Samkang inks offshore WT jacket [Equipment]
Korea’s steel pipe manufacturer Samkang M&T, which is aggressively seeking to advance into offshore plant market, said on Tuesday that it has signed a contract with compatriot Doosan Heavy Industries & Construction to supply ‘jackets’ to be ins...
2010-05-04 11:53:11
VLCC freight up 17% [Shipping]
As is revealed earlier, VLCC freight rate of Middle East to Asia route has broken W100. Encouraged by this rumor, the VLCC long-term freight rate was increased by 17%. ‘We are on extremely busy condition. It’s crazy for crude oil tanker route,...
2010-05-04 11:48:34
DSME-HHI vie for $1.5bn FPSO [Offshore]
Angola's state oil company Sonangol has rejected Total's recommended contractors for the giant Clov project, including a coveted award to build a $1.5 billion floater that now looks set to go to Daewoo Shipbuilding & Marine Engineering (DSME) of Kore...
2010-05-04 11:14:39
CIMC in talks for $3bn offshore orders [Offshore]
A representative of China’s International Marine Containers (Group) Ltd (CIMC) said the group was negotiating several offshore contracts totaling $3bn. About one or two of them are believed to have been signed recently. The offshore project play...
2010-05-04 11:09:33
Petrobras FPSO tender postponed [Offshore]
Brazil’s Petrobras has postponed by one week a tender for a chartered floating production, storage and offloading vessel able to produce up to 80,000 barrels per day on the shallow-water Tiro-Sidon oilfield development, in the Santos basin. The...
2010-05-04 10:54:45
HHI joins KSP acquisition bid [Equipment]
Korea's and world's largest shipbuilder Hyundai Heavy Industries is reportedly planning to acquire KSP, compatriot ship engine valve manufacturer. KSP had announced on April 26th that it would launch a competitive open bid for its paid-in capital ...
2010-05-04 10:11:42
SBM wins WT vessel design [Equipment]
SBM Offshore N.V.'s subsidiary SBM-GustoMSC has signed a contract with Dubai based Lamprell Energy for the design of two wind turbine installation jack-up vessels. Additionally SBM-GustoMSC received orders from the shipyard for the supply of the...
2010-05-04 08:55:27
'Bottom Fishing' Era Passed [Equipment]
Far Eastern shipyards are calling time on a run of price discounting in response to a significant upturn in steel costs. It now seems that shipowners looking to pick up cheap newbuildings from reputable yards have missed the boat. South Korea...
2010-05-04 07:33:22
Shanghai books 76K BCs [Shipbuilding]
China's state-owned Shanghai Shipyard is finalising a two-ship order with a domestic company. Market players say Ningbo Fenghua Shipping has approached the China State Shipbuilding Corp (CSSC)-controlled yard to construct a pair of 76,000-dwt pan...
2010-05-04 07:28:51
Daewoo VLCC pre-delivery resale [General]
Ghassan Ghandour-controlled Gulf Marine Management of Greece has sold three VLCCs for below their order price. Sources say Evangelos Marinakis’s private company, Capital Ship Management, has taken the 319,000-dwt Atlantis Glory, which is due fo...
2010-05-04 07:25:01
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