China rolls out largest catamaran [Shipbuilding]
MV DONGYUAN01, China’s largest aluminum structure catamaran built by Wuchang Shipbuilding Industry, was delivered. The ship was designed by a subsidiary institute of China Shipbuilding Industry Corporation (CSIC). The successful delivery means ...
2010-02-05 16:19:50
Break offshore bottleneck: China [Offshore]
According to industry statistics, the exploration rate of China’s ocean petroleum is just 12% while that of ocean natural gas is lower, namely 10%. With China’s energy consumption rising, the dependence on foreign trade is increasing as well. ...
2010-02-05 15:39:13
Wuzhou inks LPG carrier trio [Shipbuilding]
China’s Taizhou Wuzhou Shipbuilding Industry has won an order for three 3,700-cbm LPG-carrier newbuildings from compatriot shipowner Shekou Southern China LPG. Local gas players say the delivery of the ships is set for 2011. Newbuilding price...
2010-02-05 15:33:23
Hyundai cuts capacity [Shipbuilding]
Korea's Hyundai Heavy Industries is set to cut back newbuilding capacity in an attempt to cope with the most severe orders drought in its history. In a dramatic reversal of its expansion in the past two decades, a series of closures could see prod...
2010-02-05 15:19:03
Hyundai won $444m in new orders [Shipbuilding]
Hyundai Heavy Industries booked shipbuilding contracts worth only $444m in 2009 as newbuilding deals dried up. The figure fell a long way short of the $7.5bn worth of new contracts targeted by the world’s largest shipbuilder at the start of the...
2010-02-05 07:27:05
Transocean mulls Petrobras rig tender [Offshore]
Transocean Ltd is mulling participation in Petrobras' planned tenders for 28 newbuilding rigs and drillships, the driller's finance chief said Thursday. "The tender terms are challenging," CFO Ricardo Rosa said at a Credit Suisse conference in Va...
2010-02-05 07:22:21
SLS may see more cuts [Shipbuilding]
United Arab Emirates shipowner Gulf Navigation is considering cancelling two 44,000-dwt chemical carriers ordered from South Korea’s SLS Shipbuilding as their delivery is running nearly six months late, said chief executive Per Wistoft. The two...
2010-02-05 07:19:12
Delivery delays hit BV revenue [Finance]
Delayed newbuilding starts and delivery postponements led to a drop in fourth quarter revenues for the marine division of classification society Bureau Veritas. Marine division revenues fell 5.9% to €76.3m ($105m) even though revenues for the y...
2010-02-05 07:16:12
Mitsubishi performance plunges [Finance]
Japan’s Mitsubishi Heavy Industries posted an 84.6% decrease in net income to JPY 4.2bn ($456m) in the nine months to the end of December 2009 as a result of the significant drop in the sales of its shipbuilding and ocean development business. MHI ...
2010-02-05 07:13:13
Samsung to win two more Suez [Shipping]
Stena Bulk’s boss Ulf Ryder has denied that the Swede has firmed up optional contracts for a pair of suezmaxes at Samsung Heavy Industries. The doubling of orders for 158,000-dwt units at the South Korean yard appears imminent, however, as Ryde...
2010-02-05 07:05:47
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