Marubeni enters LNG ship owning [Shipping]
Marubeni Corp has splashed out $700m to grab a stake in eight BW Gas LNG carriers. The investment marks the Japanese heavyweight’s first foray into LNG shipowning. In a statement Marubeni explains the octet will be transferred to a joint ve...
2010-10-15 07:49:44
Mitsubishi unveils green 14,000TEU [Shipbuilding]
Mitsubishi Heavy Industries has unveiled a new 14,000-teu containership design that will reduce carbon emissions by 35%. At the heart of the new MALS 14,000CS design is the company's proprietary Mitsubishi Air Lubrication System (MALS). This ...
2010-10-15 07:44:43
2010: Shipbuilding Recovers! [Shipbuilding]
This year the shipbuilding industry has shown a sustainable growth after experiencing an unprecedented crisis in 2009. The ship price is climbing up, albeit slowly, while freight rates also become stable. All seem that shipbuilding industry is on the...
2010-10-15 01:19:31
Jiangsu shipyards: Top of China [Shipbuilding]
Official sources showed that in the past three quarters, the growth of Jiangsu shipbuilding industry has kept strong uptrend. The newbuilding output, order intakes and orderbook all took the first place, which hit a new high. Statistics showed...
2010-10-15 01:19:09
Rongsheng mulls $1.5bn IPO in Hong Kong [Finance]
Jiangsu Rongsheng Heavy Industries Group, which is China’s largest private shipyard, went to Hong Kong Exchange for IPO valuation on October 14th. The scale reached as much as $1.5bn. The headquarters of Rongsheng are located in Jiangsu Province...
2010-10-15 01:18:43
Marine Tech Korea 2010 Near at Hand [Equipment]
The Marine Tech Korea 2010 is just around the corner. The international shipbuilding and marine exhibition is to be held at Changwon Exhibition Convention Center (CECO), Changwon, South Gyeongsang Province, South Korea during October 20th-23rd. 23...
2010-10-14 12:49:39
Korean go all out to revise IFRS [Finance]
While an exposure draft of the International Financial Reporting Standards (IFRS) is to be released late next month, South Korean shipbuilders are desperately seeking to make some revisions to the coming IFRS. Under the original IFRS draft, new sh...
2010-10-14 08:37:46
Austal awarded $205m JHSV contract [General]
Austal USA, Mobile, Ala., is being awarded a $204.6m modification to previously awarded contract (N00024-08-C-2217) for the exercise of construction options for ships four and five of the Joint High Speed Vessel (JHSV) program. The JHSV will prov...
2010-10-14 08:11:42
Conrad adds to order backlog [Shipbuilding]
Conrad Industries, Inc. has announced the signing of new contracts that bring its current backlog to approximately $86.0 million compared with $41.0 million at June 30, 2010, $38.3 million at December 31, 2009 and $56.1 million at September 30, 2009....
2010-10-14 08:08:55
Golar wins West Java LNG-FSRU [Offshore]
Golar LNG Energy is set to build Asia’s first LNG floating storage regasification terminal in West Java after sealing a deal with Indonesia’s Nusantara Regas. The contract will be for an initial period of about 11 years and includes the lease...
2010-10-14 08:05:42
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