Otto Marine cancels new shipyard project
Singapore offshore vessel builder Otto Marine said on August 5th that it has scrapped its plan to construct a shipyard in China. The company said in a statement that the 2007 deal between its unit OM Offshore and the city of Qidong in Jiangsu Provinc...
LNG newbuilding orderbooks slump
Shipbuilders' combined LNG carrier orderbook around the world has shrunk to around 60 vessels. Brokers' figures show some 25 are slated for delivery in the remaining months of this year, 22 in 2010, nine in 2011 and two in 2012. Some shipbuilde...
Wuchang accelerates offshore plant biz
China's Wuchang Shipbuilding Industry Co held a plate-hanging ceremony on July 28th for its Qingdao Haixi Bay Shipbuilding Base under construction now. As for Wuchang's former main shipbuilding base, located halfway down the Chang River, it was di...
Daewoo to win LNG-FPSO
South Korea’s Daewoo Shipbuilding & Marine Engineering may win a contract next year from Norway’s Lief Hoegh & Co to build a floating liquefied natural gas plant, a Daewoo official said. The deadline for an agreement to build a floating LNG pr...
BG focuses on Oz LNG over Nigeria
UK gas giant BG Group said it is reducing funding of its Nigerian LNG export project and switching investment to develop newly acquired assets in Australia. BG along with supermajors Chevron and Shell and state-run Nigerian National Petroleum Corp. a...
Samsung builds Shell’s LNG-FPSOs
Samsung Heavy Industries on July 29th said it has signed a contract with Royal Dutch Shell to construct LNG-FPSOs, together with France’s Technip, its consortium partner. Under the agreement, Samsung will exclusively supply LNG-FPSOs to Shell fo...
Petronet to buy LNG carrier pair
India’s Petronet LNG is planning to invest INR 25bn ($520m) for a pair of LNG carriers. Managing director Prosad Dasgupta revealed the purchase as part of a slate of INR 145bn in investments for the Indian LNG terminal owner's Kochi-area regasif...
Hudong-Zhonghua to sign 6th LNG ship
China’s Hudong-Zhonghua Shipbuilding is to secure a long awaited order for its sixth LNG carrier in the next few months. The Shanghai-based shipyard will receive its $200m contract for the 145,000 cu m ship in the “next couple of months”, s...
Offshore investment to hit $367bn
Investment in offshore plants is expected to grow rapidly all over the world by 2013. Douglas Westwood, a consulting company of the UK, said though global offshore plant market will be affected to some extent by the financial crisis, the investmen...
GulfMark completes newbuilding programs
GulfMark Offshore has taken delivery of vessels that complete two newbuilding campaigns. The owner took delivery of the Sea Comanche anchor handler from Keppel in Singapore and the Tiger offshore supply vessels this month from a US builder. GulfMa...
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