Sungdong inks first orders [Shipbuilding]
South Korea’s Masan Shipyard owned by Sungdong, parent company of Sungdong Shipbuilding & Marine Engineering, has won an first ever order for newbuildings. It is the first order intake for Sungdong since it took over the Masan shipyard from Hanj...
2009-12-09 06:58:12
Hyundai stops on-land building [Shipbuilding]
The world’s No. 1 shipbuilder Hyundai Heavy Industries said Tuesday that it has stopped on-land shipbuilding operation. Hyundai said it had decided to dismantle on-land shipbuilding facilities last month after launching a 105,000-dwt product tan...
2009-12-09 06:52:39
Petrobras LNG-FPSO JV grows [Offshore]
Spain's Repsol and Portugal's Galp Energia have joined the Petrobras-led joint venture aimed at bringing an LNG-FPSO to the waters off Brazil, the Brazilian state-owned energy company said Monday. The two companies and original joint venture partn...
2009-12-08 14:30:03
Hyundai employees win NACE qualification [Equipment]
Hyundai Heavy Industries said Tuesday that its 28 employees have recently qualified as international coating inspectors. They received the qualification from the National Association of Corrosion Engineer (NACE) of the US, bringing the number of i...
2009-12-08 13:59:50
China owners buying local newbuildings [Shipping]
S&P brokers in China are worried about their future as the government continues to create measures to keep local shipyards busy. Many sale-and-purchase (S&P) brokers in China feel that they could be facing subdued market situation if Beijing acts...
2009-12-08 07:36:41
Wartsila China operations beneficial [Equipment]
The boss of Wartsila’s China operations says the benefits of doing business in China far outweigh the challenges, foreign media reports. John Zhu, president of Wartsila China Ltd, said that the focal point for the maritime industry had shifted t...
2009-12-08 07:33:13
Laid-up FPSOs hit record high [Offshore]
More FPSOs than ever are laid up because of a year’s hiatus in new contract awards while a growing number of fields have stopped producing. Up to 11 FPSOs and two semi-submersible units are off-hire and are being marketed around the world for ne...
2009-12-08 07:26:55
Otto Marine gets newbuilding financing [Finance]
Singaporean shipbuilder and shipowner Otto Marine has secured $33m in bank loans to build two anchor-handling tug supply vessels at its Batam yard. The funding will come from Malayan Banking in tranches of $11.6m and $21m and will be handed to Ott...
2009-12-08 07:25:01
DnB Nor raises shipping loan [Finance]
Norwegian shipping bank DnB NOR expects to maintain or slightly increase its shipping portfolio next year, foreign media reports. DnB NOR head of shipping and offshore Harald Serck-Hanssen said that this year its shipping and offshore portfolio ha...
2009-12-08 07:20:31
Australia secures largest LNG deal [Offshore]
Australia has clinched its biggest trade deal with an A$90 billion agreement to export liquefied natural gas to Japan. US oil giant Chevron announced on the weekend it would deliver 4.1 million tonnes of LNG from its Wheatstone project off the co...
2009-12-08 07:14:42
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