Offshore
FLNG to hit $23bn
Cash spent on the fast emerging floating liquefied natural gas sector is expected to crack $23 billion by 2016, with Asia accounting for 23% of that, a senior official from Lloyd’s Register said. The British classification society forecast worl...
2009-10-06 07:26:52
LNG shipping to recover
The LNG shipping market ‘dipped to historic lows earlier this year’ as a result of the recession and production plant delays, shipping association BIMCO reports. ‘However, the sector is emerging from its nadir and beginning a slow recovery.’ ...
2009-10-06 07:23:19
Optimism in OSV market
Maritime companies expressed optimism about the future growth of the regional support vessel market due to continuing offshore projects and stabilization of crude oil prices, at the opening of Middle East Workboats at the Abu Dhabi National Exhibitio...
2009-10-06 07:05:52
STX wins $150m special purpose vessels
South Korea’s STX Offshore & Shipbuilding announced Monday that it has received orders for two 11,800-dwt trailing suction hopper dredgers and one 6,500-dwt side stone dumping vessel from Jan De Nul (JDN) Group headquartered in Belgium and Luxembur...
2009-10-05 11:52:58
LNG newbuilding market unclear
There have been no LNG carriers ordered so far this year and it is unclear where and when future orders will come from. No LNG carriers have been ordered this year and apart from a lone, long-awaited Chinese newbuilding to be ordered at Hudong-Zho...
2009-10-02 12:42:18
Modec, lowest bidder for Petrobras FPSOs
Japan's Modec and Brazil's Schahin have offered the lowest bid in a tender to provide two FPSOs for Petrobras. A venture between the floating production unit player and the Sao Paulo-based conglomerate has offered a day rate of $576,140 for the fi...
2009-10-02 07:40:18
Norweigan cancels heavy lift pair
Norway’s SeaMetric has cancelled the orders for two heavy transport vessels in China. The owner said construction of the vessels is significantly delayed. SeaMetric has been building the two vessels at the China Petroleum Liaohe Equipment Com...
2009-10-02 07:19:15
$110bn going offshore
Around $110bn of investment could be put into floating offshore installations a year until 2013, the classification society Lloyd’s Register (LR) forecast. With crude oil trading at $70 per barrel, LR expects investment in exploration and produc...
2009-10-02 07:14:23
Diamond buys second rig from Jurong
Diamond Offshore has bought a semi-submersible drilling rig from Singapore’s Jurong Shipyard for $490m. The rig, which is capable of drilling in water depths of 7,500 feet, will be renamed the Ocean Valor, Diamond said. In June 2009, Diamond ...
2009-10-01 14:42:29
VLGC rates up before winter season
The large LPG carrier (around 80,000 cbm; VLGC) market is rising. Seasonal factors such as the winter LPG demand season and increasing demand for spot transport in Qatar and Abu Dhabi are contributing to the market upswing. Middle East-Japan spot ...
2009-10-01 07:29:23
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