KHI incorporates Kawasaki Shipbuilding [General]
Kawasaki Heavy Industries (KHI) announced on Sept. 30 that it will absorb Kawasaki Shipbuilding Corp. (KSC) effective Oct. 1, 2010, exactly eight years after the latter was spun off in October 2002. The company aims to prepare for the impending b...
2009-10-02 07:34:21
Chongqing expands, eyes No. 1 [Equipment]
Officials from over 50 shipbuilders came to order products in the production starting ceremony of Chongqing Steel’s new wide & heavy lines on September 24th. Some shipyards even paid subscription last year for the first batch of ship plates from...
2009-10-02 07:32:25
Croatia yards sale: Only 2 bids [Finance]
The Croatian government's effort to get rid of its troubled shipyards is running into difficulty, the result of an international tender showed Wednesday. Purchasers offered to buy only two of the six, even though four were on the block for only pe...
2009-10-02 07:30:08
Vale pays $115m for 400K VLOC: Daewoo [Equipment]
Vale is said to be paying $460m for the quartet of very large ore carriers ordered at Daewoo Shipbuilding & Marine Engineering. Brokers are reporting that the Brazilian miner is paying $115m each for the 400,000-dwt ships, which were ordered at th...
2009-10-02 07:23:47
Norweigan cancels heavy lift pair [Offshore]
Norway’s SeaMetric has cancelled the orders for two heavy transport vessels in China. The owner said construction of the vessels is significantly delayed. SeaMetric has been building the two vessels at the China Petroleum Liaohe Equipment Com...
2009-10-02 07:19:15
$110bn going offshore [Offshore]
Around $110bn of investment could be put into floating offshore installations a year until 2013, the classification society Lloyd’s Register (LR) forecast. With crude oil trading at $70 per barrel, LR expects investment in exploration and produc...
2009-10-02 07:14:23
Diamond buys second rig from Jurong [Offshore]
Diamond Offshore has bought a semi-submersible drilling rig from Singapore’s Jurong Shipyard for $490m. The rig, which is capable of drilling in water depths of 7,500 feet, will be renamed the Ocean Valor, Diamond said. In June 2009, Diamond ...
2009-10-01 14:42:29
Boxship market to recover in 2015 [Shipping]
Germany's Norddeutsche Landesbank (Nord/LB) said the global financial crisis has hit hard the shipping banks and long-term financing for shipbuilding has almost ground to a halt, local media reported. The bank said existing containership fleet has su...
2009-10-01 14:10:27
Vale eyes Asian listing [Equipment]
During the week when Brazil’s Vale is rumored to have ordered four 400,000-dwt VLOCs at South Korea’s Daewoo Shipbuilding & Marine Engineering, the Brazilian mining and logistics giant has also let it be known that it would like to be listed in o...
2009-10-01 11:56:32
Conrad inks ro-pax [Shipbuilding]
US shipbuilder Conrad Industries has won a $13m contract to build a ro-pax ferry for The North Carolina Department of Transportation. The newbuilding contract brings the order backlog at the southern US-based shipbuilding group to about $56.8m. Co...
2009-10-01 07:40:57
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