Aker wins Dragonquest extension [Offshore]
Norwegian oilfield services player Aker Solutions has won a Nkr90 million ($14.1 million) contract to supply a further 2500 feet of riser extension to Valencia Drilling’s the Dragonquest rig. The order comes in addition to the original delivery of ...
2010-07-12 07:13:19
Pipavav settles Golden Ocean dispute [General]
Pipavav Shipyard has announced that negotiations with the said Golden Ocean Group and its two associate/group companies (GOGL) have been concluded successfully. This is in regard to the earlier announcement letter dated Dec. 18, 2009, regarding 'o...
2010-07-12 07:11:05
Cosco rises on hopes of new orders [Shipping]
Shares of Singapore-listed Chinese shipping firm Cosco Corp rose as much as 3.4 per cent to $1.50 (US$1.08) last week, on anticipation the firm may receive more orders, traders said. 'Investors are turning more positive on the prospects of Cosco i...
2010-07-12 07:09:16
Vinashin at the brink of bankruptcy [Finance]
The Commission for Inspection of the Communist Party of Vietnam Central Committee announced that several Party organizations and members will be punished for serious violations of the Party rules. Among them is Pham Thanh Binh, Secretary of the Vietn...
2010-07-12 07:06:03
Cargotec wins electric crane order [Equipment]
Six open-hatch cargo ships ordered by Grieg Shipping will feature a total of 24 MacGregor variable frequency drive cranes. The order is worth EUR 20 million and was booked into the second quarter 2010 order intake Cargotec has signed a contrac...
2010-07-12 07:02:05
Odense eyes ro-ro resale [Offshore]
The Odense Steel Shipyard in Denmark has reportedly had several owners inspecting a 3,663-lane-metre ro-ro shortly set for completion. Sources suggest the yard could secure around EUR 50m ($62m) for the vessel, although no serious offers have bee...
2010-07-12 07:00:23
Indian resumes new yard project [General]
A newcomer to the Indian sector is looking to revive its shipbuilding plans. Mumbai-based BHP Maritime is set to begin constructing its proposed yard on the west coast of India later this year as it expects an ongoing legal battle between two of ...
2010-07-12 06:57:12
Mingde inks cape pair [Shipbuilding]
A signing ceremony for two 180,000-dwt bulk carriers was held on July 6th, 2010 at Nantong Mingde Heavy Industry in China. With the witness of Mr. Qin Yan, Deputy Director of Jiangsu Economic and Information Technology Committee, Mr. Song Wenhui,...
2010-07-12 06:51:14
Daewoo inks LOI for VLCC's [Shipbuilding]
Korea's Daewoo Shipbuilding & Marine Engineering has reportedly inked a letter of intent with Malaysia's tanker owner AET to build four 320,000-dwt very large crude carriers. Newbuilding price is said to be $105m to $110m per ship for delivery in ...
2010-07-12 06:27:06
Hyundai expands into energy biz [Equipment]
Hyundai Heavy Industries is diversifying its business portfolio into energy and resources development as it wins both international and local courts backing in the acquisition of Hyundai Oilbank. The world's largest shipbuilding group recently won...
2010-07-12 06:18:23
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