Offshore
MODEC sells FPSO
MODEC has sold a floating production storage and offloading (FPSO) unit to a consortium operating an oil field off Ghana. The Japanese company concluded a $750m deal with the Tullow Oil-led group last month for the sale of the Kwame Nkrumah, Reut...
2012-01-09 07:27:26
Samsung eyes offshore topside
Samsung-POSCO business cooperation is to expand into offshore plant sector. Market sources said on 6 January that Samsung Engineering decided to buy Sungjin Geotec's KRW 56.7bn ($48.8m) worth of new issue shares (about 5.2m units). Plant module...
2012-01-09 07:02:11
Aker wins Bøyla subsea
5 January 2012 - Aker Solutions has signed a contract with Marathon Oil Norge AS to supply a subsea production system for the operator's Bøyla project on the Norwegian continental shelf. Contract value is approximately NOK 210 million ($35.2m). ...
2012-01-06 08:17:55
COSCO secures OCVs
The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co. Ltd., a subsidiary of the Company's 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over USD220 million fro...
2012-01-06 08:06:35
$90bn newbuilds inked: 2011
World new ship orders in 2011 were nearly halved in numerical terms year-on-year, however, it would be over $90bn, similar to $99.7bn from 2010, in terms of dollar contracted value. According to Clarksons, only about 100 tankers over 10,000 dwt we...
2012-01-06 07:25:58
Hyundai develops 'LNG-FPSO'
Hyundai Heavy Industries develops its own LNG-FPSO model for the first time in Korea and put spurs to attract high-value LNG offshore plant market. Hyundai announced on 5 January that it received approval in principle (AIP) for its self-developed ...
2012-01-05 11:15:32
Korea plant order record-high
South Korea's new order for overseas plant in 2011 set a new record. Now Korea made another growth in new order for eight years in a row. Ministry of Knowledge Economy (MKE) and Korea Plant Industries Association announced on 4 January that Korean...
2012-01-05 10:46:18
ABS to class dual-fuel OSVs
Harvey Gulf International Marine has selected ABS as the class society for its two new dual fueled LNG-powered offshore supply vessels (OSVs) being constructed at Trinity Offshore LLC. The vessels will be among the first to be classed under the A...
2012-01-05 07:53:05
Big3 eye 70% offshore
South Korean Big three are to make a big cut in new order for commercial ship, while expand offshore sector orders to 70-80%. Daewoo Shipbuilding & Marine Engineering plans to reduce weight on merchant ship sector to 20-30% in 2012. It sealed newb...
2012-01-05 07:12:23
Big3 Offshore Clash
South Korean major three shipbuilders' new order competition for mammoth offshore plant is getting hotter from the beginning of the year. Sources said that Korean builders dominated drillship market in advance last year and devoted all their stren...
2012-01-04 14:27:32
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