Subsea JV established [Offshore]
GC Rieber has teamed up with a private equity player in a $35m subsea joint venture. Oslo-listed Rieber will plough NOK 35m ($6.28m) into the project along with its holding in subsidiaries Bluestone Offshore and Technocean, while HitechVision will...
2009-10-23 01:02:39
Keppel up, but shy of expectations [Finance]
Growing earnings from rig building operation pushed up profit at Singapore’s Keppel Corp in the third quarter of 2009. But the company’s improved showing still fell short of what the market expected. Keppel says its bottom-line climbed 17% to ...
2009-10-23 01:01:04
Cancelled newbuilds go to Chinese [Shipbuilding]
The Chinese Ministry of Transport has allowed domestic operators to purchase cancelled ships at the country’s shipyards in order to boost the shipbuilding industry, local media reported. Department of Water Transport director general Song Dexing...
2009-10-23 00:58:48
New business model for liner [Shipping]
The recently formed The Containership Company will offer a new form of business for container cargoes in an effort to find employment for some idled containerships, TCC managing director Franck Kayser said, foreign media reports. “We aim to work...
2009-10-23 00:56:26
SCI-Cochin sign offshore MOU [Offshore]
Leading Indian shipowner Shipping Corporation of India (SCI) signed a memorandum of understanding with Cochin Shipyard for co-operation in the offshore sector. The agreement was signed by SCI chairman S Hajara and Cochin chairman Commodore Jitend...
2009-10-23 00:54:51
Korea Ship Finance Forum open at BEXCO [Finance]
‘The 3rd Annual Korea Ship Finance Forum’ is to be held at BEXCO, Busan, South Korea on October 23rd, where financial institutions, lawyers and investors convene to find business opportunities. Busan city said the forum will open at 9 a.m. unt...
2009-10-23 00:52:32
SCI eyeing offshore expansion [Offshore]
India’s state-owned Shipping Corp of India (SCI) sees huge potential in the offshore services industry in the coming years with billions of dollars likely to be invested in the exploration and production (E&P) sector. Umesh Chander Grover, a direct...
2009-10-23 00:48:24
21st Century to win bulker pair [Shipbuilding]
21st Century Shipbuilding of South Korea said on October 22nd that it has signed a letter of intent with Greek shipowner to build a pair of bulkers. If the contract is signed, the 34,000-dwt bulkers will be delivered at the end of 2011 and the beg...
2009-10-23 00:45:58
Orderbook keeps decreasing [Shipbuilding]
Global newbuilding orderbook continued to shrink last month while fleet oversupply situation got worse. According to industry statistics, global shipbuilding order backlog as of the end of September stood at 8,671 ships of 517m dwt, down 16% year-...
2009-10-23 00:43:58
Hyundai changes boxships into capesizes [Shipbuilding]
South Korean shipbuilder Hyundai Heavy Industries (HHI) has notified the Seoul Stock Exchange on Oct. 19 that it has changed three of the 10 containerships ordered by a Panamanian owner into bulkers. In light of this, the delivery of the newbuild...
2009-10-22 11:46:08
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