RS keep on cooperation with USC [General]
In order to strengthen the competitive capability of the Russian design organizations and shipyards RS keeps on cooperation with the United Shipbuilding Corporation in 2010 to the benefit of state and other customers. Completion of Russian the f...
2010-01-21 15:48:29
China's output exceeds 40m dwt in 2009 [Shipbuilding]
Despite the global financial crisis, China's completed shipbuilding output in 2009 surged by more than 40 percent, with its share in the global market rising further. In 2009, China overtook South Korea as the country with the largest volume of n...
2010-01-21 15:41:40
Wonyoung Shipyard assets sold [Finance]
While shipbuilders and equipment makers are faced with a dearth of new orders and continued difficulties, Korean ship plumbing specialist Dongbang Ship Machinery took over assets of Busan-based Wonyoung Shipyard on January 14th. Dongbang acquired ...
2010-01-21 15:35:46
Daewoo builds $240m LNG plants [Offshore]
Korean construction company Daewoo Engineering & Construction said Wednesday that it had signed a $240m deal with oil major ExxonMobil to build LNG plants in Papua New Guinea. Under the contract, Daewoo will construct two LNG trains with annual pr...
2010-01-21 12:43:53
STX bags two 81K bulkers [Shipbuilding]
Korean shipbuilder STX Offshore & Shipbuilding is said to have clinched its second new order in the New Year. According to industry sources, STX reportedly signed a contract with a shipowner based in Europe to build one plus one 81,000-dwt bulkers...
2010-01-21 12:22:00
Euronav FSO conversion overdue [Offshore]
Euronav said its FSO conversion project (from ULCC) faced a little delay, giving Maersk Oil the right to cancel contracts for two of the units, foreign media reports. But the Belgian tanker owner said it does not expect Maersk to cancel the deal....
2010-01-21 08:32:30
ABG wins approval on WIS deal [Finance]
India’s private shipbuilder ABG Shipyard has received court clearance to restructure and take over ailing Western India Shipyard (WIS). The shipbuilder won approval from Mumbai’s high court to go ahead with a scheme that provides options for l...
2010-01-21 08:27:39
40% of bulker deliveries to slip [Shipping]
Jefferies & Co said failure of around 40% of dry-cargo newbuildings set for delivery in 2010 will keep the bulker market buoyant this year. Over $30m fall in values of capesize newbuildings booked in the boom years will ensure deliveries be delayed ...
2010-01-21 08:23:23
Technip wins Noble contract [Offshore]
Technip has been awarded a contract by Noble Energy for the development of the Aseng field off Equatorial Guinea, foreign media reports. Under the deal, the French contractor will supply and install a 30-km flexible pipe system, including six fle...
2010-01-21 08:21:20
Golden Ocean loses newbuilding fixture [Shipping]
Trustworth Shipping pulled out of a ten-year time-charter deal with Golden Ocean Group for a capesize newbuilding that has been left without secure employment. The 176,000-dwt Golden Future is scheduled for delivery from China’s Zhoushan Jinhai...
2010-01-21 08:19:51
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