Offshore
Encouraging signs for yards
Kleven Maritime’s Stale Rasmussen believes there are encouraging signs for shipyards after the sudden freeze in orders. The Norwegian offshore specialist’s managing director said that business could be picking up after grinding to a halt in th...
2009-06-10 07:46:54
Deferred LNG cargoes returning
Demand for liquefied natural gas will continue to be hit by the global economic crisis, but some deferred cargoes are now returning, according to Petronas. Hassan Marican, chief executive of the Malaysian state oil and gas firm, said demand would ...
2009-06-10 07:28:06
Offshore & LNG to lead market recovery
Wartsila says offshore vessels and then LNG contracting will lead a recovery in the newbuilding market in the coming years. The Finnish company is branching out into ship design business in an attempt to capture future orders and is working on dev...
2009-06-10 06:55:36
Hyundai delivers world’s largest offshore platform
Hyundai Heavy Industries of South Korea on June 9th held a delivering ceremony for the world’s largest fixed offshore platform. The unit is the last of the three such facilities ordered by UAE’s ADMA-OPCO in a $1.6bn Engineering, Procurement, ...
2009-06-09 14:30:24
Sembcorp sells Petrorig 1 to Diamond Offshore
Sembcorp Marine has washed its hands of a troublesome semi-submersible newbuilding by selling it to a US driller. Diamond Offshore Drilling bought the Petrorig 1 just days after the shipyard settled a dispute with its previous owner Petromena. New...
2009-06-09 07:40:40
MISC-China LNG build $200m LNG carrier
Malaysia shipping firm MISC Bhd and China LNG Shipping (Holdings) Co will build a tanker to transport liquefied natural gas between the two countries. The companies will have equal stakes in the joint venture to build the vessel which would cost abou...
2009-06-09 07:05:36
SCI to order five more AHTSs?
The board of Shipping Corp of India (SCI) has approved ordering a total of seven offshore vessels, a company executive has said. SCI already has placed an order for two 120-ton-bollar-pull anchor handling tug supply vessels at compatriot Cochin Sh...
2009-06-09 07:00:18
SembCorp and PetroRig I reach settlement
Sembcorp Marine has reached a settlement with PetroRig I and its bondholders, allowing the sale of the semi-submersible rig to proceed. The Singapore yard group said Jurong Shipyard, the builder of PetroRig I, and bondholders Norsk Tillitsman and...
2009-06-08 07:40:41
Samsung wins $5bn offshore plant ,, ?
A local daily newspaper in South Korea reported that Samsung Heavy Industries was said to have signed a $5bn offshore project. The paper cited an official from Daewoo Shipbuilding & Marine Engineering as saying, “Samsung Heavy Industries recent...
2009-06-05 12:10:17
Scorpion sells a newbuilding rig
Scorpion Offshore is to sell a newbuilding rig in order to repay a $52m loan it has just secured from two major shareholders. The Norwegian owner claims it is already “talking to several interested parties” about the purchase of the jack-up ri...
2009-06-05 07:42:04
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