Offshore
DSME Inks Drilling Rig
Daewoo Shipbuilding & Marine Engineering of Korea has recently signed a contract to build a submersible drilling barge. DSME said it inked the contract on April 9th with a Korean consortium, led by the Korea National Oil Corporation, to construct ...
2010-04-12 07:15:24
MOL converts VLCC to FPSO
Japan's Mitsui O.S.K. Lines recently announced that the company would cooperate with compatriot partners to invest on Floating Production Storage and Offloading (FPSO) project. The investment totals $800m, collecting from several Japanese banks to...
2010-04-09 09:58:36
China vs. Korea: LNG ships war
Recently Dalian Shipbuilding Industry and Jiangsu Rongsheng Heavy Industries Group both expressed that they would enter LNG carrier building market. "LNG carrier is recognized as the pearl on the crown of shipbuilding industry with high technology...
2010-04-09 09:57:56
Equip makers isolated from offshore boom
Shipbuilding equipments manufacturing companies, who are alienated from shipbuilding industry's recovery, especially in offshore sectors, are expected to suffer deeper from the second half of this year as the severe orders drought for the last two ye...
2010-04-08 07:33:50
Samsung LNG-SRV, " Green Ship Award"'
Samsung Heavy Industries (SHI) of Korea announced on Apr. 7th that its LNG-SRV won 'Green Ship Award' as the world best eco-friendly ship, which Samsung delivered to Norway in Nov. 2009, at the seventh 'Green Ship Technology' held in Copenhagen, Denm...
2010-04-08 07:21:53
CSSC lays keel for deepwater exploration ship
On April 3rd 2010, the keel of the world’s first 3000-meter deepwater engineering exploration ship was laid in LongXue Shipbuilding Base. The ship is scheduled to be delivered in March 2011. Experts said that the ship was fitted with many high-p...
2010-04-07 10:20:33
Tsakos confirms drillship plan
Greek shipowner Tsakos Energy Navigation (TEN) has confirmed its plan to buy at least one drillship from its parent company. "We will buy one first which will happen in the next month," chief executive Nick Tsakos said Tuesday. Tsakos Group has o...
2010-04-07 08:18:07
SHI delays LNG-FPSO confirmation
Samsung Heavy Industries of Korea postponed announcement of newbuilding and supply contract with Shell Gas & Power Developments. Samsung said that it will make re-announcement regarding one LNG-FPSO newbuilding contract with Shell on Apr. 15th wh...
2010-04-07 07:20:04
Orders Growing, Profitability Falling
Seoul-based UBS Securities maintained 'Neutral' as an investment opinion on Korean shipbuilding stocks stating that increasing newbuilding orders intake and ship prices are positive factors while chances of newbuilding contracts cancellations and det...
2010-04-06 07:33:41
Big 4 Orderbook Shrinks $13.4bn
The orderbook of Korean shipbuilding 'Big 4' shrank by USD 13.4bn in the past one year. According to industry sources on Apr. 5th, combined orderbooks of Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI), and Daewoo Shipbuilding & Ma...
2010-04-06 07:28:44
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