Brazil funds Venezuelan shipyard [Finance]
Brazil's development bank BNDES has announced that it will pay for building a US$1 billion shipyard in Venezuela. The deal was discussed by Venezuela President Hugo Chavez and Brazilian President Luiz Inacio Lula da Silva during talks in Brasilia...
2010-05-06 07:41:21
Rongsheng eyes $1.5bn IPO [Finance]
Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley and JP Morgan to finalise plans for its long-awaited IPO in Hong Kong, aiming to raise up to $1.5 billion in the fourth quarter, sources told Reuters on Tuesday. This is Rongs...
2010-05-06 07:37:38
New Century cancels IPO [Finance]
China's New Century Shipbuilding Ltd. has called off its initial public offering for the Singapore Exchange. "New Century Shipbuilding Limited wishes to announce that it has decided not to go ahead with its planned initial public offering on the at t...
2010-05-06 07:34:37
Fincantieri inks cruiseship duo [Equipment]
Carnival Corporation has finalized contracts with Italy's Fincantieri shipyard for the construction of a previously announced pair of cruiseship newbuildings. The US-based cruise outfit says the two 3,600-pasenger ships will be operated by its s...
2010-05-06 07:30:09
Brazil to launch FPSO topside tenders [Offshore]
Petrobras is aiming to launch tenders before the end of this year for topside production modules for the eight floating production, storage and offloading units that will be installed on pre-salt fields such as Tupi, Guara, Iara and Carioca. "The...
2010-05-06 07:26:48
Korean pavilion at 'OTC 2010' [Offshore]
The '2010 Offshore Technology Conference' is being held from May 3rd until today at Houston, Texas, the US, where 2,532 enterprises are participating from about 40 countries and regions. Main exhibition items are offshore-related drilling system, ...
2010-05-06 06:55:36
'Big 4' secured $10bn orders [Shipbuilding]
Korea's 'Big 4' shipbuilders are winning significantly more new orders this year as newbuilding market recovers and ship prices pick up. Samsung Heavy Industries recently inked two 160,000-cbm LNG carriers with US oil firm Chevron for nearly $200m...
2010-05-06 06:49:46
LNG Resumes [Offshore]
LNG carrier newbuilding market is waking up from a two-year long sleep as Samsung Heavy Industries wins LNG carrier order from US oil major Chevron. Sources say the Korean shipbuilder has recently inked a contract with the oil company to build two...
2010-05-06 06:44:45
Samsung Q1 results leaping [Shipbuilding]
Samsung Heavy Industries reported much improved business results for the first quarter of the year. The Korean major shipbuilder announced on Tuesday in a regulatory filing that it has achieved revenue of KRW 2.2204trn ($1.989bn) and operating pro...
2010-05-04 15:33:44
Hengfu: Dead order revives [Shipbuilding]
A 57,000-dwt bulk carrier built by Ningbo Hengfu Ship Industry was recently delivered to Germany buyer. This is the first large sized ship oversea delivery for Hengfu since financial crisis broke out. Hengfu is a private Chinese shipbuilder locate...
2010-05-04 12:42:25
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