Offshore
Offshore Wind Blows to 'Big 3'
South Korean large shipbuilders are proceeding with business diversification into the wind turbine sector. According to data from the Korean Intellectual Property Office, local patent applications in the wind power generation sector surged from 71...
2011-07-12 07:10:09
Daewoo orders to top $14bn
A stronger than expected orderbook at Daewoo Shipbuilding and Marine Engineering, including an expected $800m order for containerships, has prompted Deutshce Bank to revise upward its new order estimate for 2011 for the South Korean shipbuilder to $1...
2011-07-11 07:34:51
SBM to build LNG-FPSO
SBM Offshore of the Netherlands is looking to break into the LNG business through an alliance with PTTEP Australasia and PTT FLNG Limited. Amsterdam-listed SBM says the companies have forged a partnership to develop a floating liquefied natural g...
2011-07-11 07:18:08
STX OSV stake rejig
STX Europe Holding AS, a wholly owned subsidiary of STX Europe AS (STX Europe), has agreed to sell part of its equity interests in STX OSV Holdings Limited (STX OSV) to investment funds affiliated with OZ Management LP (Och-Ziff), the Company said Fr...
2011-07-11 07:07:06
Korea spurs New Shipbuilding Complex
Development of Korean Galsa-bay shipbuilding complex, main complex of Hadong district in Kwangyang-bay free economic zone, will be actively proceeded. Sources say on 7th, Hadong County and Hadong-district Development Board has recently inked a su...
2011-07-08 14:36:27
Daewoo to win $13bn orders
Deutsche Bank has pumped up the order and profit forecasts for South Korea's Daewoo Shipbuilding & Marine Engineering thanks to its strong position in the LNG and offshore sectors. Analyst Sanjeev Rana is tipping the Seoul-listed yard to collect ...
2011-07-08 13:35:11
Hyundai completes $1bn PTTEP platform
South Korea's Hyundai Heavy Industries held a departure ceremony of 'Bongkot' gas pressurizing and refining platform, ordered by Thailand's PTT Exploration and Production Public Company (PTTEP), at its Ulsan offshore-dedicated factory on July 7th. ...
2011-07-08 09:19:56
Samsung firm up GasLog LNG carriers
Greece's GasLog reportedly has at least six firm LNG carriers on order at Samsung Heavy Industries in South Korea. It seems the Greek owner exercised two optional LNG carriers early this month. Brokers claim at least two of the vessels may hav...
2011-07-08 08:11:27
Teekay converts windfarm vessel
Canadian shipping giant Teekay Corp is on the brink of converting one of its shuttle tankers into an offshore windfam installation vessel after forging a partnership with Danish windfarm specialist A2SEA. The New York-listed shipowner, which cont...
2011-07-08 08:05:23
PSV orders hit highest
Orders for large platform supply vessel newbuildings reached a record high in the second quarter of this year, Carnegie says. 35 PSV newbuidings over 3,000-dwt were ordered in the period, taking the global tally to 209, according to the Norwegian...
2011-07-08 07:03:00
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