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Offshore
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WWL to lay-up car carriers
[Shipping]
Wallenius Wilhelmsen Logistics (WWL) says it may lay-up as much as 20% of its fleet due to the global recession. Arild IversenThe 54,680-gt vehicle carriers Toba (built 1979) and Tapiola (built 1978) have already been laid up in Lyngdal, Norway. ...
2009-03-17 15:37:47
Keppel FELS gets early-delivery bonus
[Offshore]
Singapore's Keppel FELS Limited has been awarded a bonus of $625,000 for delivering the jackup rig, Greatdrill Chetna, 20 days ahead of schedule, within budget and without incidents to Mercator Offshore Limited. Built to Keppel's proprietary KFELS...
2009-03-17 15:31:12
Samsung to issue KRW 700bn bond
[Finance]
As orders dry up in the global downturn, the world’s second-largest shipyard Samsung Heavy Industries said it plans to raise KRW 700bn ($486m) by selling debt. It would be its first such move in seven years. In February 2002, Samsung had issued ...
2009-03-17 08:06:34
Sumitomo forays into Suezmax
[Shipbuilding]
Sumitomo Heavy Industries Marine & Engineering Co. (SHIME) has branched out into the construction of a Suezmax tanker. Hitoshi Kashimoto, president of SHIME, told a press conference on Mar. 13, "We have developed our first Suezmax tanker and received...
2009-03-17 07:53:25
Norwegian yards face uncertain outlook
[Finance]
Norway’s shipyard sector is facing an uncertain future after one yard filed for bankruptcy, and another posted an operating loss of NKr560m ($82m). The privately-run Karmsund shipyard in western Norway filed for bankruptcy last week, stating tha...
2009-03-17 07:46:42
The largest-ever ship built in Wuhan: 57K
[Shipbuilding]
Qingshan shipyard of China Changjiang Shipbuilding Industry in Wuhan officially delivered its first 57,000 dwt bulk ship which will be exported to Greece this month.
2009-03-17 07:42:00
Cairn Energy looking for PSVs
[Offshore]
UK-based Cairn Energy is looking to hire two platform-supply vessels (PSVs) to expand its offshore activities in India. Industry sources say the exploration-and-production company plans to hire two PSVs of between 2,500 bhp and 3,000 bhp in the next ...
2009-03-17 07:17:57
AHTS backers in 'fire sale' mode
[Offshore]
A slump in vessel values is said to have investors with newbuildings on order scrabbling to find buyers. Some investors in Asia with speculative newbuilding orders for anchor-handling tug supply (AHTS) vessels are now in "fire-sale mode", with the...
2009-03-17 07:13:51
ONGC hoping to reduce price of 12-vessel order
[Shipbuilding]
India's state-owned Oil & Natural Gas Corp (ONGC) is looking to take advantage of a fall in prices for offshore vessels to reduce the cost of its proposed newbuilding programme. Sources say it wants to cut the price of a 12-ship contract by about 15...
2009-03-17 07:09:00
GTT and Alstom resolve three-year ship dispute
[General]
A long-running arbitration between Gaztransport & Technigaz (GTT) and former French shipyard owner Alstom appears to have been settled. While all parties are bound by French law not to speak about the dispute resolution, indications are that GTT appe...
2009-03-17 07:05:39
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