Over 2000 ships will be scrapped [General]
A recent forecast reveals that more than 2000 ships will be scrapped to metal pieces within next year. International Maritime Organization(IMO) has adopted the phase-out scheme for single hull tankers in order to prevent oil spill disasters. ...
2009-11-11 10:03:18
Keppel FELS delivers two rigs [Offshore]
Singapore’s Keppel FELS has delivered two rigs safely, ahead of schedule and within budget to owners. The KFELS B Class jackup rig, ‘Greatdrill Chitra’, was delivered to India’s Greatship Global Energy Services Pte Ltd (Greatship) 12 days...
2009-11-11 05:38:27
Courage sinks to loss [Finance]
Singapore-listed Courage Marine has slipped to a third quarter loss of $1.4m on the back of weak rates and low utilization levels. Twelve months ago the Taiwanese bulker owner was posting net profits of around $8.6m. Revenues for the three months...
2009-11-11 05:37:27
Global Ship Lease's 'earnings surprise' [Finance]
US-listed containership owner Global Ship Lease (GSL) has posted higher nine-month profits as its fleet grew this year. The company said net earnings to 30 September were $30.02m, against $9.2m in the same period last year. The fleet of 17 sh...
2009-11-11 05:36:33
Floating storage units hit high [Offshore]
London-based broker Gibson said the amount of crude and oil products stored on tankers has risen to a 10-year high of 19.2m tonnes, or 143m barrels. There are now 129 tankers deployed for temporary storage by traders and investment banks attracted...
2009-11-11 05:34:43
EU aid for vessel retrofitting [Finance]
According to industry sources, state aid for vessel retrofitting can be approved under existing European Union state aid guidelines. The Brussels framework on state aid to shipbuilding can be used to promote the installation of environmentally, en...
2009-11-11 05:33:39
Austal opens new facility [Shipbuilding]
Australian shipbuilder Austal has officially opened its new state-of-the-art Modular Manufacturing Facility (MMF), equipping its US shipyard with the ability to build up to three 100 metre-plus vessels each year. Phase One of the new $88 million faci...
2009-11-11 05:32:22
Pipavav signs OSV design with Wartsila [Equipment]
Wartsila has secured a ship design contract from India’s Pipavav Shipyard for a series of offshore support vessels. The deals covers the provision of design work for a series of twelve offshore supply vessels for Indian oil giant Oil and Natura...
2009-11-11 05:30:46
DNV considers nuclear-powered ship's potential [General]
According to sources, marine engineering players are beginning to revaluate the potential for nuclear power on ships. As the maritime industry faces increased environmental legislation, class societies, engineering academies and other institutions...
2009-11-11 05:29:43
TOP Ships in breach of loan covenants [Finance]
Greek tanker owner Top Ships has quoted it is again in breach of loan covenants as it reported a marginal profit for the third quarter of 2009. "The company was happy to be in the black for the three months ended September 30 despite dire market ...
2009-11-11 05:27:55
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