Lindo to cut more jobs amid order drought [General]
AP Moller Maersk’s shipyard at Odense, Denmark, is looking to make a further 175 staff redundant. The Lindø facilities are being restructured after the management announced a new vision and direction earlier this year after orders for larger ve...
2009-06-16 07:30:32
Technip buys Oceanteam newbuilding [Offshore]
French offshore vessel owner Technip has acquired a newbuilding subsea construction ship from Oslo-listed Oceanteam to replace a 1979-built pipelayer. Technip has agreed to purchase the North Ocean 103, one of a series of four newbuildings Oceanteam ...
2009-06-16 07:27:04
Petrobras abandons third FSRU plan [Offshore]
Brazilian state oil and gas giant Petrobras has confirmed it is likely to abandon plans to install a third floating storage and regasification unit in the country as other sources of gas supplies have improved. Petrobras’ manager of finance for exp...
2009-06-16 07:22:39
Nakilat LNG program funding close to $7bn [Finance]
Qatar Gas Transport (Nakilat) has now secured almost $7bn of ship finance to help fund the world’s largest fleet of liquefied natural gas carriers following the finalisation of a latest tranche of close to $1bn. The company said its wholly-owned su...
2009-06-16 07:18:54
Lindo suffers deficit of €52m [Finance]
Lindo shipyard continued the long series of deficits last year. The result pre taxes and sales of affiliated companies was minus 52.2m euro compared to minus 81.2m euro last year. And the shipyard expects a deficit again this year. Lindo shipyard...
2009-06-16 07:13:37
Chinese Shipbuilding fund on track [Shipbuilding]
The 20-billion-yuan shipbuilding industry investment fund is well on track to raise the targeted funds by the end of this year despite its slow start, according to a senior government official. China shipbuilding industry investment fund, based i...
2009-06-16 07:07:47
Fincantieri workers redundancy deal [General]
Italian shipbuilder Fincantieri has agreed a temporary redundancy deal for 200 staff amid a shortage of work. Mario Ghini, national secretary of the UIL union, told the Ansa news agency that workers would be on reduced pay for 13 weeks from 8 June...
2009-06-16 07:03:35
Brodosplit wins fruit-juice carrier [Shipbuilding]
Croatian shipyard Brodosplit has won a newbuilding order from a Swiss company. The name of the owner and ship price are yet to be disclosed. The contract is especially significant in a time of recession in the shipping and shipbuilding market...
2009-06-16 06:59:52
Korean yards get tough with shipowners [Shipbuilding]
South Korean shipyards have finally lost patience with some of their customers and are preparing for a showdown with those containership owners that are demanding newbuilding delays or price cuts. Rather than grant any further concessions, yards ...
2009-06-16 06:53:36
Shipbuilders wind spree [General]
South Korean Shipbuilders, having difficulties winning new ship orders, are increasingly making inroads into wind power business. According to Emerging Energy Research (EER), annual output of wind power industry (offshore wind power generation inc...
2009-06-16 06:15:42
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