Bharati new yard delays [Equipment]
Bharati Shipyard has admitted its new Mangalore yard is behind schedule. It has blamed delays on pending government clearances and difficulties in acquiring land for what would be its sixth shipyard. “There is a slight delay in Mangalore be...
2010-09-29 08:39:29
Maersk fixes $6.75bn cash [Finance]
AP Moller-Maersk has fixed up a new credit facility for $6.75bn. The Danish shipping giant has put together a syndicate of 20 banks to draw on the huge sum. It refinances a $6.5bn credit line maturing in 2012 with 28 lenders. The company ...
2010-09-29 08:38:01
Seaspan orders four new tugs [Shipping]
North Vancouver, B.C., based Washington Marine Group member Seaspan International is splashing out on its largest tug build commitment of a single class of vessels in over 35 years. It recently signed a contract with Sanmar Denizcilik Shipyard, o...
2010-09-29 08:36:29
Sinopec plans LNG terminal [Offshore]
China Petroleum & Chemical Corp. has revealed plans to build a liquefied natural gas terminal in Maoming, Guangdong province, an unidentified official at the Maoming Development and Reform Commission told C1 Energy. The company known as Sinopec ma...
2010-09-29 08:35:43
Bharati in talks with SCI to sell a stake [Finance]
Bharati Shipyard Ltd. is in talks with Shipping Corp. of India Ltd. to sell as much as a 15 percent stake, Vijay Kumar, managing director of the Indian shipbuilder, spoke in an interview in Singapore yesterday. “We are interested and we have be...
2010-09-29 08:33:26
Former Hindustan bosses charged [General]
India has filed corruption charges against former Hindustan Shipyard Limited (HSL) officials. The Central Bureau of Investigation (CBI) alleges the three men showed undue favour in allotting the tenders for supplying steel plates. Ex-yard bos...
2010-09-29 08:31:56
ASL buys yard land and ships [General]
Singapore's ASL Marine is buying 21 ships and new shipyard land from Koon Holdings. Its ASL Shipyard will acquire the site next to its current plant. It comprises a four-story office building and single-storey workshop. ASL said: “In view o...
2010-09-29 08:29:29
SembCorp lands FPSO conversion [Offshore]
SembCorp Marine has scored two contracts worth nearly $60m. Singapore-listed SembCorp will convert an ageing BW tanker into a floating production unit and also upgrade an FPSO for Dutch owner Bluewater Energy. SembCorp says conversion work on...
2010-09-29 08:27:04
Lloyd Werft's ferry shortening project [General]
Germany's Lloyd Werft shipyard is to increase passenger capacity on two Stena ro-ros by making them shorter. Stena RoRo's 3,100-lane-metre Stena Trader (built 2006) and Stena Traveller (built 2007) will have 12 metres chopped from them in the mid...
2010-09-29 08:25:04
Seadrill taps into bond market [Finance]
Seadrill is the latest company controlled by Norwegian tycoon John Fredriksen to turn to the bond market. Oslo and New York-listed Seadrill is looking to collect up to $400m from the issue, only days after Ship Finance International netted $85m fr...
2010-09-29 08:22:35
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