First seismic vessel with ULSTEIN X-BOW [Offshore]
The seismic vessel WG Columbus, recently delivered to WesternGeco, has completed her maiden Atlantic crossing to her first assignment in the Gulf of Mexico. The ULSTEIN SX124 vessel was built at the Barreras shipyard in Vigo, Spain. There was p...
2009-04-02 15:45:02
Trillions of ship fund to buy incomplete ships [Shipping]
South Korean government is soon to release shipping restructuring plans and it is expected that even the ships under construction could also receive financial support through ship fund of KRW 2trn ($1.493bn) to KRW 4trn. To prevent newbuilding orders...
2009-04-02 14:21:57
Daewoo delivers its first ultra deepwater drillship [Offshore]
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea has recently delivered an ultra deepwater drillship ordered by Transocean of the US in 2006. The Discoverer Clear Leader delivered this time is the first drillship DSME has built. It h...
2009-04-02 11:33:43
Boustead to deliver 7 vessels worth $247m [Shipbuilding]
Boustead Heavy Industries Corp Bhd, a member of the Boustead group of Malaysia, expects to deliver seven vessels worth RM1.0 billion (USD 247 Million) this year. "We should be delivering two patrol vessels, three chemical tankers, one floating yar...
2009-04-02 08:33:57
Wartsila and MAN in HERCULES-Beta Project [Equipment]
The HERCULES-Beta research project proposal was recently approved by the European Commission. HERCULES-Beta represents a major international cooperative effort to maximise fuel efficiency combined with ultra-low emissions and to develop future genera...
2009-04-02 08:28:22
Indonesia boosting vessel order [Finance]
Indonesia’s shipping financing agency is finding the money to help owners pay for 12 new or secondhand vessels. PT Pengembangan Armada Niaga Nasional (PANN) has agreed to finance vessels to the tune of $82.94m, its president Ibnu Wibowo told the...
2009-04-02 08:23:35
Scrap prices fall in India [General]
Shipbreaking prices have fallen in India as tonnage supply begins to outstrip demand. US-based cash buyer GMS said there had been a “crushing drop” of up to $20 per ldt as shipowners were left chasing down offers that were submitted weeks befo...
2009-04-02 08:21:04
Hyundai sells KRW 300bn bonds [Finance]
South Korea’s Hyundai Heavy Industries (HHI) may sell only KRW 300bn ($216m) of bonds this month to raise cash due to the lack of new orders. Industry sources said the plans could be unveiled next week. Earlier this month the market had been ...
2009-04-02 08:17:53
Seaspan delay tally hits 15 [General]
Seaspan Corp has secured options to delay 15 deliveries as it continues to work to push back a 33-ship newbuilding program, the company said Wednesday. The Vancouver-based boxship owner says it is "pursuing alternatives" for delays with shipyards ...
2009-04-02 08:16:13
TBS heads for loss, ditch newbuildings [Finance]
TBS International's chief executive said Wednesday that the owner cancelled "contingent arrangements" for 12 tweendecker newbuildings and is expected to suffer a first-quarter loss. Joseph Royce said the Nasdaq-listed bulker and tweendecker player's ...
2009-04-02 08:10:46
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