Offshore
Samsung FPSO order on ice
Nexus Floating Production has put an offshore newbuilding contract at Samsung Heavy Industries on ice as its financial woes continue. The Norwegian owner once again reported zero quarterly revenues and a modest loss as it did not operate ships in...
2010-08-26 07:12:56
COSCO Shipping to buy seven MPPs
COSCO Shipping Company announced on August 24th that the group would splash out CNY650m ($96m) to purchase seven MPPs from Compatriot Guangzhou Ocean Shipping Company. The announcement expressed that the payment would be based on cash plus liabili...
2010-08-26 01:05:42
DSME signs Pipe-Lay Vessel
South Korea's Daewoo Shipbuilding & Marine Engineering is accelerating order intakes for offshore facilities by finalizing a pipe-lay vessel order right after signing an $1.81bn FPSO. DSME boss Nam Sang-tae and Heerema Offshore Services B.V. chief...
2010-08-25 12:13:39
COSCO starts deep-water drillship
Construction of the world's largest deep-water oil drilling vessel has started in northeast China's Liaoning Province. Under a contract signed with Germany's Deutsche Verkehrs-Bank (DVB), COSCO Dalian Shipyard is building the "Dalian Pioneer" in ...
2010-08-25 08:25:16
Havyard secures PSV
Supply Service has turned to Norway's Havyard Group for another platform supply vessel (PSV) newbuilding. The Faroe Islands based company will pay over NOK 300m ($47.67m) for the ship only two months after placing another order at the same yard. ...
2010-08-25 07:25:45
Dredger market booms
Currently global ship market is hanging around bottom. The shipowners are bothered by finance while shipbuilders faced order drought. By contrast, the dredger market is booming without any delivery delays and cancellations. In the past ten years, ...
2010-08-25 01:03:54
DSME signs $1.81bn FPSO
South Korea's Daewoo Shipbuilding & Marine Engineering has put pen to paper on a contract to build a floating production, storage & offloading unit. DSME president Nam Sang-tae and Energy major Total president Philippe Chalon signed the $1.81bn co...
2010-08-24 11:44:46
Fred Olsen sends FSO to scrapyard
Fred Olsen Production has confirmed the scrapping of one of its floating storage and offloading (FSO) units. Oslo-listed FOP will book a $2m profit on the sale of the 128,000-dwt Knock Dee (built 1974) in its third quarter accounts. In a stat...
2010-08-24 08:21:03
MODEC wins Petrobras FPSO
Brazil’s Petrobras has signed up for a floating production storage and offloading vessel in Japan in a deal worth $1.2bn. Mitsui Engineering & Shipbuilding’s offshoot Modec is to lease the vessel to Rio de Janeiro-based Petrobras for 20 years...
2010-08-24 07:17:17
European yards eye LNG-fuelled ferry
Northern European shipyards are expected to be the front-runners in a race to secure an order for four LNG-powered ferries. Norway’s Torghatten Trafikkselskap wants the ships delivered by the beginning of 2013. The deadline is expected to f...
2010-08-23 07:15:00
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