Offshore
Laid-up FPSOs hit record high
More FPSOs than ever are laid up because of a year’s hiatus in new contract awards while a growing number of fields have stopped producing. Up to 11 FPSOs and two semi-submersible units are off-hire and are being marketed around the world for ne...
2009-12-08 07:26:55
Australia secures largest LNG deal
Australia has clinched its biggest trade deal with an A$90 billion agreement to export liquefied natural gas to Japan. US oil giant Chevron announced on the weekend it would deliver 4.1 million tonnes of LNG from its Wheatstone project off the co...
2009-12-08 07:14:42
Gazprombank signs yard cooperation agreement
Gazprombank and Far East Center of Shipbuilding and Shiprepair, an affiliate of the United Shipbuilding Corporation (OSC), signed a cooperation agreement, reported local media. In addition to loan services, the bank will provide the center with consu...
2009-12-07 07:09:44
Oceanteam delays order
Norwegian shipowner Oceanteam has postponed exercising an option to order a new offshore support vessel from a Spanish shipyard. It is now negotiating a long-term charter deal and finance for the offshore vessel. Oslo-listed Oceanteam was consi...
2009-12-04 07:22:38
Daewoo inks offshore windfarm vessels
Daewoo Shipbuilding & Marine Engineering has won an order for two support vessels for the construction of offshore wind power generation capacity. Germany’s renewable energy company RWE Innogy has placed a firm order for two wind turbine instal...
2009-12-04 06:59:36
Endgame in battle for Great Offshore
The race to acquire Great Offshore appears to have entered into its final lap, with Bharati Shipyard and ABG Shipyard gearing up to make the open offer which has been cleared by the regulator — SEBI. Both parties are expected to begin their off...
2009-12-02 07:20:21
Yantai offshore yards grow fast
The expansion of offshore engineering companies such as Yantai Raffles Shipyard, DSME Shandong and Penglai Jutal Offshore Engineering Heavy Industries, in Yantai, northern China, will be facilitated under a plan outlined by the Shandong provincial go...
2009-12-01 07:19:41
PNG LNG needs 3 newbuildings
AP Moller-Maersk and Mitsui OSK Lines are said to be in the lead in a tender of up to five LNG carriers. The two shipowners are being tipped to walk off with long-term charter business for ExxonMobil's soon-to-be sanctioned PNG LNG project. Talk i...
2009-12-01 06:59:31
SinoPacific inks six gas carriers
Shipping group Jaccar Holdings has ordered six gas carrier newbuildings from China’s SinoPacific Shipbuilding to meet rising demand for the specialized ships in Europe. The order was the first of a batch of new gas carriers this year, giving shipbu...
2009-12-01 06:56:26
Hyundai offshore orders grow
Last Thursday, Hyundai Heavy Industries announced business results for the period between January and October 2009. According to the announcement, order intakes in shipbuilding division plummeted 96% against a year earlier to $444m. New orders in ...
2009-11-30 14:14:52
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