Offshore
STX builds new Brazil yard
STX Norway Offshore is to invest $100m over the next three years in the creation of a new shipyard at Fortaleza in the state of Cearà in north eastern Brazil. The STX Europe subsidiary is to undertake the project with local partner PJMR, w...
2010-03-05 08:20:40
Equip makers eye offshore
Shipbuilding equipments manufacturing companies are seeking advancement into offshore plant business to get over shipbuilding industry's depression. Busan Marine Equipment Association held a seminar of 'Current Status of Offshore Plant Industry a...
2010-03-05 07:15:59
China’s first DPCS to come out
Mr Fu Chengyu, general manager of China National Offshore Oil Corporation (CNOOC) recently visited compatriot shipbuilder Jiangsu Rongsheng Heavy Industries to inspect their DPCS building project ongoing at the yard. On September 16th 2008, China...
2010-03-04 10:21:44
Otto Marine sees challenges ahead
Singapore offshore vessel builder and owner Otto Marine will face “challenging” market and economic conditions this year. This warning came after the company saw an 8% drop in net profit last year to S$52.3m ($37.2m), down from S$56.8m. Revenu...
2010-03-04 08:24:57
MOL orders four LNG carriers in China
Japan’s Mitsui O.S.K. Lines has seen a spike in its LNG activities for ExxonMobil, with the award of two long-term charters for its 177,000-cum LNG carriers by an ExxonMobil affiliate led co-venture Papua New Guinea LNG Project. The vessels, which ...
2010-03-04 08:16:27
Hyundai denies LNG carrier order
Hyundai Heavy Industries denied today that it has recently signed a contract with Japan’s Mitsui OSK Lines (MOL) to build two LNG carriers. Earlier today Japan’s Nihon Geizai Shimbun reported that MOL has decided to build six LNG carriers with...
2010-03-03 14:33:09
Paris to sell warships to Moscow
France said yesterday that it had begun exclusive negotiations with Moscow to sell Russia four helicopter-and-troop ships, despite opposition from the US and the Baltic states. After talks with President Dmitry Medvedev, on a state visit to Franc...
2010-03-03 09:55:14
OSX eyes $5.6bn IPO
Brazilian shipbuilder and offshore vessel company OSX is planning to raise up to $5.6bn in an initial public offering (IPO) on the Sao Paulo stock exchange. The Eike Batista-led company announced that its shareholders are planning to offer up to ...
2010-03-03 08:07:07
Fincantieri credit deal for suppliers
Italian state shipbuilder Fincantieri has tied up a deal with Crédit Agricole subsidiaries Eurofactor Italia and Banca Popolare Friuladria “to facilitate and reduce the cost of access to credit” for its suppliers. Under the terms of the...
2010-03-03 08:04:29
Fincantieri mulling floating prisons
A project to build floating penitentiaries as a means to ease Italy's chronic prison overcrowding was presented in Italy on Friday during meeting of the prison warden union Sidipe. The project from the Fincantieri shipbuilding group was commissio...
2010-03-02 12:07:51
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