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Offshore
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Rowan resumes rig newbuilding work
[Offshore]
Rowan Companies of the US is to resume construction of a jack-up rig that was suspended in February due to the financial crisis and market downturn. Rowan said work would recommence on the third 240C class rig, the Joe Douglas, at its Vicksburg, M...
2009-07-01 07:52:37
Tankers sold for scrap for $300 per ldt
[General]
Shipbreakers in Bangladesh and India are willing to pay up for the right tankers. Bangladeshi interests took the 5,892-ldt products carrier Taipan (built 1981), formerly owned by International Tanker Management of Dubai, for $300 per ldt. But yard...
2009-07-01 07:49:01
Scan Geophysical to file for bankruptcy
[Finance]
Offshore shipowner Scan Geophysical is to file a petition for bankruptcy. Oslo-listed Scan was caught out by massive newbuilding delays and a collapse in the seismic market. Scan’s total debt is estimated at between $60 and $70m, which is beyond...
2009-07-01 07:44:52
Secondhand capesize fetches over $50m
[Equipment]
Prices of secondhand capesize bulkers aged five years or so are currently hovering at the mid-$50m level. The price is just a third of the peak prices reached during the boom period when the dry market violently escalated, but it still indicates ...
2009-07-01 07:40:50
Sea NG deploys CNG carriers
[Shipping]
Canada's Sea NG announced that it has been selected by Medcarrier, a joint venture between Egyptian Natural Gas and other entities, to provide shipping services for Medcarrier's natural gas project to the Island of Crete in Greece from Egypt. Sea ...
2009-07-01 07:37:43
Shell-Sovcomflot tie-up for LNG projects
[Offshore]
Oil major Shell and Russia’s leading shipping group Sovcomflot are joining forces in a partnership that aims to be in the vanguard of developing the huge potential for LNG shipping in Arctic waters. They have also signed a deal that will see the oi...
2009-07-01 07:33:23
Oshima appoints new president
[General]
Japan’s Oshima Shipbuilding has appointed Hiroshi Minami as its new president in a shareholders’ meeting on June 29th. Mr Minami was previously a vice-president at the shipyard. The new president takes over just two weeks after the company ac...
2009-07-01 07:27:52
Cido confirms tanker fleet sale
[Shipping]
Cido Shipping has confirmed that it is in negotiations to sell its tanker fleet. However, the shipowner declined to comment on rumors that it was involved in a deal with Dubai-based tanker operator Gulf Navigation. Last week, cash-rich Gulf Navigati...
2009-07-01 07:25:01
STX helps Roadships design green vessel
[Shipbuilding]
STX Canada Marine has contracted with Roadships Holding to assist in the design and development of a high-speed monohull roll-on/roll-off vessel. The design of the vessel will focus on water, waste, energy, emissions and sustainability. STX Canada...
2009-07-01 07:20:17
Keppel wins rig upgrade deals worth $21m
[Offshore]
Singapore’s Keppel Offshore & Marine is working on oil rig repair and upgrading contracts worth S$30m ($20.8m) at its Dutch and Brazilian yards. Keppel’s Netherlands yard, Keppel Verolme, is repairing and upgrading China Oilfield Services sem...
2009-07-01 07:16:20
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