Offshore
OSV faces huge orderbook
The outlook is not that rosy with new arrivals expected to neutralize demand. The huge orderbook of newbuildings will weigh heavily on the sector for offshore support vessels (OSVs) over the next few years. Offshore shipowners can expect their mar...
2009-11-03 07:34:44
SAL cancels newbuilding order
Norway’s Bergen Group says a deal to build an offshore construction vessel for Germany’s SAL Schiffahrtskontor Altes Land will not lead to a formal contract. It said an MOU between the two parties to build the vessel had now expired without a ...
2009-11-03 07:26:20
Hyundai wins $1.4bn Myanmar gas project
Hyundai Heavy Industries of South Korea has secured Myanmar ‘Shwe’ gas field development project worth $1.4bn. The world’s largest shipbuilder said on November 2nd that it has been awarded the gas field development contract from compatriot D...
2009-11-02 12:33:52
Tidewater orders PSV
Tidewater has included a sixth vessel in its sale-and-leaseback program and ordered a platform supply vessel (PSV) at its owned shipyard. The company also says it purchased an offshore tug and sold 11 vessels. Finance chief Quinn Fanning said in a...
2009-11-02 07:16:05
Hyundai aims at $5bn in Q4
South Korea’s Hyundai Heavy Industries is forecast to win new orders of more than $5bn in the fourth quarter of this year. Seoul-based Hanwha Securities analyst Kim Hong-gyoon said, “Non-shipbuilding business divisions are expected to win the ...
2009-11-02 06:24:11
Jurong completes biggest rigs
Singapore’s Sembcorp Marine unit Jurong Shipyard announced Wednesday the completion of the two biggest ultra deepwater DP3 semi-submersible drilling rigs it has built to date for major US independent drilling contractor Noble Drilling. The second B...
2009-10-30 07:32:18
Wuchang-Xianghai join hands for offshore
According to local media reports, China's Wuchang Shipyard Heavy Engineering and Jiangsu Xianghai Shipbuilding Heavy Industry have signed a strategic co-operation agreement to jointly develop a manufacturing base in East China region for ships and ot...
2009-10-29 15:09:09
Transpetro tender delayed again
Brazil’s Transpetro said Wednesday that it has again pushed back deadlines on a tender to provide the owner with eight LPG carrier newbuildings. The Petrobras shipowning arm said it will now give shipyards until 12 November, rather than the prio...
2009-10-29 07:17:26
Bulgaria-Korea eye CNG carriers
Bulgaria's President Georgi Parvanov and his South Korean counterpart Lee Myung-bak have discussed the idea for a joint project for building ships for transporting compressed natural gas in the Black Sea. Parvanov and the Bulgarian delegation vis...
2009-10-28 11:38:54
Another $172m Brazil yard plan
Authorities are said to be preparing to announce another shipyard project in Brazil. The governor of Pernambuco state, Eduardo Campos, is set to announce a BRL 300m ($172m) facility at the Suape port complex outside of Recife, local media reported...
2009-10-28 07:21:18
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