Offshore
Worst has passed for LNG ships
Global demand for LNG carriers is finding a way out of the doldrums. More vessels are in demand amid the start-up of delayed LNG development projects, the emergence of long-distance LNG transport routes and an increasing use for gas storage purposes....
2009-09-21 07:07:05
New orders to soar
Global newbuilding orderbook, as of the end of August, stood at 8,779 ships of 164.7m cgt and 524.7m dwt, which is the lowest since June 2007. According to Clarkson Research Services’ latest report, the average dwt/vessel on order is 59,773 dwt,...
2009-09-21 06:14:19
Yards eye to Gorgon LNG
Shipyards are eyeing up possible LNG-newbuilding orders following the recent sanction of Australia's massive Gorgon LNG project. Yard chiefs say talks could start on newbuildings for the 15million-tonnes-per-annum (mtpa) project this year. Howe...
2009-09-18 12:17:16
Hudong-Zhonghua wins LNG carrier
China LNG Shipping (Holdings) Co (CLNG) hopes to sign a newbuilding contract next month for an LNG carrier that it is expected to order in partnership with Malaysia's MISC. Officials from CLNG - a joint venture between Cosco and China Merchants th...
2009-09-18 12:14:52
Wadan defends two ropax orders
The insolvency administrator of Nordic Yards (formerly Wadan Yards), Marc Odebrecht, has finally reached an agreement with Sweden’s Stena Line over the construction of two ropax ferries. “Stena confirmed that it will take delivery of the vesse...
2009-09-18 07:53:12
STX targets $2bn in offshore orders
South Korea’s STX Offshore & Shipbuilding is aiming to more than double its offshore orders this year. YH Chung, the chief operating officer for offshore business at the yard group, said Wednesday that the company is targeting $2bn in orders in ...
2009-09-17 07:49:27
ZPMC targets offshore market
China’s largest port machinery manufacturer Shanghai Zhenhua Port Machinery (ZPMC) is planning to flex its muscles in the thriving offshore market in order to stave off increased competition in its traditional port equipment business. ZPMC presi...
2009-09-16 07:42:34
Russian wins LNG ships
Northern Shipyard in St Petersburg and Gazprom are now preparing contracts on construction of LNG carriers for the Shtokman field. Russian manufacturers of equipment to the petroleum sector are gaining on their foreign competitors. According to Ge...
2009-09-16 07:23:36
Oil majors agree on Gorgon investment
The three oil companies involved in the A$43bn ($37bn) Gorgon project in Western Australia can start searching for a fleet of liquefied natural gas carriers now they have sanctioned the project’s investment. US oil majors Chevron and ExxonMobil, pl...
2009-09-15 07:23:38
Hyundai wins $2.6bn plant order
Hyundai Heavy Industries said Tuesday it had won a $2.6bn order from the Ministry of Electricity and Water in Kuwait to construct a massive power plant, together with General Electric (GE) of the US. Under the deal, Hyundai will build Kuwait’s l...
2009-09-15 06:19:45
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