Offshore
STX Europe Q2 earnings rise
STX Europe reported an EBITDA of NOK 205 million for the second quarter of 2010 which is an increase from NOK 75 million in the second quarter 2009. The Offshore & Specialized Vessels business area had a record EBITDA in the second quarter of NOK 298...
2010-09-02 07:27:34
HHI builds first drillships
Hyundai Heavy Industries, the world's leading shipbuilder, said that it has successfully built two drillships. It marks the first time that the South Korean company has built such ships used to explore oil in deep water. The drillships, 229.2...
2010-09-01 08:42:05
Ballast Nedam grabs wind deals
Dutch construction group Ballast Nedam has penned a pair of contracts for one of its heavy lift vessels (HLVs). Euronext Amsterdam-listed Ballast says Danish energy giant Dong Energy and A2SEA have fixed the HLV construction unit Svanen for the A...
2010-09-01 08:28:42
COSCO Shipyard focuses on offshore
COSCO Shipyard was established in 2001, whose business was mainly ship repairs then. In 2007 the yard decided to develop offshore plant manufacturing. Compared to ship repair business, the offshore plant manufacturing especially marine platform is...
2010-08-31 01:04:10
STX signs LNG PSV pair
Island Offshore has inked another brace of platform supply vessels (PSVs) at STX Europe. Havard Ulstein-led Island will pay NOK 900m ($143.49m) for the newbuildings. The order is on speculation at the present time but he intends to tie the ve...
2010-08-30 08:17:30
HHI wins VLGC pair
Hyundai Heavy Industries has reportedly inked a contract with Bermuda-based Petredec to build two (including one optional ship) very large gas carriers. Newbuilding price is said to be $76m per ship for delivery in 2012-2013. It is in two years...
2010-08-30 06:49:59
Senhe wins OSVs order
Jiangsu Senhe Shipbuilding has signed a contract with Singaporean CPC to build two 88-meter OSVs totaling over CNY1.0bn ($147m), to be delivered in June 2011. As is introduced, the 88-meter OSVs will be built to IMO standards. CPC expressed they h...
2010-08-27 11:19:12
Cecon faces bankruptcy
Norwegian offshore owner Cecon says it may be facing bankruptcy if it fails to restructure debt and secure fresh financing for its newbuildings, according to a filing with the Oslo bourse. The grim report came a day after the Oslo-listed outfit a...
2010-08-27 08:23:44
Flex LNG-FPSO funding trouble
Flex LNG has moved to quash fears that Samsung Heavy Industries could cancel a series of high-priced newbuildings as funds remain scarce. The Oslo-listed company said it has been given assurances by the South Korean yard that it has no intention ...
2010-08-27 08:13:43
Pours in BC orders
The flow of orders for Handysize-Handymax bulkers continues to evolve on a bullish tone for far east shipyards. In Handymax sector, STX Offshore & Shipbuilding bagged an order for two 57,300-dwt bulkers, with one more on option, from Greek owner ...
2010-08-26 09:33:51
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