Abu Dhabi Ship Building wins $125m deal [Shipbuilding]
Reuters reported that 16 meter vessels will be designed by Turkey's Yonca-Onuk and co-produced by International Golden Group of Abu Dhabi. Abu Dhabi Ship Building said that it won a AED 460 million (USD 125 million) contract to supply 34 intercept...
2009-02-26 08:11:19
BG, Golar LNG in talks with Hudong on LNG ships [Shipbuilding]
Overseas media reports that U.K. energy giant BG Group and John Fredriksen-led LNG carrier company Golar LNG are currently in talks with Hudong-Zhonghua Shipbuilding, China's only shipyard capable of constructing LNG carriers, for the construction of...
2009-02-26 08:06:20
Idle capesize numbers fall dramatically [Shipping]
The number of capesizes without employment has dropped by more than two thirds in the last three months, with 30 of the vessels now idling at ports around the world. But a different story has emerged for older and smaller bulk carriers, or those ...
2009-02-26 08:01:25
NITC takes delivery of last in series of 11 NBs [Shipbuilding]
National Iranian Tanker Company (NITC) has taken delivery of the last vessel in a series of 11 newbuildings from Hyundai Heavy Industries and three ships from Samsung Heavy Industries in South Korea. The world’s fourth largest tanker company ha...
2009-02-26 07:57:41
Dead bodies at breaking yards 'thrown into sea' [General]
Dead bodies of unregistered employees are being tossed into the sea at Bangladeshi shipbreaking yards, according to London-based Member of the European Parliament Robert Evans. Speaking from first-hand experience following a trip to Chittagong in No...
2009-02-26 07:52:21
Almost quarter of reefer fleet idle [Shipping]
Almost 25% of the global reefer fleet is inactive, according to data from Lloyd’s Maritime Intelligence Unit. Some 342 ships, with a combined dwt of 684,373 tonnes, of a total fleet of 1,407 vessels are inactive or have not reported movement fo...
2009-02-26 07:49:21
Russia outsourcing tanker building [Shipbuilding]
Russia's most active oil and gas fields are shifting further to the north and closer to Russia's eastern coast, a development which is driving demand for new oil and LNG tankers. But with the country's shipbuilders mostly focused on military vessels,...
2009-02-26 07:43:51
SCI scraps tender: reconsidering fleet expansion [Shipbuilding]
State-run Shipping Corp. of India Ltd (SCI), India’s biggest shipping company by fleet size and revenue, has scrapped a tender to buy four dry bulk cargo carriers as demand for ships declines in the face of a slowdown in global trade. “Demand has...
2009-02-26 07:40:22
Restructuring first: Shipping, South Korea [Shipping]
South Korea plans to give aid to its ailing shipping industry after restructuring it first. The government is now devising a scheme to get domestic financial institutions or enterprises to be able to legally purchase the ships which would be put o...
2009-02-26 06:58:11
Petrobras plans to deploy 23 FPSOs: 2020 [Offshore]
Brasil could be producing 1.8m barrels of oil per day from its pre-salt oil fields by 2020 as state group Petrobras intends to deploy 23 floating production systems and invest $110bn in the next 10 years. The South American nation has discovered huge...
2009-02-25 10:53:39
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