Oshima's future business plans [Shipbuilding]
The top executives of Japan’s Oshima Shipbuilding discussed the company's future business plans at a press briefing in Tokyo on September 10th. Sho Minami, CEO, said that the shipbuilding industry is currently in a state of an oversupply much to...
2009-09-14 07:15:11
Pipavav eyes $107m from IPO [Finance]
India’s Pipavav Shipyard plans to raise around Rs5.2bn ($107m) from an initial public offering after setting a price range of between Rs55-Rs60 per share for the offer. Proceeds from the IPO will be used to help finance the continued development...
2009-09-14 07:13:19
Huarong builds shipbuilding facility [Shipping]
Chinese shipping company Huarong Marine Shipping has launched a shipbuilding and shiprepair complex in Fujian province in eastern China. The company has spent Yuan2.3bn ($338m) developing the facility to take advantage of booming shipping links be...
2009-09-14 07:11:43
Guangzhou equipment venture launched [Equipment]
China’s CSSC Jiangnan Heavy Industry has teamed up with CSSC Guangzhou Longxue Shipbuilding and a Shanghai research institute to form a joint venture to make shipboard and offshore equipment in Guangzhou, southern China. The three outfits plan to m...
2009-09-14 07:06:47
Indonesia-China build shipyard [Shipbuilding]
Indonesia is seeking Chinese investment cooperation to boost its shipyard industry from next year. I Nyoman Sudiana, director of shipyard and shipping association Iperindo, said a feasibility study would begin this year. The potential partnership ...
2009-09-14 07:02:33
Petrobras builds 28 rigs [Offshore]
Petrobras is planning to issue a tender for 28 drilling units to be built at domestic yards, says company President Jose Sergio Gabrielli. He says the Brazilian oil and gas company's board has approved a tender for rigs to drill in the pre-salt oi...
2009-09-14 06:58:48
Transpetro inks 10 tanker orders [Shipbuilding]
Brazil’s Transpetro placed orders for 10 tankers, including $1.22bn worth of contracts at compatriot Atlantico Sul Shipyard, the company said Friday. The tanker owning arm of state-run oil company, Petrobras, said it will pay $747m for four suezmax...
2009-09-14 06:50:13
China exports world-class FPSO [Offshore]
According to local sources, China National Offshore Oil Corporation (CNOOC) has successfully delivered a floating production, storage and offloading unit (FPSO) to an Australian shipowner on September 9th. Industry players say China is now able to...
2009-09-14 06:26:56
CEOs' upbeat on 2nd half [Shipping]
South Korean major shipbuilders’ chief executives are optimistic upon the shipbuilding market in the second half of the year, but indices are still being subdued. STX Business Group chairman Kang Duk-su said, “Shipbuilding market has bottomed ...
2009-09-14 06:21:13
Samsung-Atlantico kicks off [Shipbuilding]
Samsung Heavy Industries of South Korea said a keel laying ceremony for a 150,000-dwt tanker, which will be built by Samsung’s technical support, was successfully held at Brazil’s Atlantico Sul Shipyard on September 11th. It said at the ceremo...
2009-09-14 06:15:00
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