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Dubai World businesses as usual
All three maritime industries affiliates of Dubai World are confident that they will not get caught up in the flak surrounding their parent concern’s shock debt moratorium request, in a development that will reassure customers that include many of ...
2009-11-30 07:11:00
China offshore yard gets final approval
Chinese Ministry of Industry and Information Technology (MIIT) has given the final nod to Cosco Shipyard Group (CSG), a subsidiary of China Ocean Shipping (Group), to build an offshore yard in Qidong city, Jiangsu province. CSG said MIIT had sent off...
2009-11-27 07:16:13
LNG newbuilding awakening
LNG carrier newbuilding market seems to be awakening from a long slumber after a hiatus of 18 months without new orders. A single LNG carrier newbuilding order has not been placed since May 2008 due to fall in demand for LNG and financial difficul...
2009-11-27 06:00:46
Sembawang forms JV in India
Singapore’s Sembawang Shipyard has set up a joint venture marine and offshore facility in India with Kakinada Seaports. The yard, part of SembCorp Marine, will hold a stake of 19.9% of the joint venture’s initial investment of $50m. It has ...
2009-11-26 07:26:45
Saipem converts FPSO
Italian shipowner Saipem has clinched a €1bn ($1.5bn) contract from Italy’s energy major Eni to supply a floating production storage and offloading vessel for projects in the Adriatic Sea. Under the agreement, Saipem will convert one of its own a...
2009-11-26 07:23:13
Shell slows Qatargas expansion
Royal Dutch Shell said it had delayed its $8 billion Qatargas 4 liquefied natural gas (LNG) project by around a year, with startup now planned for late next year and first cargo possibly pushed into 2011. "We had been planning for a startup in early ...
2009-11-26 07:14:54
Keppel signs more new orders
Keppel Offshore & Marine’s yards in Singapore and the Netherlands have inked contracts from Petrobras and Saipem worth $119m in total. Keppel Shipyard in Singapore has won a contract from Petrobras for the pre-conversion of the P-58 floating pro...
2009-11-26 07:02:14
Drydocks World first LNG-FSRU conversion
Drydocks World - Dubai, the region’s premier ship repair, conversion and newbuilding yard and the flagship company of Drydocks World, Tuesday announced that work is underway on its first ever Floating Storage Re-gasification Unit (FSRU) conversion ...
2009-11-25 09:53:41
CIMC secures LNG terminal deal
Container manufacturer China International Marine Containers said its subsidiary TGE Gas Engineering has signed a CNY 1.4bn ($205m) construction contract with CNOOC Zhejiang Ningbo LNG. Under the agreement, TGE will undertake the purchase, constructi...
2009-11-25 08:47:53
Keppel upgrades drillships for $304m
Keppel Offshore & Marine (Keppel O&M), through its subsidiary, Keppel FELS Brasil, has secured contracts from Noble Corporation (Noble) to upgrade and repair two of Noble's Brazil-based drillships for US$304 million (S$421.6 million). The scope o...
2009-11-24 07:01:48
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