SCI to push back VLCC tender [Shipping]
India's state-owned Shipping Corp of India (SCI) is ready to push back plans for a second time to build four VLCCs. Industry sources claim SCI is considering dropping the tender altogether amid uncertainty over future tanker prospects. However,...
2009-03-06 17:31:54
NITC plans VLCC order [Shipping]
An Iranian owner says more orders are on the cards when the economic outlook becomes clearer. The National Iranian Tanker Co (NITC) wants to order a series of no less than 12 VLCCs but company officials say they are waiting for a clearer picture o...
2009-03-06 17:25:45
Bharati Shipyard bags $54m defence contract [Shipbuilding]
Bharati Shipyard, a leading Indian private sector shipbuilder, recently said it has bagged a Rs 281 crore ($54m) contract from the Ministry of Defence for supplying 15 interceptor boats for Indian coast guard. These vessels are lightweight specialise...
2009-03-06 17:10:42
Pemex inks a deal for two offshore barges [Offshore]
Petroleos Mexicanos (Pemex) forged a $58m contract with Cal Dive International for two offshore construction support barges. Cal Dive, a New York-listed offshore vessel owner, said Thursday that the Mexican state oil company will use a pipelay bar...
2009-03-06 16:58:58
Greeks hail record 2008 revenues [Shipping]
Revenues from Greek shipping hit an all-time high last year, according to the Bank of Greece. However, the last two months of the year reflected the woes of the dry cargo markets. Official earnings from the industry totalled €19.2bn ($24bn) in 2...
2009-03-06 16:49:28
37 shipping firms selected for possible restructuring [Shipping]
South Korean government is starting in on shipping companies before they’ve even finished the second round of restructuring at shipbuilders and construction companies, according to the top financial regulator. The Financial Services Commission yest...
2009-03-06 16:41:59
ONGC intends to renegotiate with yards for lower prices [Offshore]
India’s ONGC (Oil and Natural Gas Corp.) is looking at renegotiating the prices for 12 offshore support vessels with global and Indian shipyards that had submitted price bids in response to the oil explorer’s tenders floated some months ago. ONGC...
2009-03-06 16:29:51
Glut of shipbuilding steel to worsen, China [Equipment]
Surplus of steel supply for shipbuilding in China may worsen due to the decline of new shipbuilding orders and growing production capacity of steelmakers, an expert said. "The maximum steel demand is estimated to reach 20 million tons by 2010, whi...
2009-03-06 15:36:18
Indian steel makers cry foul over taxes [Equipment]
India’s leading steel makers have demanded a level-playing field for catering to the domestic shipyards as exise duty and taxes rendered it uncompetitive vis-a-vis its foreign peers. "We are capable of prodcuing equally good quality of shipbuilding...
2009-03-06 15:19:51
Putin urges Russian commercial shipbuilding [Shipbuilding]
Russian Prime Minister Vladimir Putin is to chair a meeting in St. Petersburg on March 6t h on the development of the Russian civilian shipbuilding industry. "We plan to discuss at the meeting the main aspects of the development of the Russian civ...
2009-03-06 11:37:08
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