Jurong inks $350m jack-up rig
John Fredriksen’s Seadrill has exercised its option on a jack-up newbuilding after securing a long-term contract for the rig with Statoil. Oslo-listed Seadrill will pay $350m for the rig at Singapore’s Jurong Shipyard, a statement says. S...
Hyundai to win more plant orders
Hyundai Heavy Industries, the world's biggest shipbuilder by orders, expects to easily achieve, if not surpass, its order target of $2 billion for its industrial plant and engineering business this year as it banks on getting large non-shipbuilding p...
Offshore Plants Recovery Signs
Offshore plants market is vitalizing the industry signalling gradual recovery as high oil price persists and economy signals recovery from this year. It will act as a favorable factor for shipbuilders who took advantage of special demand in drills...
RINA's offshore vessel new rules
Italian classification society Rina has introduced new rules for offshore vessels such as floating production storage and offloading vessels and floating storage and regasification units. Rina says that the rules for the classification of floatin...
Daewoo-Mangalia builds first drilling barge
Daewoo Shipbuilding & Marine Engineering (DSME) of Korea won a contract to build a drilling rig ordered by Korea National Oil Corporation as a submersible drilling barge, a barge-type rig which is already being used in Russia. Daewoo-Mangalia Heav...
Ezra newbuilds pushed back
Singapore-based shipowner Ezra Holdings expects delays to the outfitting of three of its newbuilding subsea construction support vessels in Singapore as it adds additional equipment to the ships. The owner of 31 offshore support vessels and part-...
DSME Inks Drilling Rig
Daewoo Shipbuilding & Marine Engineering of Korea has recently signed a contract to build a submersible drilling barge. DSME said it inked the contract on April 9th with a Korean consortium, led by the Korea National Oil Corporation, to construct ...
MOL converts VLCC to FPSO
Japan's Mitsui O.S.K. Lines recently announced that the company would cooperate with compatriot partners to invest on Floating Production Storage and Offloading (FPSO) project. The investment totals $800m, collecting from several Japanese banks to...
China vs. Korea: LNG ships war
Recently Dalian Shipbuilding Industry and Jiangsu Rongsheng Heavy Industries Group both expressed that they would enter LNG carrier building market. "LNG carrier is recognized as the pearl on the crown of shipbuilding industry with high technology...
Equip makers isolated from offshore boom
Shipbuilding equipments manufacturing companies, who are alienated from shipbuilding industry's recovery, especially in offshore sectors, are expected to suffer deeper from the second half of this year as the severe orders drought for the last two ye...
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