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Offshore
Shipbuilding
Equipment
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Shipping
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BC fleet growth, slower than expected
[Shipping]
According to original Clarkson statistics at the beginning of this year, in 2010 about 7.85m dwt Chinese owned bulk carrier orders (below 80k dwt size) were expected to be delivered. However, actually only 3.62m dwt was added by the end of September....
2010-11-03 08:00:40
VLCC: Five units up per month
[Shipping]
According to Mcquilling report, more and more VLCCs were rushing into the market since the beginning of this year, at the speed of five units per month. As a result, tanker owners kept pessimistic views on the market due to the huge number of VLCC...
2010-11-03 07:42:54
Sovcomflot confirms Daewoo order
[Shipping]
Sovcomflot revealed details of its big tanker order involving Korea's Daewoo and the Russian state shipbuilding company. The owner said it will build four aframaxes and two LR2 tankers between 2012 and 2014 at Daewoo Shipbuilding & Marine Enginee...
2010-11-03 07:32:15
Offshore plant orders growing
[Offshore]
Korean shipbuilders have secured new orders for offshore plants such as floating production storage and offloading units totalling over $10bn so far this year, after a hiatus of one year. While recovery in commercial ship orders like containership...
2010-11-02 12:51:14
Daewoo pens $510m offshore gas platform
[Offshore]
Daewoo Shipbuilding & Marine Engineering announced today that it has recently secured an order for an offshore platform for production of crude oil and natural gas. The Korean shipbuilder said it has inked a contract with US oil major Chevron to b...
2010-11-02 10:10:11
India to drop building experience rule
[General]
India may lift restrictions on local shipbuilders bidding for state contracts to build containerships and oil tankers to help them compete with Korean and Chinese yards, an official with direct knowledge of the matter said. The shipping ministry ...
2010-11-02 08:28:21
Panamax bulkers lose steam
[Shipping]
The dry bulk market began this week on a negative tone, with all shipping segments on the red, with Panamax in particular dropping the most, thus limiting last week’s gains. The Baltic Dry Index (BDI) was down yesterday at 2,648 points, a fall ...
2010-11-02 08:25:24
IHI net profit jumps in H1
[Shipbuilding]
Japan’s IHI Corp is predicting a weaker second half after posting a big interim profit. The shipbuilder said net earnings in the six months to 30 September were JPY 13.49bn ($167.64m), up from JPY 4bn in the same period a year ago. Revenues...
2010-11-02 08:23:38
Heavy backlog suppresses dry sector
[Shipping]
Dry-cargo stocks will remain relatively dead money while a huge newbuilding orderbook continues to hang over the sector, JP Morgan says. Its warning comes as the US investment bank predicts a decline in earnings next year due to continuing fleet ...
2010-11-02 08:21:08
Colombo gets order for MPSV duo
[Offshore]
Sri Lankan shipbuilder Colombo Dockyard has secured contracts for two 78-metre Multipurpose Platform Supply Vessels (MPSVs) for Greatship Global Offshore Services of Singapore, a statement said. The vessels, to support offshore oil and gas fields ...
2010-11-02 08:17:22
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