Samsung wins LNG-FPSO ? [Offshore]
Samsung Heavy Industries of South Korea said on June 16th in a regulatory filing that it “is participating in the bidding process for Royal Dutch Shell’s LNG-FPSO construction project but the result is yet to be announced.” The statement sai...
2009-06-17 06:24:38
STX faces dumping criticism [General]
Goodmorning Shinhan Securities on June 16th said STX Offshore & Shipbuilding’s recent order-intake for the construction of 50,400-dwt tanker octet (options for four units included), worth $340m ($42.5m per ship), has caused price controversy. Jo...
2009-06-16 14:25:51
Efficiency and safety enhanced for COSCO Zhoushan [General]
The leading company in Chinese shiprepair industry, COSCO Zhoushan Shipyard's energy consumption in the entire 2008 stood at 37,600 tons in terms of standard coal, occupying majority of Zhongwen Group's shiprepair sector energy exhaustion. COSCO Z...
2009-06-16 12:06:46
Shanghai fostering offshore plant industry [Offshore]
On May 31th, the City of Shanghai held a conference for promoting high technology industrialization and discussed about the subject. It was announced at the conference that offshore plant industry scale of the city would reach 150bn yuan ($22bn) ...
2009-06-16 11:38:26
Wartsila offers lay-up services [Shipping]
Interest in vessel lay-up as the economic crisis continues is not diminishing. A recent rush of companies offering lay-up support and consultancy services indicates the market intensity. Classification societies, marine support companies and engine m...
2009-06-16 11:01:21
SCI expands offshore fleet [Offshore]
Shipping Corp of India (SCI) is to take over management of seven of domestic oil producer ONGC’s Sindhu-class supply ships. Boss Sabyasachi Hajara told the Business Line daily: “Right now, all the 14 Sindhu class vessels are being operated by ...
2009-06-16 07:54:02
Ship scrapping activities slow [General]
The pace of ship demolition has slackened as Pakistan and Bangladesh failed to report a single sale last week. US-based cash buyer GMS said even Indian activity was limited, although China maintained its level of deals. But the number of vessel...
2009-06-16 07:50:43
Sustained dry-bulk recovery [Shipping]
A sustainable dry-bulk market rebound is becoming more likely as international steel mills join China in upping their activity in the freight markets, Dahlman Rose says. In response it has upped its rate estimates for the second half of 2009 and i...
2009-06-16 07:48:05
Boxship market reached the bottom? [Shipping]
A Lazard Capital Markets analyst says the containership market may be bottoming, or it could have already reached its bottom. Analyst Urs Dur said Monday that US container ports have seen improvements in container volume, and Asian port throughput...
2009-06-16 07:44:46
Shipbuilding steel prices fall again: $490/ton [Equipment]
According to information from overseas, China's largest steelmaker Baoshan Iron & Steel Co. Group (Baosteel) seems to have lowered its price to 3,400 yuan/ton (about $490, Y48,000) for shipments in June, down 300 yuan/ton from the previous month. ...
2009-06-16 07:40:57
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