China switches to low carbon [Shipbuilding]
Jiangnan Shipyard, regarded as the birth place of Chinese national industry, recently celebrated 145th birthday. Jiangnan announced in summit that they would switch to low energy conversation, low carbon and environmental protection. Jiangnan’s ...
2010-06-16 01:12:33
Trojan Horse in ship finance [Finance]
In Greek mythology, ‘Trojan War’ is a shinning page, as well as the Horse Trick. Experiencing ten years’ standoff, the Greek finally occupied Trojan by Horse Trick. At present, a similar war is occurring in ship finance community. America...
2010-06-16 01:11:57
More cargos and fewer ships? [Shipping]
High freight rate has arrived. But how long will it go on? ‘Currently international container shipping routes are on perfect condition, some of which even hit the highest point ever,’ said General Manager Zhang Liang of COSCO. It passed just ...
2010-06-16 01:11:20
China rolls out digital shipbuilding lab [Shipbuilding]
China rolled out national digital shipbuilding engineering digital laboratory. China State Shipbuilding Corporation (CSSC) convened a seminar in Shanghai, for the digital lab. As is introduced, previously National Development and Reform Commis...
2010-06-15 10:02:19
China steps up: Offshore [Offshore]
In 2010 Chinese offshore plant manufacturing seems to be cruising on highway. On May 28th, Chinese first 3000-meter deepwater pipe laying lifter came out of the dock. Furthermore, the country’s sixth generation deepwater drilling platform was also ...
2010-06-15 10:01:50
CMG holds optimism on market [Shipping]
China Merchants Energy Shipping (CM Energy Shipping), a subsidiary company of China Merchant Group (CMG), recently issued mid-term prospect report of 2010. CM Energy Shipping speculated the net profit of the first half 2010 would increase by 90% ...
2010-06-15 10:01:13
Petrobras 24-topside tender coming [Offshore]
Brazilian oil giant Petrobras is set to receive bids in the last week of June for a massive tender seeking 24 topside modules for its P-58 and P-62 floating production, storage and offloading vessels.
2010-06-15 08:42:46
Hamworthy wins FPSO deal [Equipment]
UK ship systems player Hamworthy has won an FPSO contract and two deals for LPG equipment. The London-listed company said it will supply pumps and pump systems for BW Offshore’s Papa Terra production unit off Brazil. This includes the cargo pum...
2010-06-15 08:27:34
ABG enters mining ? [General]
India’s ABG Shipyard is reportedly in talks over acquiring bauxite mines in Sierra Leone. A joint venture has been proposed with Sierra Leone Exploration Mining Company (Slemco), the Hindu Business Line daily claims. The mines, located in P...
2010-06-15 08:24:04
Yangzijiang invests in venture capital [Finance]
China’s Yangzijiang Shipbuilding is to plough CNY 60m ($8.78m) into a domestic venture capital investment fund. The Singapore-listed yard will gain a 20% stake in Jiangsu Huagong Venture Capital for its money. The deal has been put together...
2010-06-15 08:22:33
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