Offshore
Sinopacific starts building new PSV series
China's Sinopacific Shipbuilding reports that its Zhejiang Shipyard started work May 9 on the manufacture of the first in a series of SPP17 PSV offshore support vessels for Paris-headquartered Bourbon Company. The platform supply vessel is the e...
2011-05-12 05:04:03
China beefs up offshore biz
Within five years, demand for drilling facilities are forecast to increase by an average of 10% annually, reaching $30bn. According to analysis by Shenyin & Wanguo Securities, China pushes ahead with expanding into the offshore sector and inves...
2011-05-11 12:45:49
Daewoo wins 4th drillship
Daewoo Shipbuilding & Marine Engineering announced today that it has won an order for a deep-water drillship from Vantage Drilling of the US. On May 9th, DSME president Nam Sang-tae and Vantage ceo Paul A. Bragg inked the contract in Houston. ...
2011-05-11 07:40:13
STX OSV operating profit jumps 60%
STX OSV has seen its first quarter profit stack up on the back of rising revenue. Singapore-listed STX OSV bagged NOK 312m ($56.62m) in the opening three months of 2011, up 28% on a year ago. Revenue climbed by one fifth to NOK 3.12bn, while ...
2011-05-11 07:14:16
Big3 top $21bn in new orders
"Big 3" shipbuilders won newbuilding orders worth more than $20bn and continue to clinch more orders. In particular, new order value in the offshore sector accounted for 60% in all the new order value. The sector turned out to most benefit from c...
2011-05-11 06:53:32
Samsung wins FPSO
Samsung Heavy Industries announced today in a regulatory filing that it has been awarded a $636m contract by Norway's Teekay Petrojarl to build a floating production, storage and offloading facility. The FPSO with a crude oil storage capacity of 800...
2011-05-09 14:44:11
STX to deliver 1st offshore plants
STX Offshore & Shipbuilding is to deliver its first offshore plant and drillship since the company was established and it plans to increase orders for high value added vessels in the future. STX won an order for a Pipe Laying Vessel from Technip...
2011-05-09 12:22:40
Standard, no delay in rig delivery
Standard Drilling of Cyprus says the delivery of three jack-up drilling rigs under construction in Singapore will not be impacted by a force majeure warning issued by Keppel FELS. Standard on Friday told investors the shipbuilder has confirmed hull n...
2011-05-09 07:27:58
Daewoo to continue sound results
Daewoo Shipbuilding & Marine Engineering (DSME) is expected to continue its sound operating results from the first quarter, achieving corporate growth thanks to its competitiveness in securing orders for the offshore production facilities. Dong...
2011-05-09 06:28:24
Samsung wins ISO/TS 29001
Samsung Heavy Industries said on May 4 that it became the first shipbuilder in the industry to be certified in accordance with ISO/TS 29001 and its quality management capabilities in the offshore plant sector became recognized internationally. Th...
2011-05-06 12:17:21
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