USC adds another shipyard [General]
Russia’s Zelenodolsk shipyard is likely to join the ever-growing empire of state holding company United Shipbuilding Corporation (USC). The president of the Tatarstan region, Rustam Minnikhanov, wants to transfer a blocking stake in the yard to...
2010-06-23 08:13:56
Greek ships shrink [Shipping]
The Greek-owned fleet shrank by more than 100 vessels last year, its first reduction in half a decade, a new report says. According to Petrofin Research the reversal was caused by owners scrapping smaller, older ships to fund the addition of mode...
2010-06-23 08:11:44
Promar Ceara yard project hard going [General]
Brazilian shipyard Promar Ceara won't be built in the state that bears it name and that could mean costly delays for Transpetro's eight-unit LPG newbuilding programme. The Rio de Janeiro-based shipowner says the "virtual shipyard" won't be breaki...
2010-06-23 07:52:48
Petrobras extends FPSO deal [Offshore]
Teekay Corporation has landed a contract extension for one of its floating production storage and offloading (FPSO) units, the company revealed Tuesday. New York-listed Teekay says Petrobras will hold onto the 44,800-cbm FPSO Cidade de Rio das Os...
2010-06-23 07:49:26
Sembcorp breaks ground on new yard [Shipbuilding]
Sembcorp Marine has broken ground on its new integrated yard in Singapore. The Singapore yard group is building a 206-hectare yard in Tuas, in the west of Singapore. The first phase of 73.3 hectares is being built at a cost of S$750m and will inc...
2010-06-23 07:47:48
STX inks kamsarmaxes in China [Shipping]
STX Pan Ocean has joined the kamsarmax ordering frenzy with newbuildings contracted in China. It has ordered a series of kamsarmax bulkers in China in a deal announced on Tuesday. The South Korean and Singapore-listed shipowner said the newbuildin...
2010-06-23 07:42:57
Boom period to come in 2012 [General]
It is predicted that the shipbuilding industry will experience a gradual rising trend in the second half of 2011 when the industry restructuring process is completed. Then, in 2012, the industry will be booming. Analyst Park Seung-hyeon from IBK S...
2010-06-23 07:20:51
Buyer's market continues [Equipment]
Even if the shipbuilding industry is showing a trend of recovery with new orders, it is analyzed that it will take more time for the shipyards to take back the leadership related to new ship order negotiations from the shipowners or buyers of the ves...
2010-06-23 07:12:48
Big 4 new orders surge [Shipbuilding]
In the first half of this year, new ship orders at the giant Korean shipyards have rapidly increased by 10 times compared to the figure in the same period of last year. The amount of new orders is continuously recovering. Hyundai Heavy Industries...
2010-06-23 07:02:15
China steps to deep-sea exploitation [Offshore]
Environmental safety and technology are two keys for deep-sea oil and gas exploitation. MV HAI YANG SHI YOU 201, Asia’s first 3000-meter deep-sea pipe laying lifter, will be delivered at the end of this year. The newbuilding cost totaled CNY300m...
2010-06-22 09:51:42
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