Offshore
Coastal delivers fewer ships
Malaysian shipbuilder Coastal Contracts reaps less as it delivers fewer vessels in the third quarter. The Kuala Lumpur-listed company said it handed over five vessels during the three months to 30 September compared to seven units during the corr...
2011-11-25 07:56:07
Hyundai Mipo eyes PSV
An analyst is looking forward to Hyundai Mipo Dockyard's expansion into platform support vessel sector and its further valuation and dividend payment. Analyst Jeon Jae-Chun from Daishin Securities of South Korea said, "In a share price below KRW 1...
2011-11-25 07:10:17
CIMC Raffles wins semi-sub rig
China's Yantai CIMC Raffles Shipyard has reportedly inked a new order for one subsea semi-submersible drilling platform with COSL Drilling Europe (CDE) in an engineering, procurement, and construction (EPC) contract. If it is a firm contract, this...
2011-11-25 07:06:57
Oriental inks multi functional vessel
Oriental Precision & Engineering, specialized in shipbuilding and offshore plant, revealed it signed a $15m of newbuilding contract with Bharati Shipyard of India. The South Korean shipbuilder would deliver a multi functional vessel by the end of ...
2011-11-24 14:18:56
STX launches 2nd drillship
STX Offshore & Shipbuilding held a launching ceremony for its second built drillship. The South Korean shipbuilding held the ceremony at its STX Dalian Shipbuilding & Offshore Complex in China on 22 November for 'Noble Globetrotter 2'. This is ...
2011-11-24 09:29:10
Kleven wins offshore vessel
Kleven Maritime has signed a contract with Myklebusthaug Offshore, Norway, on the building of a new multipurpose offshore service vessel. The vessel is to be built at Kleven Yard in Ulsteinvik, Norway, and will be the first vessel to incorporate n...
2011-11-23 07:50:14
Hyundai & Daewoo eye GTT buy
South Korea's Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are looking at 1 billion euro bid for French engineering company GTT (Gaztransport & Technigaz), several sources with direct knowledge of the proposed deal said, Reut...
2011-11-23 07:37:56
Big3 overweight offshore
South Korea's major shipbuilders are forecast to maintain its high records of new order in 2012, along with recovery in offshore market. Analyst Huh Sung-Duk from Hi Investment & Securities said, "Big 3's new order in 2012 is likely to decrease a ...
2011-11-23 07:05:23
Daewoo wins Israeli gas field project
South Korea's Daewoo Shipbuilding & Marine Engineering has signed a Head of Agreement (HoA) for sale and purchase of gas from Tamar and Dalit field in Israel. Following the HOA signing ceremony, Daewoo would start a pre-FEED study for LNG-FPSO wit...
2011-11-22 10:57:40
India eyes first LNG-FSRU
India pushes for its first LNG-Floating Storage Regasfication Unit (FSRU) project. India's major integrated gas company, GAIL is now under a bidding of project management consultant (PMC) for its first LNG-FSRU. The LNG-FSRU and construction of te...
2011-11-22 10:09:03
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