Huge investment in Pakistan shipbreaking [General]
Minister of State for Industries & Production Dr Ayatullah Durrani has said that investors are putting huge investment in Pakistan's ship breaking industry at Gadani. He was talking with the media during his visit to ship breaking industry at Gad...
2009-06-15 07:08:02
Germanish defends Korean yards [General]
Two of Germany’s most prominent shipowners have come to the defence of South Korean yards that have been criticised in some quarters for not doing more to defuse the orderbook time bomb. Bertram and Erck Rickmers say the yards fully understand the ...
2009-06-15 07:04:07
Teekay FLNG conversion project [Offshore]
Would-be floating-LNG (FLNG) player Teekay Corp is looking for trading opportunities for its conversion candidate, the 89,800-cbm LNG carrier Arctic Spirit (built 1993). Teekay Gas Services David Glendinning says the ship is currently waiting in B...
2009-06-15 06:58:10
Shell leans on Big 3 [Offshore]
South Korea's big three shipbuilders and their contractor partners are being leaned on by energy major Shell to stop them from giving any further updates about the upcoming award of a front-end engineering and design (Feed) contract for a huge LNG fl...
2009-06-15 06:52:01
Sinopacific Shipbuilding markets new bulker [Shipbuilding]
Sinopacific Shipbuilding Group of China is gearing up its marketing activity with a newly developed 64,000-dwt bulker design, which it claims will save on fuel costs. Company chairman and chief executive Simon Liang says the design is an upsized ...
2009-06-15 06:48:06
Government aid to prolong shipbuilding slump [General]
Many still oppose state intervention despite fears provoked by Germany's most recent yard insolvency. The collapse into bankruptcy of Wadan Yards in Germany has intensified fears for shipbuilding in Europe's largest economy but a key industry grou...
2009-06-15 06:42:10
GL reveals new low-cost boxship design [General]
Germanischer Lloyd (GL) has unveiled a new boxship design that it claims will generate more efficiency. The German classification society says its new baby post-panamax can be operated at significantly lower costs and needs less ballast than ships...
2009-06-15 06:38:27
Petrobras backs domestic building of drillships [Offshore]
Brazilian state oil and gas giant Petrobras has pledged to use the company’s huge investment programme to support the building of complex offshore vessels, worth tens of billions of dollars, in domestic facilities. At least eight floating productio...
2009-06-15 06:32:37
ONGC orders new seismic vessel [Offshore]
India's state-owned Oil & Natural Gas Corp (ONGC) has awarded the newbuilding contract for a seismic-survey vessel to a Singaporean consortium. Nordic Maritime and Drydocks World will build the 6,500-bhp six-streamer ship for about $121m. Sources ...
2009-06-15 06:27:24
STX Chairman meets with Finnish PM [General]
STX Business Group Chairman Gang Duk-soo, which visited Europe to participate in Nor-Shipping 2009, met with Finnish Prime Minister Matti Vanhanen to discuss co-operation. Chairman Gang exchanged opinions with Prime Minister Matti Vanhanen about F...
2009-06-15 05:55:32
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