Offshore
Offshore giant takes a hit
US-based offshore vessels owner Tidewater saw its profits almost halved in the last three months of 2009 in reaction to the global slump in demand for its ships. The New York-listed company, which is the owner of the world’s largest fleet of of...
2010-02-04 07:49:24
Lamprell secures new orders
United Arab Emirates shipping and offshore fabrication group Lamprell won $51m in contracts for drilling rig refurbishment work and new ship modules so far this year. The contract awards bring fresh work to the London-listed company, which had se...
2010-02-04 07:44:58
Keppel buys into Baku
The Keppel Corporation has begun work to build a shipyard south of Baku. A memorandum of understanding on the construction and operation of the shipyard was signed in Baku on 20 November 2009 by State Oil Company President Rovnag Abdullayev, Azerbaij...
2010-02-04 07:35:23
CIMC strives for offshore leadership
On February 2nd, China’s International Marine Containers (Group) Ltd (CIMC) announced they had reached an agreement with Russia’s MNP Group, to merge U.S.A’s Friede Goldman United (F&G) by 75% shares valued at $75m. F&G is one of the leading...
2010-02-03 15:06:49
POSCO builds lithium extraction plant
The government and the nation's top steelmaker POSCO said yesterday they would team up to build a plant to extract lithium from sea water. Lithium is a key raw material for rechargeable batteries, which are used for powering hybrid and electric c...
2010-02-03 14:10:47
Yantai design capabilities upgrade
China International Marine Containers (CIMC) is buying US marine design company Friede & Goldman (F&G). The Chinese container maker said it would acquire a 75% holding in the company from current owner, Russian shipyard group MNP, for $75m. T...
2010-02-03 07:35:12
China needs 65 LNG carriers by 2015
Currently, with the DAPENG STAR delivered, Hudong Zhonghua Shipbuilding (沪东中华) has completed the building of five LNG carriers successfully, ordered by China Merchants Energy Shipping (CMES). As per expert’s conservative e...
2010-02-02 12:31:00
BWO FPSO conversion deal
BW Offshore has rubber stamped a new deal for one of its vessels off Brazil. Its 322,911-dwt BW Nisa (built 1983) will join Petrobras and Chevron’s Papa Terra joint venture, a statement confirms. BWO says its main responsibility will be to ...
2010-02-02 07:39:02
Yantai wins rig deal
Yantai Raffles is to build a new jack-up drilling rig for delivery in late 2011 on the back of a lease from a UK oil company. Dragon Oil will lease the rig from Yantai Raffles for an initial five years, with an option to extend it for a further t...
2010-02-02 07:37:07
China launches largest cement carrier
On January 28th 2010, China’s Huanghai Shipbuilding (黃海造船) launched the largest-ever cement carrier built in the country. The newbuilding was ordered by a German shipowner. The 13,500-dwt vessel with an LOA of 132m, a breadth of 22.5m an...
2010-02-01 11:50:04
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