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Offshore
Samsung ups market dominance
On the basis of strong grip on the high-end shipbuilding market, South Korean shipbuilder Samsung Heavy Industries shows a stable performance. Analyst Kwag Min-Jung of BS Securities reported on April 18, "Samsung has positioned itself as an unmatc...
2012-04-20 06:54:45
Welcome ordering season
As seasonal ordering peak of the second quarter has started, South Korean shipbuilders' share prices showed an upturn on April 18. Analyst Kim Hong-Gyun, Dongbu Securities said, "Orderings for offshore drilling and production facilities and gas ca...
2012-04-19 07:13:23
Edda to build more flotels
Flotel contractor Edda Accommodation is defying fears of overcapacity in the market for accommodation units by pressing ahead with orders for a pair of newbuilds. The two new monohull accommodation vessels, being designed by Salt Ship Design, wil...
2012-04-18 08:09:41
Aker newbuilds Cat-B rig
17 April 2012 - Aker Solutions has entered a long-term agreement with Statoil to provide a full range of heavy well intervention and light drilling services on the Norwegian continental shelf. The contract period is for eight years, with options ...
2012-04-18 07:45:05
Samsung shore up offshore
Investors should weight more on Samsung Heavy Industries' expansion of offshore business than its earnings results, Daewoo Securities suggested. Analyst Sung Ki-Jong said on April 17, "On IFRS consolidated basis, Samsung's estimated turnover for t...
2012-04-18 07:05:54
ASL Marine pens PSV
Singapore, 16 April 2012 - ASL Marine Holdings Ltd. ("ASL Marine" or the "Group"), a marine group engaged in shipbuilding, ship-repair and conversion, as well as ship chartering, has secured contracts worth S$132.5 million for the construction of fiv...
2012-04-17 07:33:38
Big3 await mega orders
Deutsche Bank analyst Sanjeev Rana says the share price of Korea’s big three shipyards remain very attractive with more than 70% of business presently coming from the offshore sector. “Despite rising ship demolitions we believe it will take a...
2012-04-17 06:56:38
Offshore ordering accelerates
With oil prices kept high, new order in offshore sector has been boosted. Almost $15bn of orders have been already revealed in offshore segment so far this year. While South Korea and Singapore lead the offshore market, Chinese shipbuilding indust...
2012-04-17 06:51:32
Aker builds new umbilical plant
Norway’s Aker Solutions announced plans to build a new state-of-the-art umbilical manufacturing plant in Pekan, Malaysia, to meet anticipated growth in the Asia Pacific region. The company will invest $60 million in the new manufacturing facili...
2012-04-16 07:39:37
STX OSV bags OSCV duo
Singapore, 13 April, 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 it has secured new contracts for the design and construction of...
2012-04-16 07:02:36
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