Societe Generale inks shipfinance [Finance]
French shipfinance bank Société Générale clinched a first deal earlier this month with a $167m loan to a leading tanker owner backed by the Chinese export credit agency Sinosure. The deal is to finance a clutch of mediu...
2009-12-23 07:18:51
Russia supports Sevmash [Finance]
The Russian government is going to support Sevmash PA of Severodvinsk, the shipbuilder’s press service reports, citing PM Vladimir Putin who spoke at a meeting on the development of Russian shipbuilding industry in St. Petersburg. Nikolay Kalistrat...
2009-12-23 07:15:53
Croatia postpones yards sale [Finance]
Croatia's prime minister, Jadranka Kosor, said an attempt to sell ailing shipyards had been delayed to try to agree conditions for their privatization with the European Commission. The sale of loss-making and heavily subsidized shipyards is a key...
2009-12-23 07:12:15
Technip wins LNG-FPSO Feed [Offshore]
French oil and gas industry contractor Technip has secured a contract from Brazilian state-owned energy company Petrobras for a front-end engineering design (Feed) study for a proposed floating liquefied natural gas (FLNG) unit. The contract has been...
2009-12-23 07:09:13
STX wins another PSV pair [Offshore]
South Korea's STX Business Group said Wednesday that STX Europe has clinched an order from Island Offshore for two PSV newbuildings amid expectations of an uptick in the market. The Norwegian shipowner will pay NOK 800m ($136m) for the UT 776 CD d...
2009-12-23 07:03:54
Asiasis - Shiptec China cooperation [General]
On December 21st, South Korea’s leading shipbuilding newspaper Asiasis, Inc. has signed a media cooperation agreement with Dalian Xinghai Exhibitions Co., Ltd., the organizer and manager of ‘Shiptec China 2010’ scheduled to be held from 26th to...
2009-12-23 06:32:39
Midsize shipbuilders faltering [Shipbuilding]
Prolonged downturn in shipbuilding market is taking its toll on South Korea’s small and medium-sized shipbuilders as an increasing number of them are applying for bank-led rehabilitation proceedings, squeezed by severe financial difficulties. Fo...
2009-12-23 06:28:59
ClassNK opens duo [General]
Japanese ship classification society Nippon Kaiji Kyokai (ClassNK) announced last Friday the establishment of two new offices in Africa and the Middle East this month. The first is a new office in Accra, Ghana, which will officially open on December...
2009-12-22 14:20:18
Russia eyes production line [Shipbuilding]
Russia should focus on production line for shipbuilding, rather than one-of-a-kind projects, Prime Minister Vladimir Putin said. "This is the only way of ensuring that budget funding is put to really good use, not spread thin on the ground between...
2009-12-22 14:11:21
STX wins $200m housing project [General]
STX Construction said Tuesday that it has signed a $200m deal with Younex Enterprise Corporation for ‘Guam Workforce Housing Project’. Under the contract, STX will construct housing complex and subsidiary facilities on a site of 540,000㎡ in De...
2009-12-22 13:36:54
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