Offshore
PPL launches Sinopec drilling platform
On April 27th 2010, a self-elevating drilling platform, built by PPL Shipyard was launched successfully. The platform was ordered by China Petrochemical Corporation (Sinopec). The newbuiling valued at $200m. The project was started in January last...
2010-05-03 01:23:19
Samsung wins 160,000-cbm LNG ships
Chevron has ordered two LNG carriers at Samsung Heavy Industries, ending order drought for this ship type at South Korean yards. A spokeswoman from the energy major confirms the ships are 160,000-cbm membrane-type vessels that will have dual-fuel...
2010-04-30 10:25:15
STX Vietnam Offshore Yard Opening
STX Europe said today that it has completed construction of the Vung Tau Shipyard in Vietnam on April 28th, which will target the fast growing Asian offshore plant and OSV market. At the yard facility completion ceremony participated STX Dalian Sh...
2010-04-30 09:17:07
Samsung revenue to hit $12.35bn
Samsung Heavy Industries (SHI) of Korea is expected to show fair performance as its proportion of revenues from offshore plant division expands this year. Kim Hyun, researcher at Seoul-based LIG Investment & Securities, said SHI is expected to me...
2010-04-30 07:04:11
Chinese invest $5.88bn in offshore
German classification society Germanischer Lloyd (GL) recently reported currently 15 Chinese shipbuilders invested about $5.88bn for offshore plant and project. That means huge potential financial demands. "At present 50% of global offshore pl...
2010-04-29 10:10:11
Hefty OSV orderbook worried
Some positive signs have emerged for offshore players in Singapore and others active in the region but particular challenges remain, such as the huge global orderbook for offshore-support vessels (OSVs). In the view of many, the bottom of the mar...
2010-04-29 08:04:51
Stepping Up on Track
Shipbuilding industry is gradually getting back on track. As international oil price and raw materials price continue to skyrocket, related new ship orders increase, which naturally leads to a rise in newbuilding prices. According to Clarkson Researc...
2010-04-29 07:08:52
DSME-ZVEZDA construction in Q3
An active phase of the DSME-ZVEZDA shipyard project construction is scheduled to begin in the third quarter of this year in Bolshoy Kamen of Primorsky Region, the regional Administration press service reported. The statement was made at a meeting...
2010-04-28 08:21:23
Vinashin marks FSO milestone
The Vietnam Shipbuilding Industry Corporation (Vinashin) delivered a floating storage and offloading unit, called 'FSO-5', on Monday to the Petroleum Technical Services Corporation (PTSC). Vinashin's Nam Trieu Shipbuilding Industry Corporation (N...
2010-04-28 07:46:53
HHI's new drillship Canister-Thrusters
Korea's Hyundai Heavy Industries recently developed and introduced a new construction method for drillship, which cut construction cost and heightens vessel operation efficiency. Last year the world's No. 1 shipbuilder developed Canister, a thrust...
2010-04-27 12:47:16
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