LNG ship surplus to grow [Offshore]
Malaysia’s MISC Berhad has revealed that it expects delivery of commissioned newbuilds to exceed market demand for this year and the next. This information, imparted by MISC LNG vp Gunaseharan Ganapathy to Taiwan News, follows an announcement that ...
2009-03-25 07:40:05
Shell mulls Egypt floating LNG production [Offshore]
Shell, Europe’s largest oil company, is considering producing liquefied natural gas from an area in Egypt using a floating liquefaction unit, an Egyptian government official said. The oil major could use floating LNG technology in the north-east...
2009-03-25 07:34:58
Dalian still in talks: Sinopec rig deal [Offshore]
Dalian Shipbuilding has denied Chinese news reports that it has signed a deal to build a jackup rig for fellow state-owned oil major Sinopec. A source within Dalian Shipbuilding said that negotiations are continuing between the parties to build a ...
2009-03-25 07:30:09
Crisis talks over scrapping [Shipping]
European Union shipowners are divided over calls to scrap older vessels to alleviate massive overcapacity and put a floor under rates. Representatives from the 27 EU member states will meet in Brussels on Thursday to discuss the crisis and an obl...
2009-03-25 07:25:40
Marfin scorns rumours of Greek shipyard interest [General]
Acquistive Marfin Investment Group (MIG) has ruled itself out as a potential suitor for Hellenic Shipyards. Hellenic is at the centre of a dispute between German owners ThyssenKrupp, the steel and shipbuilding giant, and the Greek state. Reports in ...
2009-03-25 07:22:09
Zim lays up ten boxships [Shipping]
Israeli carrier Zim Integrated Shipping Services has laid up ten boxships in the 4,000 teu bracket in the Philippines, the Israeli Sea Officers’ Union has confirmed. Union chairman Avi Levy added that 70 shore-based jobs were to go and an early...
2009-03-25 07:17:04
Golden Ocean making good progress [Shipping]
John Fredriksen’s Golden Ocean is making “good progress” on a financial rescue package that the dry bulk shipping company says should involve an injection of less than $100m in fresh equity. Oslo-listed Golden Ocean said its short-term liquidit...
2009-03-25 07:14:48
J Lauritzen profits halve [Finance]
Danish shipping group J Lauritzen saw profits more than halve to $154.7m last year after achieving a record result of $347.1m in 2007, but expects to remain in the black in 2009 despite the market environment. Writedowns and provisions totalling $209...
2009-03-25 07:11:50
API Marine delivers to Lauritzen-Kosan [Equipment]
API Marine Ltd. has signed a contract with the Chinese shipyard Yangzhou Kejin Shipyard on the delivery of sensor systems, which will be installed on board six gas tankers that Lauritzen-Kosan are constructing at the yard. The 3600 M3 gas tankers, wh...
2009-03-25 07:08:36
C& Heavy: Help at hand [Finance]
Embattled shipbuilder C& Heavy Industries says it is close to selling out to a Malaysian company. C& Heavy, which has resisted calls to file for insolvency, has penned a non-binding sales agreement with the mystery bidder. In a stock exchange f...
2009-03-25 07:03:53
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