Offshore
STX chairman sees new orders later
South Korea’s STX Business Group chairman Kang Duk-su said new orders were expected to be materialized in the fourth quarter of the year. He told reporters at ‘Motor Vessel Show’ held at the National Assembly building in Seoul Monday that gl...
2009-09-08 06:43:41
Indonesian yards upbeat on new rule
Indonesia’s shipbuilding industry expects its currently idle shipping capacity, which has now reached about 50 percent, to be fully exploited under a new government rule that requires the oil and gas sector to rely on Indonesian vessels for its shi...
2009-09-07 13:03:48
Sign of recovery: LPG carrier market
A promising sign for the still slumped LPG carrier market has finally emerged. Indonesia is now advancing the formulation of policies toward the conversion of household fuel to LPG from the hitherto kerosene. It is predicted that the increased con...
2009-09-04 07:27:23
X-Bow makes its Asian debut
The first of four platform supply vessels, built for Bourbon Offshore Norway to Ulstein design at Zhejiang Shipbuilding in Ningbo, China, is the first Asia-built vessel to incorporate the Norwegian builder's distinctive X-Bow. The Bourbon Front, ...
2009-09-04 07:19:54
Haifeng focuses on offshore specialty
China's Jiangsu Haifeng Shipbuilding is said to be playing an important part in the development of the coast and offshore area of Jinagsu province. Haifeng, a large shipbuilder located in Xiangshui county, builds offshore oil exploration and devel...
2009-09-04 06:51:04
Tidewater buys subsea construction newbuild
US shipowner Tidewater will acquire a newbuilding subsea construction vessel from Norwegian operator Aquanos to expand its expertise into the growing deepwater oil and gas market. Tidewater, the world’s largest owner of offshore support vessels,...
2009-09-03 07:45:01
ABS classes first ice-class FSO
The first ice-class floating storage and offloading system (FSO) to be completed at a Caspian Sea shipyard and deployed for service in the Caspian Sea is to be issued by ABS classification. The Yuri Korchagin is set to be towed out of Baku for instal...
2009-09-03 07:32:58
Wind turbine ship gears up
In response to the emerging offshore wind power market, DNV is launching the world’s first class notation for offshore wind turbine installation units. The market for wind turbine installation units is growing rapidly as the offshore wind indust...
2009-09-03 07:25:03
Ningbo yards buck slump: special ships
According to the Ningbo Ship Industry Association, there exist a total of 50 shipbuilding companies in Ningbo city, Zhejiang province, China, and the ones which mainly build bulker, containership and tanker have taken a big hit from the global financ...
2009-09-03 06:55:22
Jurong ends $442m rig contract
Singapore’s Jurong Shipyard has terminated a contract with Petroprod to build one of the world’s largest jack-up rigs, after the company went into liquidation in April this year. Jurong’s parent, Sembcorp Marine, said in a brief statement t...
2009-09-02 07:41:13
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