General
PGS calls off seismic order
Norwegian owner Petroleum-Geo Services (PGS) has cancelled a third seismic ship at the Factorias Vulcano shipyard in Spain. Its subsidiary, Arrow Seismic Invest VI, told the yard it was terminating the contract for newbuilding Hull No 535. Th...
2010-09-28 08:36:55
Indian shipbuilding slows down
The Norwegian RS Platou shipbroking group sees new opportunities in India despite a shipbuilding slowdown. Sunil Thapliyal, Platou’s newbuilding chief in Singapore says the yard situation has changed after the euphoria of 2007 and 2008. But...
2010-09-28 08:30:42
Fincantieri faces continued strikes
Workers have staged two more strikes at Fincantieri shipyards in Italy to protest against restructuring plans. The employees believe the proposals could endanger thousands of jobs. They walked out for eight hours at the Castellammare di Stabi...
2010-09-28 08:28:40
Golden Ocean cancels Daehan capesize
Norway's Golden Ocean Group has cancelled an order for a capesize newbuilding at Daehan Shipbuilding, the shipowner says. The John Fredriksen-controlled company “exercised its right under the shipbuilding contract” to cancel the contract. It ...
2010-09-27 08:22:02
Indian JV floats bulker tender
A joint venture between two Indian state-owned companies — Shipping Corp of India (SCI) and Steel Authority of India Ltd (SAIL) — has made its first move last week to acquire bulkers. SCI has floated three separate international tende...
2010-09-27 08:11:25
Russia invests RUB14bn for shipbuilding
Russian Government allocated 14 billion rubles from the state budget for 2011 to support of the Russian shipbuilding industry, Russian Prime Minister Vladimir Putin said yesterday. Mr. Putin noted that the industry remains a priority for the Russ...
2010-09-27 08:04:11
DSME-OSK win 10 aframaxes
Venezuela's state oil company PDVSA will order 10 aframax tankers in Russia and Korea for delivery by 2016. This is according to United Shipbuilding Corporation (USC:OSK) boss Igor Ryabov. USC is the Russian state shipyard holding company. Ry...
2010-09-27 06:31:24
Bollinger inks $166m orders
US shipbuilder Bollinger Shipyards is about to bank $166.1m from a quartet of newbuilding contracts penned by the US Coast Guard (USCG). The Lockport, Louisiana-based construction cartel has landed a deal to build 34 153-feet-long patrol boats, a...
2010-09-20 07:49:27
Backlog fell to lowest since 2006
Global newbuilding orderbook is continuing to decrease and it now stands at 7495 ships of 474.7m dwt as at September 1st, the lowest level since December 2006 when 7388 ships was on order. However, the recent surge of new VLCC and suezmax orders b...
2010-09-20 07:14:26
STX announces executives promotion
South Korea's STX Group announced on September 17th that it has appointed new executives for its overseas facilities. Among six executives in the promotion list, STX Dalian Engine Machinery Division president Lee Gang-sik (pictured) was promoted t...
2010-09-17 12:32:26
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