Offshore
Keppel to scrap MPU Heavy Lifter hull
An ambitious project to build the world’s largest heavy lift vessel has been dealt a death blow with Keppel Corp announcing it is to scrap the hull to free drydock space. The semi-submersible vessel was ordered at a cost of EUR 140m ($191m at cu...
2008-12-17 07:21:30
Sembcorp Marine secures LNG carrier's work
Sembcorp Marine is pleased to announce the award of an evergreen favoured customer contract (FCC) from International Gas Transportation Company Limited (IGTC) to provide repairs, upgrades and other marine services for its fleet of LNG ships which are...
2008-12-16 10:56:27
Global LNG ship orders dip to new low
The world's biggest shipyards led by Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. will record the lowest liquefied natural gas tanker orders in a decade as charter rates halve, a consultant said. This year saw the lowest ordering ...
2008-12-15 08:14:14
Petrobras puts off 3rd FSRU
According to overseas media sources, Brazilian state-run oil company Petrobras has postponed procurement negotiations for its third FSRU (floating storage & regasification unit). Shipowners involved in the tender were to present conditions to Petrobr...
2008-12-11 09:18:30
Jurong secures FPSO conversion contract from MODEC
Singapore’s Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$200 million contract to convert the Very Large Crude Carrier (VLCC) tanker, the MV “PSVM” (ex Bourgogne), to a Floating Production Storage...
2008-12-10 08:08:31
Dubai dock secures FSRU
A Middle East shipyard will carry out conversion work on the 'Golar Frost'. Contractor Saipem has selected Dubai Drydocks to carry out the conversion of an LNG carrier into a floating storage and regasification unit (FSRU). The 138,830-cbm Gola...
2008-12-09 08:54:44
Keppel FELS completes Jindal’s 2nd jackup earlier
Keppel FELS Limited (Keppel FELS) is set to deliver a jackup rig ahead of schedule to Virtue Drilling, an associate company of India’s Jindal Drilling & Industries (Jindal). Named in the presence of Guest-of-Honour, Dr Lee Boon Yang, Singapore’s ...
2008-12-09 08:19:06
Seadrill newbuilding fixed
John Fredriksen’s Seadrill has secured a near $380m contract for one of its newbuildings. Its semi-tender rig West Berani II will join Chevron offshore Angola for five years following its delivery in early 2010. Alf Thorkildsen, CEO of Seadrill,...
2008-12-08 09:06:23
Rates for offshore vessels will plummet
Plunging oil prices and an influx of newbuildings will cut term charter rates for offshore vessels in half over the next two years, a leading bank warns. With oil down at less than $40 per barrel, some offshore projects are becoming unsustainable ...
2008-12-08 08:54:38
Drydocks may invest in more rigs, vessels
Drydocks World may consider investing in more rigs and vessels on order from its shipyards in Singapore and Indonesia in anticipation of an upswing in newbuild demand after the current economic downturn. Drydocks' Graha yard in Batam, Indonesia, ...
2008-12-08 08:17:13
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