Offshore
OSV values jumping
Newbuilding prices for top-end anchor handling tug supply vessels have climbed by almost 10% so far this year, Clarksons says. The world’s largest shipbroker values a new 240-tbp AHTS at $91.5m, up from $84m at the start of 2011. It follows...
2011-09-23 08:04:34
COSCO Nantong wins pipe-layers
SapuraCrest inks a $227m order to build a pair of pipe-layers at a Chinese shipyard. The Malaysian owner’s TL Offshore (TLO) subsidiary has penned the order at COSCO Nantong Shipyard, according to an exchange filing. SapuraCrest says the fi...
2011-09-23 07:56:15
Hyundai inks 10th drillship
Hyundai Heavy Industries of South Korea scored another drillship, winning the most drillship orders worldwide for 10 ships worth $5.5bn. Hyundai revealed on Sept. 22nd that it signed a newbuilding contract for one drillship from Noble Drilling, a...
2011-09-22 10:34:42
Philippines to import LNG
The Philippines plans to begin importing liquefied natural gas (LNG) in the next four to five years. The country is in talks with US, Canadian and Australian suppliers, energy under-secretary Jose Layug said. “In four to five years, hopefully...
2011-09-22 08:10:38
STX inks LNG carrier
STX Offshore & Shipbuilding signed a contract to build an LNG carrier on September 15th. The recent LNG carrier order is a result of a modification of a deal for two bulkers penned in July 2008 for around $210m, as per the request from the owner. ...
2011-09-22 08:00:22
AET earmarks modular capture vessels
Eagle Texas, the 61st Aframax to be delivered into AET's rapidly growing fleet, will be the company's second tanker to take up duties as a modular capture vessel (MCV). AET was recently awarded a 20-year contract with Marine Well Containment Compa...
2011-09-22 07:27:57
GE wins compressors for LNG-FPSO
Engineering giant GE has landed a contract from Technip to supply a pair of compressors for Shell’s monster Prelude LNG-FPSO off Australia. The US technology services player has also won a deal worth up to $230 million from Brazil’s OGX and a ...
2011-09-21 07:32:30
STX OSV bags 3 trawlers
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of three advanced stern trawlers for Aker Seafo...
2011-09-20 07:46:54
Rig orders drying up
Credit Suisse lowered its outlook on Sembcorp Marine. The bank cut its rating on the Singapore-listed rig builder’s stock to neutral from outperform despite saying it remained positive on the company. Credit Suisse slashed its price target ...
2011-09-20 07:42:26
Flex near LNG-FPSO 'FID'
Flex LNG chief executive Philip Fjeld said his company is on track to reach Final Investment Decision (FID) on its Floating LNG (FLNG) production (LNG-FPSO) project in Papua New Guinea. Once FID is achieved, the project should start operating in t...
2011-09-20 07:19:04
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