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Offshore
Shipbuilding
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Signet orders newbuilding tug
[Offshore]
Houston’s Signet Maritime Corporation has ordered a new tug at Colle Towing Company’s Colle Shipyard in Mississippi, foreign media reports. The Ramparts 3200 ASD tug will be built to ABS class and will be employed in Signet's US Gulf and over...
2010-01-11 07:44:07
Setaf axes delayed one at Pipavav
[General]
French shipowner Setaf has reportedly cancelled an order for one of four delayed bulkers contracted at Pipavav Shipyard in India. The Indian yard said the 74,500-dwt vessel was originally due in 2009, but work had slowed because installation of a...
2010-01-11 07:41:09
Harvey orders six OSVs
[Offshore]
Harvey Gulf International says it has placed an order for six offshore support vessels at Eastern Ship Building, foreign media reports. The New Orleans offshore vessel owner says the 5,650-dwt Tiger Shark vessels will be delivered in 19 months, w...
2010-01-11 07:38:34
Gazprom to order 4 LNG carriers
[Offshore]
Russian local newspapers reported that top executive of Gazprom, Russia's natural gas enterprise, has shown its intention to order four large-size LNG carriers from Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea. It is reported th...
2010-01-11 07:36:17
Indian yards face bleak 2010
[Shipbuilding]
Indian shipbuilders are heading for another bleak year in 2010 amidst weak demand for newbuildings and prospects of order cancellations as the global economy struggles to emerge from a slowdown, analysts said. Bharati Shipyard remains a lone prom...
2010-01-11 07:34:14
CSBC targets China and India
[General]
CSBC Corporation of Taiwan has resolved to kick off new business operations in 2010 by tapping the lucrative markets of China and India, including setting up a ship design and consulting firm in China. W.L. Cheng, chairman of CSBC, told local medi...
2010-01-11 07:32:01
Sovcomflot invests $1.6bn in offshore
[Shipping]
Russia’s state-owned Sovcomflot plans to invest at least $1.6bn over the next six years to significantly expand its offshore and specialist upstream oil-and-gas shipping-service operations to complement its core tanker business. The tanker gian...
2010-01-11 07:29:26
21st Century in financial squeeze
[Finance]
South Korea's 21st Century Shipbuilding has filed for a debt-restructuring program as it faces a financial crunch caused partly by huge losses from derivatives trading. Industry sources say the Tongyeong-based, medium-size yard has applied for th...
2010-01-11 07:25:19
China funds LNG/LPG fleet
[Finance]
China is to encourage its domestic shipping industry to compete with foreign LNG players with the launch of a CNY 20bn ($2.9bn) fund, foreign media reports. The fund is to target investments in large-scale specialized LNG and LPG vessels and also ...
2010-01-11 07:22:03
Beluga Hochtief mulls orders in Germany
[Equipment]
Hochtief Construction confirms that it and its shipowner partner Beluga intend to throw a lifeline to Germany's hard-pressed shipbuilding industry. Sonja Waldeuer said Essen-based Hochtief's joint venture with Bremen-based Beluga aims to order fou...
2010-01-11 07:20:01
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