Drydocks names 3-D seismic vessel [Offshore]
Dubai’s largest ship repair, conversion and newbuilding yard and the flag ship operation of Drydocks World Group followed up its success in sophisticated building capability by building the seismic vessel NB65 for its client WesternGeco. A nami...
2010-07-06 08:08:58
Sinopacific signs 58K BC [Shipbuilding]
Private Norwegian bulker owner and operator Western Bulk continues to grow its fleet with another supramax newbuilding. The company has gone for a third 58,000-dwt bulker at Sinopacific Shipbuilding Group’s Dayang Shipyard for delivery in Novem...
2010-07-06 07:41:38
Daewoo inks four chemical's [Shipbuilding]
Norwegian shipowner Odfjell and its Saudi joint venture partner have ordered two chemical tankers at Daewoo Shipbuilding & Marine Engineering in South Korea. Odfjell said it had placed a $65m order for a 75,000-dwt IMO II chemical tanker for deli...
2010-07-06 07:34:37
Daehan cruises smoothly, winning RG [Finance]
Daehan Shipbuilding's rehabilitation procedure is going smoothly as it succeeds in receiving refund guarantees (RG) and newbuilding inquiries increase. The South Korean shipbuilder secured refund guarantee from the Korea Development Bank last week...
2010-07-06 07:12:03
Orders Rebound [General]
Korean shipbuilders in South Jeolla Province, southwestern part of the country, which had won '0' new ship orders last year, have inked 21-ship orders in the first half of this year, signaling a recovery of newbuilding market. During the first six...
2010-07-06 07:07:27
DSME inks 32 ships worth $3.2bn [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering said today that it has inked 4-ship orders worth about $300m at the end of last month. The South Korean shipbuilder signed a contract on June 28th with Kuwait Oil Tanker Company S.A.K. (KOTC) to build two a...
2010-07-05 11:49:50
Pipavav appoints new CEO [General]
India’s Pipavav Shipyard has brought in an experienced old hand as its new CEO. The company said that as part of its “strategic corporate restructuring”, former navy commodore M Jitendran will replace Jai Prakash Rai. Rai will become group ...
2010-07-05 08:29:23
DnB NOR gains China license [Finance]
DnB NOR has been awarded a Renminbi currency licence in a move it believes will strengthen its position in ship finance in China. The Norwegian bank said the license enables it to provide finance to customers in China in Renminbi across the count...
2010-07-05 08:27:24
Tsuneishi China inks supramax [Shipbuilding]
Tsuneishi Group (Zhoushan) Shipbuilding has penned an order for a 58,000-dwt supramax bulk carrier with Norway's JJ Ugland group. The vessel has a price tag in excess of $33m but its specifications are unknown. It is set for delivery in 2012. ...
2010-07-05 08:25:20
USC may buy Nordic [Finance]
Russian holding company United Shipbuilding Corporation (USC) has been linked to yet another yard takeover as it expands its empire. This time it is Russian-controlled Nordic Yards, which has two plants in Germany and one in Ukraine. It was f...
2010-07-05 08:21:49
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