COSCO-STX win newbuilding loan [Finance]
Bank of China Zhejiang Branch currently cooperated with ING Bank N.V to provide $92.1m loans to COSCO Zhoushan Shipyard as buyers credit for export, which will finance STX's bulk carrier newbuildings. This is the first international banking loan i...
2010-10-14 01:17:47
PST orders two bulk carriers [Shipping]
Pacific Shipping Trust (PST) recently purchased two new bulk carriers at $60m. An insider revealed the ships will be chartered by COSCO Xiamen Branch. As a result, PST’s fleet achieves 16 ships The ships were ordered from China Shipbuilding and ...
2010-10-14 01:17:06
Offshore plant orders to jump 60% in 2011 [Offshore]
Orders for new offshore plants are set to soar next year and South Korean shipbuilders are forecast to post increased revenue since 2013. Seoul-based Daishin Securities analyst Jeon Jae-cheon said, "Offshore plant newbuilding orders are expected t...
2010-10-13 12:49:22
Shipbuilders getting polarized [Shipbuilding]
Recently, STX Offshore & Shipbuilding won a gigantic $1.4bn order for 10 mega containerships (four firm and six optional) and South Korean 'Big 4' shipbuilders, namely Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine E...
2010-10-13 08:33:05
Hamworthy pumps prime for Brazil offshore [Equipment]
Gusto BV has specified seawater lift pumps and electric fire pumps from Hamworthy for installation on board the Cidade de Paraty floating production and storage offshore (FPSO) vessel, due for delivery into Brazilian waters in 2013. Gusto, the design...
2010-10-13 08:18:07
Canada shortlists yards to build ships [Shipbuilding]
Five Canadian shipyards were short-listed to build large ships under a procurement strategy. They are Davie Yards Inc., Levis, QC, Irving Shipbuilding Inc., Saint John, NB, Vancouver Shipyards Co. Ltd., North Vancouver, BC, Kiewit Offshore Service...
2010-10-13 08:14:56
USC to build RUB 1bn supply base [Finance]
President of the United Shipbuilding Corporation, Roman Trotsenko and Murmansk Region Governor Dmitry Dmitrenko have reached an agreement on the issues of ensuring of industrial development of the Arctic shelf, the Murmansk region government press of...
2010-10-13 08:09:54
Yangzijiang acquires equipment manufacturer [Equipment]
"Vertical integration" is alive and well in China. And while marine equipment manufacturers worldwide view China as a massive export market, Chinese shipbuilders may not see "partnership" with outside suppliers as a long term ideal. China's Singa...
2010-10-13 08:07:03
Norway keen to invest in Bangla energy & shipyard [General]
The Norwegian government has expressed keen interest to invest in Bangladesh's energy, power, shipbuilding and agriculture sectors, reports UNB. The Nordic country has also showed interest for joint venture with Bangladesh in the sectors of renewa...
2010-10-13 08:05:16
Orange wins new ferry order [Offshore]
Orange Shipbuilding of Texas has won a new order for ferry building from North Carolina for $14.9m. The state had estimated the contract for a second Sound Class vessel at $15.8m, but the Conrad Industries' subsidiary came in cheaper. The dea...
2010-10-13 08:02:33
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