Sembawang forms JV in India [Offshore]
Singapore’s Sembawang Shipyard has set up a joint venture marine and offshore facility in India with Kakinada Seaports. The yard, part of SembCorp Marine, will hold a stake of 19.9% of the joint venture’s initial investment of $50m. It has ...
2009-11-26 07:26:45
Saipem converts FPSO [Offshore]
Italian shipowner Saipem has clinched a €1bn ($1.5bn) contract from Italy’s energy major Eni to supply a floating production storage and offloading vessel for projects in the Adriatic Sea. Under the agreement, Saipem will convert one of its own a...
2009-11-26 07:23:13
Hidden cancelled or delayed orderbook [Shipbuilding]
The true size of the bulker orderbook remained uncertain as hidden deals between owners and yards continue to take place, Golden Ocean’s chief executive Herman Billung said. Cancellations, order alterations and negotiations for delays were being...
2009-11-26 07:19:48
Shell slows Qatargas expansion [Offshore]
Royal Dutch Shell said it had delayed its $8 billion Qatargas 4 liquefied natural gas (LNG) project by around a year, with startup now planned for late next year and first cargo possibly pushed into 2011. "We had been planning for a startup in early ...
2009-11-26 07:14:54
Handysizes to sail through 2010 [Shipping]
The handy sector is likely to fare better than other bulkers in the coming year, according to one of the best known handy names in the business. Klaus Nyborg, deputy chairman of Hong Kong’s Pacific Basin recently said that 49% of his fleet is al...
2009-11-26 07:10:28
CSIC plans CNY6.4bn share sale [Finance]
China Shipbuilding Industry Co., the nation’s largest maker of vessel equipment, plans to raise at least 6.4 billion yuan ($937 million) selling shares as China tries to pare its reliance on Japanese and Korean marine engines. The Shanghai init...
2009-11-26 07:06:53
Keppel signs more new orders [Offshore]
Keppel Offshore & Marine’s yards in Singapore and the Netherlands have inked contracts from Petrobras and Saipem worth $119m in total. Keppel Shipyard in Singapore has won a contract from Petrobras for the pre-conversion of the P-58 floating pro...
2009-11-26 07:02:14
Yangfan clinches six pax [Shipbuilding]
China’s Zhejiang Yangfan Shipbuilding has secured a $240m contract with Guangdong Lanyue Energy to build six 80,000-dwt panamax bulkers. A source at the yard confirmed the orders for Guangdong Lanyue Energy, which he said were due to be delivere...
2009-11-26 06:57:45
Daewoo starts ‘Sea Logistics Control’ [Shipbuilding]
South Korea’s Daewoo Shipbuilding & Marine Engineering said Wednesday that the ‘Sea Logistics Control System’ has been put into operation, which controls every ship entering Okpo Bay where its Okpo Shipyard is located. In the Okpo Bay, barge...
2009-11-26 06:24:32
Rush for survival [General]
South Korean major shipbuilders appear busy looking for ways to survive prolonged crisis. STX Business Group has recently held management strategy meeting for 2010 and it plans to further diversify its business portfolio into new energy businesses...
2009-11-26 06:19:49
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