:39
Jurong achieves SeaDragon milestone [Offshore]
Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine, has achieved a key milestone with the construction success of SeaDragon I, the largest ultra-deepwater semi-submersible drilling rig to be completed in Singapore. SeaDragon I, the firs...
2010-11-10 08:12:07
Rongsheng eyes $2.28bn in IPO [Finance]
Rongsheng Heavy Industries is set to become China's largest company listed in Hong Kong with a HK$17.67bn (US$2.28bn) initial public offering (IPO). The IPO opened at noon on Monday and will close at noon on Thursday, November 11. The 12.5% of th...
2010-11-10 08:03:03
Bourbon tips better offshore [Offshore]
Bourbon predicted improved fortunes for the offshore market next year after booking a rise in third quarter income. French offshore giant Bourbon says its revenue climbed by 6.4% in the three months to the end of September thanks largely to fleet...
2010-11-10 07:57:58
JES eyes offshore plant orders [Offshore]
JES International is the latest yard to talk up a move into the offshore market. Chairman Jin Xin says an offshore foray is possible after the shipbuilder completed the construction of a second yard next to its original Shiwei Port facility. In a...
2010-11-10 07:55:18
Navios tanker twist [Shipping]
Navios Maritime Acquisition has again dived into the tanker sale and purchase market but this time there is a twist. At the same time as picking up two products tankers in South Korea the shipowner has put off the arrival of two other newbuilding...
2010-11-10 07:51:41
Fredriksen buys supramax pair [Shipping]
John Fredriksen’s Ship Finance International has laid down just over $60m for two more supramax newbuildings. It has penned the 57,000-dwt twins after securing 10-year charters for the ships. Ole Hjertaker, CEO of SFI, said the vessels are resa...
2010-11-10 07:48:39
Petrobras' drillship orders, within this year? [Offshore]
Brazilian oil giant Petrobras denied reports that the process for contracting oil well drilling ships in Brazil is behind schedule, local reports said today. Contracting will proceed in line with planned delivery schedules which can still be met,...
2010-11-10 07:46:13
Evergreen set to order 8,000TEUs soon [Shipbuilding]
Taiwan's Evergreen will soon add to its massive newbuilding tally, according to chairman Bronson Hsieh. It will order 10 8,000-teu containerships as quickly as possible, he said. The owner was close to penning a deal for the vessels at STX in...
2010-11-10 07:39:03
Asians return to shipyards [Shipping]
Asian containership owners are set to resume ordering newbuildings, with Hanjin Shipping and CSCL likely to ink new ships soon. As box markets continue to improve, Korea's Hanjin Shipping said it could announce a contract for medium-sized vessels...
2010-11-10 07:34:43
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