Offshore
Korean offshore road-map
South Gyeongsang Province of Korea announced its mid-to-long term plan to foster offshore and shipbuilding industries. From 2012 to 2012, South Gyeongsang will invest in around KRW 679.5bn ($612m) with goals to increase export of offshore plant an...
2012-10-15 06:43:46
Korean orders FPSO in China
Although Korean shipbuilding and offshore plant builders are suffering from lower orders from overseas customers, state-owned Korea National Oil Corporation (KNOC)'s subsidiary turns out to have placed an order for one Floating Production Storage and...
2012-10-15 06:43:08
Samsung wins offshore winds complex
Samsung Heavy Industries and Korea Southern Power (KOSPO) builds Korea's first offshore wind turbine complex in Jeju Island. Samsung signed a contract to build 12 units of 7MW offshore wind turbines with a special purpose company invested by Samsu...
2012-10-15 06:31:03
Yamal LNGC to cost $350m
Russia’s Arctic-based Yamal LNG project could face a skyrocketing newbuilding bill. Industry sources following the project closely indicates the ships would likely cost up to $350m per vessel. Yamal requires 12 to 16 ice-breaking LNG carrier ...
2012-10-15 06:23:07
Bollinger wins OSV conversion
Covington, La., headquartered Hornbeck Offshore Services, Inc. (NYSE: HOS) has warded Bollinger Shipyards, Inc. a contract to convert six 200 class DP1 offshore supply vessels (OSVs), to 240 class DP2 OSVs. Bollinger executive vice president Ben B...
2012-10-12 10:32:32
LNGC newbuilds in trouble
Shipowners who have placed speculative orders for new LNG carriers in the past couple of years may have difficulties in securing long-term contracts. “It will be challenging for those speculative orders to find a long-term home,” Mitsui OSK Li...
2012-10-12 07:18:48
Fluor captures deepwater EPC
Irving, Texas & Manila, Philippines--Oct. 10, 2012-- Fluor Corporation (NYSE: FLR) announced that Fluor Offshore Solutions, a unit of Fluor, has been awarded an engineering, procurement and construction (EPC) support contract for Phase 3 of the Malam...
2012-10-12 07:05:12
Keppel to win SGD 11bn
Keppel Offshore & Marine is tipped to reap bumper orders this year, according to Kim Eng Maybank. Keppel has secured about SGD 8.9bn ($7.2bn) worth of O&M orders so far in 2011. Kim Eng is predicting the yard group to win SGD 11bn for the full ...
2012-10-12 06:43:40
Nam Cheong sells PSVs
Nam Cheong has sold two newbuildings, part of its speculative building program at its subcontracted Chinese yards. One DP-2 platform supply vessel each will be delivered in the first quarter of next year to two West African owners for $52.1m in to...
2012-10-11 07:37:27
STX OSV books OSV pair
Singapore, 10 October, 2012 – STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that Siem Offshore has declared options for the design and co...
2012-10-11 07:23:46
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