Offshore
Hegemann restructures for offshore
German yard group Hegemann is restructuring its two shipyards as it seeks to specialise in offshore vessels. The company will merge Volkswerft Stralsund and Peene Werft under the name P+S Werften. The group was hit by liquidity problems last ...
2010-06-10 08:18:29
Sevan wins $230m financing
Sevan Marine has agreed the bare bones of a $230m loan to pay for upgrades to one of its FPSO units. Oslo-listed Sevan has received a term sheet for the cash from ING Bank, it tells investors Tuesday. If finalised, the loan will replace a $15...
2010-06-09 08:16:26
STX signs $68m PSV
STX Europe has secured its eighth offshore vessel newbuilding order, underlining a positive trend for the shipbuilder. The company’s Norway-based offshore and specialised vessels business has won a NKr450m ($67.8m) order to build a gas-fuelled s...
2010-06-08 08:16:23
China to build first CSS drilling ship
China’s Mawei Shpiyard recently signed with UAE’s MAC to build global first CSS offshore drilling ships, with accommodation of 500 persons. The first ship is scheduled to be delivered in December 2012. CSS is designed by Canadian STX Marine, i...
2010-06-07 10:52:21
LNG newbuild resumes
LNG carrier newbuilding negotiation resumes in Japan's shipbuilding industry after a hiatus of about three years. Tokyo Electric Power Company (TEPCO) is said to be planning to secure one newbuilding or secondhand LNG ship to transport LNG from P...
2010-06-07 06:39:14
Chinese LNG ship orders surge
Chinese shipbuilder started to occupy LNG carrier market. As reported earlier, Iranian NITC has ordered six LNG carriers from an unrevealed Chinese yard recently, valued at $2.2bn. Considering another four LNG carriers from Mitsui O.S.K. Lines ...
2010-06-03 09:59:45
Cosco wins FPSO conversion
Yard group Cosco Corp (Singapore) has won two new FPSO conversion deals worth more than $100m. Its Cosco Dalian Shipyard in China will work on the VLCCs Radiant Jewel (302,000 dwt, built 1992) and the 323,000-dwt BW Nisa (built 1983) for a Japane...
2010-06-03 07:40:36
STX orders heavy lift vessel
STX Pan Ocean has ordered a semi-submersible heavylift carrier barely months after saying it was moving into the sector. The South Korean shipowner said the costs of the newbuilding vessel would be in the low to mid $40m level. It did not dis...
2010-06-03 07:05:41
Shell's choice: Mark III type FLNG
Energy major Shell has selected Mark III-type membrane-containment systems as the 'base case' to work with on the design of its generic floating LNG (FLNG) unit. Front-end engineering and design (FEED) contractors Samsung Heavy Industries and Tec...
2010-06-01 12:01:04
Norway leaders visit Yantai Raffles
On May 30th, the Norwegian Minister of Petroleum & Energy, Mr. Terje Riis-Johansen, has led a delegation to visit Yantai CIMC Raffles Offshore Limited (“CIMC Raffles”) located in northeastern Shandong province, People's Republic of China. The...
2010-06-01 08:52:01
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