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Offshore
Hyundai eyes new yard in Nigeria
Hyundai Heavy Industries is considering setting up a new shipyard in Nigeria where a state government claims a preliminary deal has already been penned. The South Korean behemoth signed a memorandum of understanding with Bayelsa State Government ...
2011-06-16 08:37:34
GE wins subsea deals
GE Oil & Gas subsidiary Wellstream has won a $200 million long-term flexible pipe and subsea equipment logistics services contract with Petrobras, triggering additional investments of $90 million in a new logistics base adjacent to the US company’s...
2011-06-16 08:32:38
ST Marine wins AHTS
Singapore Technologies Marine has won a new contract for four anchor handler newbuildings from an offshore shipowner. ST Marine said the order by Hong Kong-listed Swire Pacific Offshore is worth SGD 171m (USD 138m). The contract covers the bu...
2011-06-16 07:21:00
Mosvold may cancel two more
Norway’s Mosvold appears to be cancelling two more large anchor handler newbuildings from Singapore shipbuilder Otto Marine. The shipowner has already ditched two of the four ships it ordered from Otto’s Batamec shipyard in Indonesia in 2007 ...
2011-06-15 08:18:59
Vroon books wind farm vessels
Vroon Group subsidiary MPI Workboats of the U.K. has placed an order for two additional offshore wind farm service vessels. They will be built at the South Boats Medina Shipyard on the Isle of Wight, U.K. and, when delivered next year, will bring...
2011-06-15 08:08:31
Gibdock wins PSV conversion
Norway's Solstad Offshore has returned to Gibraltar shipyard Gibdock for the conversion of the platform support vessel Normand Vester. This work will prepare the vessel for a new role, under a four year charter that Solstad has recently agreed wi...
2011-06-15 08:05:47
NYK to order more LNG carriers
Japan's NYK Line is looking to increase investment in LNG carriers following a boom in the sector. NYK set aside JYP 260bn ($3.2bn) in March to buy five new LNG carriers and FPSOs but it is now crunching the numbers to add further gas ships. ...
2011-06-14 12:40:27
Italian converts aframax into FSO
Pietro Barbaro of Italy is dipping into the floating storage market after purchasing an aframax products tanker from Thenamaris of Greece. Sources inside the PB Tankers parent say the 109,000-dwt Seapride I (built 1999) will be converted into a f...
2011-06-14 07:55:56
Saipem secures $1bn orders
Italian contractor Saipem has won a slew of engineering and construction contracts worth a total of $1bn. In Egypt, the company has secured an EPIC contract from Burullus Gas Company for new subsea developments in the West Delta Deep Marine Conce...
2011-06-14 07:46:31
Shell plans 2nd LNG-FPSO
Royal Dutch Shell plans to install a second LNG-FPSO at the Greater Sunrise field in the Pacific, a senior executive said Monday. Gas consumption in the world's fastest-growing major economies China and India is surging as industries and cities e...
2011-06-14 07:20:44
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