Samsung wins LNG terminal [Equipment]
Samsung C&T Corp., a Korean trading company, said Monday that it has won a deal to build a liquefied natural gas (LNG) facility in Singapore for 730 billion won. Under the deal with Singapore LNG Corp., Samsung C&T will complete the construction o...
2010-02-10 08:52:58
Uljanik for sale for $74m [Finance]
The Croatian government is trying again to sell the profitable Uljanik Shipyard for HRK 397.5m ($74.2m). That is the price it wants for a stake of 59.25% in the shipbuilder. A further 25% of the Pula-based yard will be on offer to workers. ...
2010-02-10 08:34:34
Olsen orders wind turbine install ships [Offshore]
Norwegian owner Fred Olsen has splashed $320m on two new wind turbine installation ships. The Fred Olsen Windcarrier has signed on at Lamprell Energy for the $160m vessels, with two options attached. The ships will be built at the Jebel Ali y...
2010-02-10 08:32:38
Floating rigs glut [Offshore]
Owners of floating drilling rigs are facing a difficult market this quarter because of the surplus in semi-submersible rigs and drillships following a series of deliveries over the last six months. Since July, 14 newbuildings have been delivered,...
2010-02-10 08:28:02
Hegemann restructuring underway [General]
The restructuring of ailing German shipbuilder Hegemann is set to move forward this week, despite the surprise resignation of chief negotiator Martin Hammer. Mr Hammer was appointed late last year to mediate between the Hegemann group, its truste...
2010-02-10 08:24:17
Daewoo pre-signs VLCCs [Shipbuilding]
Greece’s Almi Tankers has inked a letter of intent with Daewoo Shipbuilding & Marine Engineering for two 318,000-dwt VLCCs, following up its surprise pre-Christmas order for 10 suezmaxes at the same Korean yard. Neither side foresees any obstac...
2010-02-10 07:40:27
Greenfield hampered by green move [General]
Plans to build a new greenfield yard in India to construct offshore vessels has been put in jeopardy by environmental concerns. A new directive from the Indian environment ministry has delayed the proposed project by domestic offshore-services pla...
2010-02-10 07:37:41
Pipavav ups manpower by 4-times [General]
Pipavav Shipyard based in Gujarat, India said it plans over four-fold increase in its workforce from the current 1,800 people over the next three years to sustain the company's growth momentum. "The shipyard, which is brand new, already employs 1...
2010-02-10 07:33:26
Greek snaps up resale in China [Shipping]
Medcare Shipping of Greece has gone back to Zhejiang Jiantiao Shipyard of China for a supramax resale, saying prices now make sense. General manager Grigoris Moutzouris confirms the company has taken a 57,000-dwt bulker for $28.5m and is now looki...
2010-02-10 07:30:12
IHI back to profit [Finance]
Japanese shipbuilder IHI has edged back into profit in the first nine months, and it is forecasting a much stronger fourth quarter performance. The company said net earnings to 31 December were JPY 52m ($581,000), against a loss of JPY 24.55bn in...
2010-02-10 07:26:44
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