World's largest yacht launched [Equipment]
'Eclipse just launched in Hamburg. Last Friday the Blohm & Voss shipyard in Hamburg launched the world's largest superyacht Eclipse for Russian Billionaire Roman Abramovich. The yacht will be used by Roman and his girlfriend Daria Schukowa...
2009-06-14 17:07:17
Bourbon aiming for the top spot [Offshore]
By the end of its latest 'five-year plan' a French offshore player will have the fleet to match its grand ambition. French offshore giant Bourbon Group is aiming for the top of its sector in no uncertain terms. The company, which has been doubling...
2009-06-12 15:39:19
Pipavav wins ONGC 12 OSV deal [Offshore]
Indian shipbuilding newcomer Pipavav Shipyard has clinched a lucrative order from state-owned Oil & Natural Gas Corp (ONGC) for 12 offshore-support vessels (OSVs) at a cost of around $140m. They add that Pipavav won the contract after it submitted...
2009-06-12 15:31:53
Idle boxship newbuilding fleet growing [Shipping]
The amount of newbuildings going straight into layup shows no sign of abating. Chinese yards have completed work on another three vessels in the past few days with all of them believed to be unemployed. The 3,543-teu Northern Diplomat, built by...
2009-06-12 15:26:49
Estoril buys Cido newbuilding pair resale [General]
Greek owner Estoril Navigation has made its first leap into the newbuilding sector with the purchase of two tankers and says it is time that shipping went "back to basics". Alex Karidopoulos confirms the company has bought two aframax tankers from...
2009-06-12 15:20:20
Japan yards to see more cancellations [Shipbuilding]
The informal nature of some of Japan's domestic orders may lead to its cancellation tally rising. Japanese shipbuilders could yet be hit by order cancellations as the regional shipowning community based around the Seto Inland Sea prepares to pull ...
2009-06-12 15:16:21
Hyundai Gunsan Shipyard completion delayed [Shipbuilding]
South Korea’s Hyundai Heavy Industries provisionally delayed the completion of the Gunsan Shipyard until next year due to shipbuilding industry slump. Construction of the shipyard was set to be completed by this month but it will now be complete...
2009-06-12 11:51:45
Wartsila expands in Mexico [Equipment]
Wärtsilä on June 11th opened its new office and workshop facilities in Mexico, in the city of Veracruz, which is the largest container shipping port in the country and is home to the Mexican Merchant Marine Academy. The new facilities will ...
2009-06-12 07:36:46
Shipbuilding fund set up in Tianjin, China [Finance]
A shipbuilding investment fund has been set up in China's Tianjin. According to a local newspaper, a newly created Chinese shipbuilding industry investment fund was formally approved by the National Development and Reform Commission in April. The ...
2009-06-12 07:32:46
Interest in offshore conversion work rising [Offshore]
There has been a resurgence of interest in conversion work as companies look at offshore units again. According to Drydocks World executive chairman Geoff Taylor, the company has seen increased interest in offshore conversion projects and other o...
2009-06-12 07:23:51
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