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STX synergy power in limelight
[Equipment]
Korea’s STX Pan Ocean has recently been winning consecutive voyage contracts with domestic and foreign businesses, and the key point of this success might be ‘Total Solution’ between STX Offshore & Shipbuilding and STX Pan Ocean. STX Offsho...
2010-11-11 09:04:21
Credibility returns in shipbuilding
[Finance]
“Confidence in global shipbuilding industry has revived, and demand for shipping will get ahead of supply in 2011,” said Korea’s Hanjin Shipping president Kim Young-Min (pictured) on 8th November. Through the text of speech prepared for the...
2010-11-11 08:41:31
Neptune finding shipyard partner
[Equipment]
Neptune Renewable Energy Ltd. is looking for a shipbuilder as a partner. Neptune, based in North Ferriby, East Yorkshire, England, has successful completed a series of rigorous in-water tests on the full-scale demonstrator of its Proteus NP1000 t...
2010-11-11 08:17:42
Gazprom targets Korean market
[Offshore]
Russian gas giant Gazprom will start talks with Korean Gas Corporation (Kogas) next month on a deal which could see it supply the South Korean player with at least 10 billion cubic metres of gas per year from 2017, Gazprom chief executive Alexei Mill...
2010-11-11 08:14:14
Maersk posts stellar showing
[Shipping]
AP Moller-Maersk has topped expectations in an “exceptional” first nine months of 2010 as its interim profit passed its previous full-year forecast. A stellar performance from its container line and a rising oil price are behind the stronger ...
2010-11-11 08:11:45
Knightsbridge grows fleet as results improve
[Shipping]
Knightsbridge Tankers has turned in an improved set of third quarter numbers amid talk it is ready to add at least one more ship to its growing fleet. John Fredriksen-controlled Knightsbridge banked a profit of $8.87m in the three months to the e...
2010-11-11 08:08:49
Nine owners bid for Brass LNG
[Offshore]
Nine shipowners are putting together bids for up to 14 LNG carriers to serve Nigeria’s upcoming Brass LNG project. Industry players list those in the running as Malaysia’s MISC, BW Gas, Maersk LNG, Teekay, Angelicoussis-controlled Maran Gas M...
2010-11-11 07:41:02
Daewoo-built LNG carriers up for resale
[Offshore]
Two LNG carrier newbuildings contracted by Nobu Su-controlled Bluesky LNG are being marketed for resale by their owner, who as yet has failed to come up with the cash to make the final payments. A company official for Today Makes Tomorrow (TMT) s...
2010-11-11 07:38:33
Cosco warns against blind expansion
[Shipping]
Cosco boss Wei Jiafu has warned the shipping industry against irrational expansion. Speaking at the World Shipping (China) Summit in Guangzhou Cosco president and ceo Wei noted that the WTO forecast world trade growth would hit 13.5% this year, t...
2010-11-11 07:29:56
Nordic Yards lays keel for ice-tanker
[Shipbuilding]
Keel-laying of the Nordic AT 19 class ice-breaking tanker was held at Nordic Yards (Wismar, Germany) on November 1, 2010. The tanker was ordered by the Russian mining company Norilsk Nickel, the shipbuilding company said. As Nordic Yards owner an...
2010-11-11 07:25:45
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